Press Release

2018 Annual Shareholders' Meeting: Stock dividend of NT$1.2177 and cash dividend of NT$2.7

CH Biotech's 2018 Annual Shareholders' Meeting (the "Meeting") took place on June 5, 2018, presided over by Chairman Chenpang Wu. The Meeting adopted the 2017 financial statements and approved the proposal for distribution of 2017 profits, authorizing a stock dividend of NT$1.2177 per share and a cash dividend of NT$2.7 per share.
The re-election of directors was also conducted in the Meeting. New directors unanimously reelected Chenpang Wu as chairman.
For 2017 CH Biotech reported a steady increase in business results from the previous year. Consolidates revenues were NT$780.9 million, up 11.8% YoY, and net profits were NT$290 million, up 12.3% YoY, for EPS of NT$5.7 based on the year-end capital stock of NT$509 billion.
Some highlights of the 2017 financial statements are as follows.
                                                                                           Unit :NT$ '000

  2017 2016
Operating Income 780,960 698,374
Gross Margin 84% 83%
Pretax Profits 355,664 325,351
Net Profits 290,325 258,477
Weighted Average Common Shares Outstanding ('000 shares) 50,940 50,940
EPS (NT$) 5.70 5.07
Another important item on the agenda at the Meeting was to set up the Audit Committee. To enhance corporate governance, the powers of the board of directors, and internal control, CH Biotech set up the Audit Committee to replace supervisors.

The Committee is comprised of all independent directors. Accordingly, CH Biotech has adjusted the structure of its board of directors to seven directors (including three independent directors) from six directors (including three independent directors) and three supervisors.
Looking into 2018, CH Biotech is well-positioned to benefit from growing demand for biotech agrochemicals as major agricultural countries seek to reduce agrochemical consumption. For 2018, we expect steady growth in operations from 2017. We will continue to develop products that meet farmers' needs and address a new generation of agricultural challenges.