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Fubon Financial Chairman Cai Ming-Hsing Listens to Shareholders and Commits to Improving Dividends

Fubon Financial Chairman Cai Ming-Hsing Listens to Shareholders and Commits to Improving Dividends

Fubon Financial Holdings held its shareholders' meeting today (13th), where Chairman Cai Ming-Hsing addressed concerns from small shareholders regarding insufficient dividend payouts. Emphasizing his perspective as a fellow shareholder, he expressed understanding of shareholders' expectations and emotions while patiently explaining the factors affecting dividend distributions in the financial sector to alleviate their dissatisfaction.

During the meeting, Fubon Financial approved the 113th annual financial report and profit distribution plan, deciding on a cash dividend of NT$4.25 per share and a stock dividend of NT$0.25 per share, totaling NT$4.5 per share, which is a historical high. However, there were still complaints from some small shareholders regarding the dividend amount, to which Cai responded, “I also wish to distribute more,” aiming to bridge the gap with shareholders.

Cai emphasized the commitment to work together to improve dividends in the future, though the distribution rate is restricted by regulations from the Financial Supervisory Commission and the profit remittance system of subsidiary companies. He also reminisced about his father, Cai Wan-Tsai, who often questioned why the dividends were so low.

Cai also rationally commented on the impact of the appreciation of the New Taiwan Dollar, pointing out that it can help curb inflation and increase capital inflows to the stock market, but warned that rapid appreciation could impact the insurance and export sectors.