OUCC 2023 Shareholders Meeting: Innovation Breakthrough and Commencement of Transformation

　The 2023 shareholders meeting of the company (TWSE stock code: 1710) was held today, in which the 2022 EPS NT$0.04 was proclaimed and the proposed cash dividend distribution of NT$0.2 per share approved. With the overall global economy throttled by the Ukraine war, China mobility restriction, and the global inflation, the prices of EG were severely slashed. Nevertheless, the company’s advantages in the development of high-valued and eco-friendly green products of recent years secured the break-even overall operative performance of the year.

　By way of the efforts in technology and R&D integration, quality improvement, process efficiency enhancement in years, the product unit costs of the company were able to decrease. More, to mitigate the impact of MEG on operation, the company not only has adjusted its production ratio by aiming at high-valued products, but also been actively developing relevant CO2 captured and utilized products. The company’s CO2 of semiconductor grade, with purity achieving 99.9999%, meet the requirements of advanced 5nm and 3nm processes. Other than the CO2-based polycarbonatediol (PCDL) and environmentally-friendly cement water reducer, the company is also undertaking the development of specialty chemicals of ethylene oxide derivatives for formulation and customization, such as polyetheramine (PEA) and ethylenediamine (EDA), which of the former strengthens the tenacity of plastics and applicable to the downstream composite resin market of wind power devices, while the latter, in addition to its use as epoxy resin hardener, may be further developed into various amine-based chemicals of excellent solvents for the carbon capture and utilization (CCU) system. All the aforementioned have launched mass production with satisfactory quality, meeting gradually the market demands as well as augmenting the profits of the company.

　　Looking into the future, the company will adhere to its transformation through research and development, continue to advance in high-valued battery, green products and special application materials; and, implement simultaneously the process management in circular economy, energy transformation and low-carbon production, to achieve the targets of 35% carbon reduction and carbon neutral by 2030 and 2050 respectively; and, align with global technology development trend, in pursuit of the profit and growth through robust operation, to constantly create new value for shareholders, customers and employees.

#