Asia Cement Corporation holds its 2024 shareholders' meeting

        Asia Cement Corporation held its shareholders' meeting on June 25th, with a 2023 earnings per share of NTD 3.28. During the meeting, a cash dividend of NTD 2.1 was distributed per share, resulting in a yield rate of 4.7%. Since its listing, Asia Cement Corporation has been profitable for 62 consecutive years. Since 1984, it has distributed dividends for 39 consecutive years and earned billions of yuan for 6 consecutive years.

        Asia Cement Corporation has been deeply involved in the cement industry for 67 years, committed to promoting environmental protection and carbon reduction, and is one of the earliest cement companies to invest in mining vegetation greening and high environmental protection production. The company promises to set carbon reduction targets, develop low-carbon cement, high environmental protection concrete, and green building materials, with a carbon reduction rate of 12-42%. In the sales of low-carbon cement, we have over ten years of experience and have innovatively developed ternary mixed cement, which reduces carbon emissions by 46% and is expected to become a leader in environmentally friendly building materials. Excellent ESG performance, selected for the 2024 S&P Global Sustainability Yearbook, not only ranked in the top 15% of the global cement industry, but also the highest scorer among Taiwanese building materials companies.

        Chiahui Power Corporation, invested by Asia Cement Corporation, is Taiwan's largest private power company with an annual power generation of 1.21 million kilowatts, providing electricity for 1.2 million households. By using natural gas, which is more environmentally friendly than coal gas, Chiahui Power Corporation fulfills its corporate social responsibility and supports Taiwan's power supply and economic development, creating reasonable profits for shareholders. In addition, Asia Cement Corporation holds equity in multiple companies under Far Eastern Group and makes strategic and financial investments to create stable profits.

        Under the steady and reliable guidance of Douglas Hsu, the leader of innovation and transmission, Asia Cement Corporation will continue to implement a three pronged development strategy of cement, non cement, and investment, achieving a balance between company transformation and development, and pursuing sustainability and profitability.

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