Taipei, Taiwan, March 10, 2011 – Delta Electronics, Inc. (Delta Electronics or the "Company") today held a meeting of the Board of Directors, at which the Board approved the 2010 Financial Results and scheduled the Company's 2011 regular shareholders' meeting.
The Board also approved the following:
1.The consolidated audited 2010 sales revenues were NT$171,302,000,000, net income after tax NT$15,754,000,000, and earnings per share NT$6.69.
2.The Company's Board announced its resolution on dividend distribution of NT$5.2 cash per share (NT$5,200 cash dividend per 1,000 shares).
3.The Company's regular shareholders' meeting is scheduled for 10:00 AM, 2011/6/24, at Taoyuan Chuto Plaza Hotel, Golden Dragon Hall (398, Taoying Road, Taoyuan City, Taiwan, R.O.C.). The registration of title transfer of common shares will be suspended from 2011/4/26 to 2011/6/24 inclusively. Any parties that hold the Company's common shares and have not completed registration of title transfer must complete title transfer either at MasterLink Securities Corporation before 16:30 on 2011/4/25 or through post mail stamped by 2011/4/25.
4.The Company's Board announced the Company's subsidiary Delta International Holding Ltd. (DIH) will take over a 100% stake in Drake Overseas Financial Investment Ltd. from Lombard International PCC Ltd. for US$172,116,340 (roughly RMB1,133,885,238). As a result, DIH will indirectly hold a 100% stake in Drake Investment (HK) Ltd., a subsidiary of Drake Overseas Financial Investment Ltd., and around 48.5% of its mainland Chinese invested company Delta Greentech (China) Co., Ltd. DIH will acquire 275,549,268 shares of Delta Greentech (China) Co., Ltd. at US$0.62463 per share (roughly RMB4.115). Based on the current shareholding structure, the Company recognizes an investment amount of US$161,789,360 in Delta Greentech (China) Co., Ltd.
5.The Company's Board announced Delta International Holding Ltd. (DIH)'s subsidiary Delta Electronics (HK) Ltd. (DHK) will purchase 50% of the shares of Delta Green (Tianjin) Industries Co., Ltd. from Apex Investment (HK) Ltd., Jade Investment (HK) Ltd., and Kernford Investment Ltd. for US$15,451,799 (roughly RMB101,794,907). The Company recognizes an investment amount of US$14,524,692 in Delta Green (Tianjin) Industries Co., Ltd.