ACC — AGM Information 2020

Jul 8, 2020

Stock Code: 1102 http://www.acc.com.tw

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Asia Cement Corporation

Announcement for the Convention of 2020 Regular Shareholders Meeting

Subject: To convene the 2020 Regular Shareholders Meeting of Asia Cement

Corporation (the "Meeting") in accordance with Article 170 of the Company Act and the resolution of the meeting of the Board of Directors.

Announcements:

1. Meeting Time:

• 9:00 a.m., June 23, 2020 (Registration time starts from 8:00 a.m.)

• Meeting Venue:

The Banquet Hall in Taipei Hero House

20, Sec. 1, Changsha St., Zhongzheng Dist., Taipei City 100, Taiwan

3. Meeting Agenda:

• I. Reporting events:

• (1) 2019 business report,

• (2) 2019 financial statements,

• (3) Audit Committee’s review report on the 2019 financial statements,

• (4) Report on the 2019 Directors’ Remuneration and Employees’ Compensation

• (5) Report of issued corporate bond.

• (6) Report of Amendment to the “Principles for Ethical Management of Asia Cement Corporation”.

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• II. Recognizing events:

  • (1) Acceptance of the 2019 business report and financial statements,

  • (2) Acceptance of the proposal for distribution of 2019 profits.

• III. Discussing events and elections:

  • (1) Amendment to the Articles of Incorporation of Asia Cement Corporation.

  • (2) Amendment to the Meeting Rules of the Shareholders' meeting.

  • (3) To elect directors and independent directors.

  • (4) According to Article 209 of the Company Act, to permit directors to do anything for himself or on behalf of another person that is within the scope of the company's business.

• IV. Questions and Motions

• The major item of the profit distribution proposal adopted at the meeting of the Board of Directors lists as follows:

Cash dividends to common shareholders: Each common shareholder will be entitled to receive a cash dividend of NT $3.0 per share.

1. After being approved at the Meeting, the cash dividends to common shareholders will be distributed on a record date to be determined by the Chairman authorized from the Board of Directors.

2. The candidates list for directors and independent directors:

he candidates	list for directors and independent	directors:
Director	Douglas TongHsu
	Far Eastern New Century Corporation	T.H. Chang Johnny Shih C.V. Chen
	Bai-Yang Investment Holdings Corporation	Chin-Der Ou
	U-DingCorporation	K.Y. Lee
	Far Eastern Y.Z. Hsu Science And TechnologyMemorial Foundation	Peter Hsu C.K. Chang
	Ta Chu Chemical Fiber Co.,Ltd	Ruey Long Chen
	Huey Kang Investment Corporation	Connie Hsu*

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	Far Eastern Medical Foundation	Champion Lee
	U-MingCorporation	K.T. Li
Independent Directors	Chi Schive Gordon S. Chen Yun-PengChu

*passed away after nomination period expired.

1. In addition to this announcement, a meeting notice and a proxy will be posted to each shareholder 30 days prior to the date of the Meeting. Any shareholder who does not receive the meeting notice and proxy may contact the Stock Transfer Agent, Oriental Securities Corporation directly.

2. Once there is proxy solicitation of the Meeting, the Company will post relevant information on http://free.sfi.org.tw 30 days prior to the date of the Meeting.

3. Shareholders could also exercise voting rights by electronic means. The exercise period starts from May 23, 2020 to June 20, 2020. For more information, please visit http://www.stockvote.com.tw.

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