CMT — AGM Information 2023

Jun 20, 2023

Chinese Maritime Transport LTD. Description of the Proposal of the 2023 Annual Shareholders’ Meeting Time: 9:00 a.m., Friday, 9 June, 2023

Place: Sheraton Grand Taipei Hotel (No.12, Zhong Xiao East Road, Section 1, Taipei, Taiwan, R.O.C.)

Proposed Resolutions

1. To accept 2022 business report and financial statements

Proposed by the Board of Directors

Explanation:

• 1.1 CMT’s 2022 Financial Statements have been audited by KPMG, and an audited report has been issued on the record, together with the business report and financial statements, which have been reviewed by Audit Committee and approved by the Board of Directors, submit to the shareholders’ meeting for acceptance.

• 1.2 Please refer to attachment 1 and attachment 3. (page 7~10 & 12~29)

Resolutions:

2. To approve the proposal for distribution of 2022 profits

Proposed by the Board of Directors

Explanation:

CMT’s 2022 profit distribution proposal has been approved by the Board of Directors. The earnings distribution is as follows:

			(unit: NTD)
Chinese Maritime Transport Ltd. Earning Distribution Table of 2022 Item Amount Unappropriated returned earnings of previous year 5,970,597,436 Add: 2022 net income 766,083,083 Less: Losses on remeasurements of defined benefit plans 13,204,800 10% Legal reserve appropriated (77,928,788) Special reserve appropriated 575,281,000 2022 Earnings available for distribution 1,276,640,095 Earnings available for distribution 7,247,237,531 Less: 2022 Earning distribution (cash dividend 2.18 per share) (430,516,413) Unappropriated returned earnings at the end of year 6,816,721,118 P.S. The calculation of cash dividend distribution is up to one NT dollar, and less than one dollar is rounded. The cash dividends less than one NT dollar shall be transferred to other income by the Company.

Resolutions:

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Discussions

1. To amend the Articles of Incorporation

Proposed by the Board of Directors

Explanation:

• 1.1 In pursuant to Article 172-2 of the Company Act, a company may explicitly provide for in its Articles of Incorporation that its shareholders’ meeting can be held by means of visual communication network or other methods promulgated by the central competent authority, it is proposed to amend CMT’s Articles of Incorporation.

• 1.2 Please refer to the amendment comparison table for the Articles of Incorporation as attachment 4. (page 30)

Resolutions:

2. To amend the Rules of Procedure for Shareholders’ Meeting

Proposed by the Board of Directors

Explanation:

• 2.1 It is proposed to amend certain clauses of the Rules of Procedure for Shareholders’ Meeting in line with the aforementioned amendments of CMT’s Articles of Incorporation.

• 2.2 Please refer to the amendment comparison table for the Rules of Procedure for Shareholders’ Meeting as attachment 5. (page 31)

Resolutions:

Extempore Motion(s)

Adjournment

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