FCFC — AGM Information 2021

Aug 3, 2021

Formosa Chemicals & Fibre Corporation Notice of the 2021 Annual Shareholders’ Meeting (Summary)

Time: 10:00 a.m., Friday, June 18, 2021

Venue: 5F, Conference Center at Sunworld Dynasty Hotel

(Located at No.100, Dun Hua North Road, Taipei, Taiwan)

A. The agenda for the Meeting is as follows:

• I. Report Items

  1. Business Report of 2020

  2. Audit Committee’ Review Report on the 2020 Financial Statements

  3. Distribution of 2020 Employees Compensation

  4. The Issuance of 2020 Unsecured Ordinary Corporate Bond

• II. Ratification Items

  1. 2020 Business Report and Financial Statements

  2. Proposal for Distribution of 2020 Profits

• III. Discussion Items (I)

  1. Amendment of the Company’s “Rules for Election of Directors”

  2. Amendment of the Company’s “Rules of Procedure for Shareholders’ Meeting”

• IV. Election Items

Elect the Board of Directors to conform to the applicable laws.

• V. Discussion Items (II)

• Appropriateness of releasing the newly elected Directors and the juristic person shareholder which appointed their authorized representatives to be elected as directors, from non-competition restrictions.

  • VI. Extraordinary motions

B. The major items of the proposals for the distribution of 2020 profits adopted at the meeting of the Board of Directors are as follows:

• I. Cash dividends to Common Shareholders: Totaling

NT$14,652,965,728. Each Common Shareholder will be entitled to

receive a Cash Dividend of NT$2.5 per share.

II. Employees' Cash Profit Sharing: Totaling NT$20,623,813. III. Directors’ Compensation: Totaling NT$0.

C.Precautionary measures:

• I. Shareholders are advised during this period of the COVID-19 pandemic to use the Shareholder E-Voting system to exercise their voting rights. If a shareholder intends to attend the shareholders meeting in person, he/she should wear a mask and comply with body temperature measurement at the venue. Any shareholder who does not wear a mask or whose body temperature is measured twice in a row and found to have a forehead temperature reach 37.5°C or an inner ear temperature of 38°C, he/she is prohibited from entering the venue.

• II. If the Company finds need to change the meeting venue of the shareholders meeting in response to the pandemic, such material information will be announced on the Market Observation Post System (MOPS).