Taiwan Depository & Clearing Corporation

TDCC held its annual shareholders’meeting in June 2016 and passed the proposal of issuing cash dividend of 1.5 and stock dividend of 0.25.

For many years, TDCC has been devoted to achieving diversified operation, internationalization, and financial technology, such as expanding cross-border custodian services and offering securities brokers STP services and investors’ mobile passbook. The next stage for TDCC is to incorporate mobile e-voting and turn the operating mode from B2B to B2C. In addition, TDCC has also invested in FundRich, the online mutual fund platform. In addition to offering 90% of mutual funds on the market, FundRich enables investors to save time substantially by offering online account opening services and manage finances through Fintech.

The achievements mentioned above have gradually been reflected in the income structure of TDCC, and the heavy reliance on trading volume and equity product have declined annually. Income related to daily trading volume has gone down from over half to forty percent of total income, and revenues from stocks, bonds, funds and e-voting have been increasing. Hence, the operation and finance of TDCC have been directed at the target of sustainable growth. In addition, in order to follow the trend for digitalized financial services, several exclusive digital financial units have been established in operation and IT departments. The human resources transformation project has been activated to lower labor costs and raise personnel quality for more efficient and innovative services.

As for future prospect, TDCC will adhere to the principle of serving the market; we will also respond to the current trend of global development and embrace the management philosophy of giving profits and sharing revenue with market participants. Also, the application of FinTech such as mobile technology, big data, cloud computing, social networking websites, and Internet of Things will be employed to create a secure, efficient, and symbiotic ecosphere for digital services.

In addition, TDCC has performed its corporate social responsibility and thus established “Charitable Pre-Employment Financial Program for College Students,” and sponsored projects such as “Training Program for Sports Talents” and “One School One Care Project in Rural and Remote Areas” to promote social charity and financial education. TDCC also held ACG 19, inviting executives from custodian and clearing corporations in Asia Pacific areas. Besides exchanging business development experiences, TDCC also enhanced the global visibility as well as the image of Taiwan securities market, opening up new cooperation opportunities in international capital market.

At this annual shareholders' meeting, the reelection for the 10th directors and supervisors was also held and followed by the board meeting, where Mr. Sherman Lin was elected as Chairman & CEO, and Meng, Ching-Li as President.