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TDCC's e-voting platform seeing record-high utilization as AGM peak season approaches

2016/05/31

With the AGM peak season arriving, TDCC has seen increased voting activities on its e-voting platform. In 2016, the ballots processed by TDCC e-voting platform and Shareholder E-voting App both reached historic highs.

This year, a total of 606 companies, accounting for 85% of the Taiex market cap, organized e-voting via TDCC's platform, indicating a sharp increase from 2015. 114 of them adopted TDCC's platform voluntarily. As of May 25, the platform had processed over 400k shareholder ballots, exceeding the full-year volume of 340k in 2015, and the figure is still on the rise. It seems that investors are now more familiar with and willing to use the e-voting platform, which helps facilitate the AGM progress, creating a win-win situation for both investors and company management.

TDCC launched the world's first e-voting app in 2015, allowing investors to vote on their mobile devices. This year, TDCC rolled out an upgraded version that combines securities order placement and e-voting. Investors can now place orders at 12 brokerages, including Yuanta, MasterLink, JihSun, E. Sun, SinoPac, Mega, President, Waterland, KGI, Fubon, Hua Nan and Capital, for share trading and participate in shareholder voting via the new app. As of May 25, 2016, a total of 165k shareholder ballots were casted via the e-voting app, an over 400% volume growth from just 40k in 2015, representing over 40% of the electronic vote of general shareholders in 2016 vs. 16% in 2015.

To encourage more local investors to make use of the e-voting platform, TDCC is launching a lucky draw program, with prizes worth over NT$2mn. Additional prizes are also reserved for Shareholder E-voting App users.