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ITD: Resolution of the BOD
Innovative Technology Development Corporation (ITD Corporation) announced the resolution of the Board of Directors on February 17, 2012:
Article 1: The Board of Directors approved the financial statements of Quarter 4/2011.
Article 2: The Board of Directors approved to organize the 2012 Annual General Meeting of Shareholders on April 21, 2012.
Article 3: The Board of Directors approved to submit the following issues to the General Meeting:
- Dividend payment for 2011: 12%, in cash
- A virtual stock option plan (VSOP): 1% (equivalent to 127,696 virtual shares)
Article 4: The Board of Directors approved to amend the Corporation’s Regulation.
Article 5: The Board of Directors approved to delay the 2011 ESOP.
Article 6: The Board of Directors approved the list of ITD’s representatives in subsidiaries.
Article 7: Members of the Board of Directors, the Senior Management, related departments and staff have responsibilities for the implementation of this resolution.
Article 8: The CEO has responsibility for announcing information to the public.
Article 9: The effective date of this resolution is February 17, 2012.
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