Eclat Textile (1476) AGM 2024 summary

Opening remarks and agenda

• Meeting commenced with a reading of the rules of procedure and confirmation of quorum at 94.37% attendance.

• Chairman welcomed shareholders and outlined the agenda, emphasizing efficiency.

Financial performance review

• 2023 saw significant economic changes post-pandemic, with revenue at NT$30.686 billion, a 22.54% decrease from the previous year.

• Operating profit was NT$6.364 billion, down 16.78%, and net profit was NT$5.176 billion, down 23.77%.

• EPS for the year was NT$18.87.

• 2024 outlook includes R&D in new fabrics, market expansion, digital transformation, and sustainability initiatives.

Board and executive committee updates

• Audit committee reviewed and approved the 2023 financial statements, which were audited and found compliant with regulations.