Lite-On Technology (2301.TW) today held its 2017 annual general meeting, during which the shareholders approved the distribution of a NT$2.92 cash dividend per common share. The payout ratio and cash dividend yield are 72% and 5.8% respectively, in line with the company’s high and stable divided policy. Despite many challenges and changes in global economic environment and technology industries in 2016, Lite-On not only overcame the challenges, but also showed a positive growth and received wide recognition from global institutional investors with the dedication of all colleagues and optimized steady operations after the Group's nine-in-one integration. In 2016, Lite-On’s annual consolidated sales were NT$229.57 billion, up 6%Y/Y while net profits were NT$9.42 billion, hitting a record high since 2002 with EPS of NT$4.05, up 30% Y/Y, also hitting a record high for six years.
     "Lite-On aims to become a centenarian corporation, and the key is the long-lasting values created by the Company to clients and societies. IT industry is in the transition of paradigm shift and the traditional contract manufacturing mode of high volume with low mix is diminishing. The industry and product life cycles have been drastically reduced. Nowadays, IT and traditional industries are starting to transform by linking the IoT trend, which forcing the electronics industry towards transformation and upgrade. Lite-On is no exception. The aim for Lite-On's transformation is to increase profitability; this signifies not only changes in the business model or product portfolio, but also an ability to continually generate optimized profitability to ensure Lite-On's sustainability” said Mr. Raymond Soong, Lite-On Chairman.
     Lite-On focuses on IoT applications including cloud computing, LED lighting, automotive electronics, biomedical technology, and industrial automation as its five key areas of transformation. Among which, cloud computing, high-end camera modules, and LED/ lighting have entered a mature phase with over 30% share of Lite-On’s total annual revenue. In 2016, Lite-On's LED optoelectronic development were successfully adopted in IoT-related solutions, such as vehicle lighting, smart manufacturing, wearable devices, smart homes, and smart healthcare etc. Leotek lighting business unit successfully won the tender for LED street lights in Jordan, which gained market opportunities for energy-saving LED street lights in the Middle East. Skyla®HB1, the fully-automated clinical chemistry analyzer developed by the Medical and Biotech business unit received CFDA certification in China. The business unit also launched a new product, the skyla® Hi, a POC immunoassay analyzer, which only requires a minimal amount of blood from a fingertip for rapid testing of HbA1c in diabetes patients. In addition, the Medical and Biotech business also established the first overseas biotech R&D center in Singapore as a means to develop highly competitive point-of-care products. In order to support client operations, Lite-On and the Export Processing Zone Administration, MOEA jointly launched the first land turnover renewal project in the Nantze Export Processing Zone, in preparation for the expansion of the Automotive Electronics business and other new business developments.
     Nationally, Lite-On has been awarded "Corporate Citizen Award" of CommonWealth Magazine for the tenth year in a row (2007~2016), Taiwan Corporate Sustainability Report Award for six consecutive years, and a total of nine CSR Awards from Global Views Magazine since 2005. Internationally, Lite-On has been selected as a member of "Dow Jones Sustainability Indices (DJSI) for sixth consecutive year since 2011, included in the composition of MSCI Global Sustainability Indexes for three consecutive years since 2014, and ranked as "1st in Taiwan and 3rd in Asia" on Channel NewsAsia Sustainability Ranking. Moreover, Lite-On was ranked as the industry Leadership in Information Technology sector and the Technology Hardware Equipment by Carbon Disclosure Project (CDP) after named one of the Leading Companies in CDLI for two Consecutive Years in 2014-2015. Thanks to its transparent information disclosure, Lite-On was listed on the top 5% companies by the Corporate Governance evalsuation System of Taiwan Stock Exchange in 2016.

Press Contact:
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Senior Director of IR/PR
+886-2-8798-2888
LiteOnTech.IR@yizhaojr.com