The 19thmeeting of the 17thBoard of Directors of China Steel Corporation (CSC) was held on February 25, 2022. Major resolutions were:

1.Appropriation of distributable earnings for 2021
The meeting proposed to appropriate NT$1.4 and NT$1.7 per share for dividends and bonuses respectively, totaling NT$3.1 per share of preferred stocks; NT$3.1 per share for dividends of common stocks. (The earnings per share was NT$4.02, and the dividend payout ratio was 77% in 2021) (Based on the CSC's average closing price per share of NT$33.25 in 2021, cash dividend yield was 9.32%) The above proposal will be submitted to the stockholders' meeting for recognition on June 17, 2022.

2.Date and venue for CSC's 2022 shareholders' meeting
Date: June 17, 2022 (Friday) 9:00 a.m.
Place: CSC (No.1, Zhonggang Rd., Xiaogang Dist., Kaohsiung City, Taiwan)
Date and place for accepting stockholders' proposals
Date: April 11-20, 2022
Place: China Steel Building (No.88, Chenggong 2nd Rd., Qianzhen Dist., Kaohsiung City, Taiwan)

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CSC - China Steel Corporation published this content on 01 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 08:57:05 UTC.