Delta places great importance on shareholder rights and interests. We have a team dedicated to communicating the company's results and long-term strategic direction to investors. Our goal is to provide outstanding service to investors, analysts, investment organizations and the media.
The most important aspect of Delta's investor services is information disclosure. In recent years we have devoted a great deal of resources to ensuring that information disclosed is complete, in-time, fair, and transparent. With the parent company Delta Electronics for example, not only are all announcements on the Taiwan Stock Exchange issued in a timely manner, but our Chairman's report to shareholders, financial statements, corporate governance regulations, share price and dividend information, as well as the content of analyst meetings are all available for download on Delta's website. Most of these are in both Chinese and English for the benefit of local and foreign investors. For the company's annual report, we continue to improve the content and layout every year. Our efforts were recognized by an "A+ " rating by the Securities and Futures Institute's "Information Transparency and Disclosure" report in 2007, up from an "A" in 2006. Just twelve TSE listed companies received the "A+ " rating in 2007 and Delta Electronics was the only large electronics company among them.
Additionally, Delta hosts analyst meetings on a regular basis where we announce and explain each quarter's consolidated financial data, business performance, and future plans. These meetings are webcast live over the Internet. As foreign investors hold the greater part of all Delta shares, communicating with foreign investors is especially important to us. We participate in a wide range of investment forums each year and visit foreign shareholders directly in Asia, Europe and America. Apart from providing them with updates on the company's operations, we also welcome constructive feedback on our operations, finance and governance. At the same time, Delta welcomes visits from local and foreign investors. We hold more than 300 meetings or conference calls with investors each year, and on occasion we arrange for investors to tour our Dongguan and Wujiang factory sites.
Individual shareholders are just as important to us as institutional investors. In addition to having staff dedicated to answering in detail inquiries from individual shareholders, we also actively respond to questions and suggestions raised by shareholders at the annual shareholder meeting. These suggestions have included improving the content of the annual report as well as providing bilingual briefings in analyst meetings.
Our efforts have resulted in professional investment institutions increasing their stake in Delta Electronics shares over the past few years, and now the percentage of their shareholding in Delta is one of the highest among Taiwanese companies. Delta Electronics' share price and market value have, as a result, continued to rise. This has not only boosted our competitiveness in the capital market, but has also delivered improved returns for our shareholders' investment (please see the charts). Our goal is to deliver even better performance so that the efforts of everyone at Delta Electronics are combined with the recognition from investors to create maximum value. |