National Securities Corp. emphasizes stable operations amidst board re-election dispute

Central News Agency

(Central News Agency reporter Su Ssu-yun, Taipei, April 14) National Securities Corp. (NSC) is facing an over-nomination situation for its board re-election this year. In response to recent news regarding management rights disputes, NSC stated today that its long-term total shareholder return (TSR) remains in the top tier of the financial holding industry. The company's shareholder structure includes diverse professional backgrounds, forming a mutual supervision mechanism. NSC adheres to the core value of stable operations, focusing on improving operational performance.

The deadline for board nominations at NSC this year was 5 PM on April 7. According to public information, there was an over-nomination, with 25 nominees vying for 15 board seats. NSC will review and announce the list of board candidates this Thursday (16th), with the shareholder meeting for board elections scheduled for May 29.

NSC stated in a press release today that its financial holding company has maintained stable long-term profitability. It recently announced its unaudited financial results for January to March this year, with after-tax net profit growing by 123.34% compared to the same period last year. Regarding recent market reports on the company's management rights, NSC emphasized its commitment to stable operations and deemed it necessary to inform all investors and shareholders about the company's current situation. It provided five points regarding its long-term development achievements.

First, NSC pointed out that its long-term total shareholder return (TSR) remains in the top tier of the financial holding industry, and it maintains a stable cash dividend policy. Although it does not yet possess the large business engines of commercial banks and insurance companies, its average earnings payout ratio over the past five years has remained high. NSC has maintained stable profitability for over a decade, never incurring losses. Its unaudited after-tax net profit for March 2026 was NT$205 million, and its cumulative after-tax net profit for the first three months reached NT$890 million, a significant increase of 123.34% year-on-year, with earnings per share (EPS) of NT$0.25.

NSC stated that in terms of corporate governance and sustainable development, it continuously refines its governance structure and information transparency. Over the years, it has consistently performed excellently in the Taiwan Stock Exchange's Corporate Governance Evaluation and has received high recognition from domestic and international professional institutions.

NSC explained that its core subsidiary, International Bills Finance Corporation, was established in January 1977, jointly funded by public banks. In November 2007, public shares were sold, and the company was fully privatized after the government's second financial reform policy. With nearly 50 years of operation, it has long cultivated the money market and bond market, serving as an important bridge for the central bank's monetary policy transmission.

NSC further noted that International Bills Finance Corporation, as a leading enterprise in the bills finance industry, has achieved outstanding operational performance, twice winning the "Best Bills Finance Company Award" from the Taiwan Academy of Banking and Finance. In recent years, it has actively responded to national energy policies and committed to sustainable financial development.

NSC stated that it is one of the very few financial holding companies in Taiwan with a diversified and balanced shareholder structure that actually implements the policy of separating industry and finance (all individual private shareholders do not exceed 10%). Due to the diverse professional backgrounds and management philosophies of its shareholders, various parties actively participate in decision-making based on shareholder activism, forming a strong mutual supervision mechanism.

NSC pointed out that under the strict mutual supervision of diverse shareholders, the company implements information disclosure and transparency, ensuring governance quality. It has consistently ranked among the top in the Taiwan Stock Exchange's "Corporate Governance Evaluation" over the years and has received the highest AAA rating from the Taiwan Index Company (TIP) for sustainable evaluation, fully demonstrating the positive benefits brought by a diversified shareholder structure, making it Taiwan's most transparent financial holding company.

NSC emphasized that it has always maintained an open attitude, building consensus through institutionalized governance mechanisms. The board of directors allows all shareholders to express their opinions freely. Although meetings may be lengthy, diverse opinions can be transformed into management wisdom, ensuring the company's long-term development and balancing the interests of all shareholders. It will continue to uphold the core values of "stable operations, integrity governance, and sustainable development," focusing on its main business to improve operational performance. (Editor: Pan Yi-ching) 1150414

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