CipherLab’s (TWO: 6160) Board of Directors today adopted a proposal recommending distribution of NT$3.8 cash dividend per common share. The proposal will be discussed and decided at the Company’s annual shareholders' meeting scheduled for May 15, 2009.

Other important resolutions were also made during the board meeting:

1. Approved the 2008 Business Report and Financial Statements. Revenue for 2008 totaled NT$1,454 million and net income was NT$295 million, with earnings per share of NT$4.19

2. Approved Agenda items for 2009 AGM
(1). Report items
     A. Reported the business of 2008.
     B. Supervisors' review report.
     C. Reported execution of buy-back shares.
(2). Proposed Resolutions
     A. The 2008 Business Report and Financial Statements were submitted at the meeting for acceptance.
     B. A proposal to approve the distribution of 2008 profits.
     C. A proposal to approve revisions to the Articles of Incorporation.
     D. A proposal to approve revisions to the Procedures for Guarantee Endorsement.
     E. A proposal to approve revisions to the Procedures for Granting Loans.
(3). Special Motion