SYNNEX, the world's second largest high-tech distributor, announced its 2019 financial statements, in which net income was the second highest in history at NT$6.82 billion and EPS reached NT$4.09. If the income from sale of Synnex stock in the US in 2018 is deducted, profits significantly grew by 16%. SYNNEX profits and EPS were both the highest in the past eight years. The Board of Directors decided to distribute NT$2.6 in dividends, which is a yield reaching 7.7% based on the closing price in recent days.

　　SYNNEX is the first service provider to become a public company in Taiwan, and has faced business challenges brought by the Asian Financial Crisis, Dotcom Bubble, and 2008 Financial Crisis since its establishment. SYNNEX has continued to grow through its multi-product, multi-brand, multi-channel, and multi-market strategy of "Steady． Continuous． Growth," and has never suffered a loss in the 31 years since its establishment. Currently, overseas revenue accounts for over 80% of SYNNEX's overall revenue, putting it on the list of companies with stable profits in the eyes of long-term investors. Its profits reached a new high under its "lean" strategy in 2019.

　　With regard to the Company's dividend policy, Evans S.W. Tu, President of SYNNEX, pointed out that SYNNEX has made a profit every year in the 31 years since it was established, and achieved an EPS of at least NT$2 even in the most difficult environment. SYNNEX retained a higher ratio of profits in some years to improve its financial structure. The Company has decided to adopt separate capital raising and dividend policies. If the Company needs to increase its capital due to business growth or merger and acquisition, it will independently seek to raise capital without affecting dividend distribution. Therefore, SYNNEX will adopt the policy of "stable dividends," allowing its shareholders to gain stable long-term income from high dividends. Evans S.W. Tu specially thanked long-term shareholders for their support.

　　With regard to the COVID-19 outbreak, Evans S.W. Tu believes the pandemic will impact global economic growth, but has a relatively mild impact on the IT industry. Due to the agile connections between the IT product supply chain's upstream, midstream, and downstream, even when certain links in the chain are temporarily disconnected due to suspension of transportation or personnel unable to return to work, the supply chain is able to rapidly recover. As long as the duration impacted is within two months, current inventory is able to meet market demand. IT products have rigid demand, and even though new applications brought by digital transformation and the IoT have caused changes in the demand on different products, the outlook on overall output value is positive.

　　SYNNEX does business in 38 countries and regions around the world, and sells a wide variety of products. Even if a few products, brands, or countries are more severely impacted, they do not account for a significant percentage of SYNNEX's revenue. Therefore, he believes that the impact of COVID-19 on SYNNEX's business to be only short-term, and he remains optimistic about business in 2020. SYNNEX will continue to implement the strategy of being "lean" and "agile" in 2020, and will actively invest in the development of operational mechanisms and global channels, so as to seize market opportunities.