Company code:1102
No:5
Subject:Major resolution of the 1st meeting of the 23rd term
@of the BOD of ACC
To which item it meets--article 2 paragraph xx:48
Date of events:2008/06/17
Contents:
1.Date of occurrence of the event:2008/06/17
2.Company name:Asia Cement Corporation.
3.Relationship to the Company (please enter "head office" or
  "affiliate company"):Head office.
4.Reciprocal shareholding ratios:Not applicable.
5.Cause of occurrence:
@A.To elect Chairman.
@B.To set the ex-dividend date for distribution of cash dividends,
@the ex-right date for capital increase, and 
@the closing date for stock transference.
@C.To indirectly invest Jiangxi Yadong Cement Co., LTD.
@USD33,250,000 via the capital owned by
@Asia Cement (China) Holdings Corporation.
@D.To indirectly invest Sichuan Yadong Cement Co., LTD.
@USD35,000,000 via the capital owned by
@Asia Cement (China) Holdings Corporation.
@E.ACC will issue 58th(unsecured)ordinary corporate bond NT$2 billion.
6.Countermeasures:
@A.To elect Chairman:
@(1)The 23rd Term of the Board of Directors of ACC has been elected for
@ a term of three years in the shareholders' meeting on 17th June, 2008. 
@(2)According to the Article 17 of ACC corporation, Chairman must be elected 
@among directors.
@(3)All present directors elected Mr Douglas Tong Hsu as Chairman. 
@B.To set the ex-dividend date for distribution of cash dividends,
@the ex-right date for capital increase, 
@and the closing date for stock transference:
@(1)The distribution of cash dividends and
@stock dividends from appropriable retained earnings of 2007
@at NT$2.4 per share and NT$0.6 per share respectively
@have been resolved by the regular shareholders' meeting on 17th June, 2008.
@Further, the proposal, to allocate NT$1,640,814,510 from retained earnings
@for dividing into 164,081,451 shares at a par value of NT$10,
@has come into effect. 
@(2)Monday, 25th August 2008 is set as the ex-dividend/right
@date and in accordance with the rules,the closing date of
@stock transference shall be due within 5 days(i.e. 21st-25th, August.)
@Further, every 1000 shares would be entitled to 60 new shares
@according to the shareholder roll by the ex-dividend date on
@a pro rata basis of the number of their shares.
@(3)The cash dividends would be distributed on Wednesday, 24th September 2008.
@C.To indirectly invest Jiangxi Yadong Cement Co., LTD.
@USD33,250,000 via the capital owned by
@Asia Cement (China) Holdings Corporation:
@This proposal has obtained the unanimous consent
@of all present directors, who entitle Chairman or his appointed agent
@to manage relevant businesses.
@D.To indirectly invest Sichuan Yadong Cement Co., LTD.
@USD35,000,000 via the capital owned by
@Asia Cement (China) Holdings Corporation:
@This proposal has obtained the unanimous consent
@of all present directors, who entitle Chairman or his appointed agent
@to manage relevant businesses.
@E.ACC will issue 58th(unsecured)ordinary corporate bond NT$2 billion:
@This proposal has obtained the unanimous consent
@of all present directors, who entitle Chairman or his appointed agent
@to manage relevant businesses.

7.Any other matters that need to be specified:N/A.