Core Viewpoint - TSMC has considered converting its common stock to ADR but currently does not plan to do so due to concerns about the impact on ADR prices and local stock performance [1] Group 1 - During the shareholders' meeting, a shareholder raised concerns about TSMC's local stock performance lagging behind ADR returns [1] - TSMC's CFO, Huang Ren-chao, stated that the company is continuously monitoring market conditions and may revisit the idea of converting to ADR if the market stabilizes [1] - The company has requested investment banks to conduct research on the market situation [1]