Dividend Policy

The Company and subsidiary have dividend payment policy at least 40 percent of net profits deducted with corporate income tax and legal reserves can be paid out and considered from the company’s separate financial statement. Annual dividends must be approved in shareholders’ meetings, while interim dividends can be approved by the board of directors and reported in the next shareholders’ meeting.

However, the company and subsidiary may select to pay out dividends at the rate lower than stipulated or omit the dividend payout depending on economic situations as well as the company’s and subsidiary’s operating results, financial positions, liquidity and the need for working capital for day-to-day business and future expansion.