Dividend Policy and Payments

The Company has a policy to pay dividends to shareholders at a rate of not less than 40 percent of the net profit after corporate income tax and reserves as specified by laws and Company’s Articles of Association. The payments of such dividends may be subject to change depending on other necessities and suitability as the Board of Directors deems appropriate.

However, the annual dividend payment shall be approved by the Shareholders’ Meeting, except for the interim dividend payment which can be approved by the Board of Directors and shall be reported to the Shareholders’ Meeting for acknowledgement in the next meeting.