Dividend Policy and Payment

Dividend Policy

The dividend payment policy of the company enables the board of directors to consider the distribution of annual dividends, subject to the approval of the shareholders' meeting, except for interim dividends which the board has the authority to approve on an occasional basis, provided the company has sufficient profits to do so. Such interim dividends must be reported to the shareholders at the subsequent meeting.

The company has a policy to distribute dividends to shareholders at a minimum of 40.00% of the net profit after corporate income tax and after deduction of all types of reserves mandated by law and the company’s regulations in each year. In determining the distribution of dividends, the board of directors will consider various factors primarily for the benefit of the shareholders, such as economic conditions, operating results, financial status of the company, cash flow, reserves for future investments, reserves for debt repayment, or as working capital within the company. Conditions and limitations as specified in the loan agreements and the payment of dividends should not significantly affect the normal operations of the company, as deemed appropriate or suitable by the board.