Company Dividend Policy

The Company has a policy to pay dividends to shareholders at a rate of no less than 50% of the net profit in the Company's consolidated financial statements, after the deduction of corporate income tax and all reserves as defined by the laws and the Company each year. The Board of Directors will consider a dividend payment based on the consideration of various factors for the primary benefit of shareholders. These factors include economic conditions, operation results, the financial status of the Company, cash flow, reserves for future investments, reserves to repay loans or as working capital within the Company. The terms and conditions specified in the loan agreement and the dividend payment does not significantly affect the normal business operations of the Company as deemed appropriate or suitable by the Board of Directors.

The Subsidiaries Dividend Policy

The subsidiary companies have a policy to pay dividends to shareholders at a rate of no less than 50% of the Company’s consolidated financial statements, after the deduction of corporate income tax and all reserves as defined by the laws and the subsidiary each year. The subsidiaries’ Board of Directors will consider dividend payment based on various factors for the primary benefit of shareholders. These factors include economic conditions, the results of operations, the financial status of the subsidiary, cash flow, reserves for future investments, reserves to repay loans or as working capital within the subsidiary. The terms and conditions specified in the loan agreement contract and the dividend payment does not significantly affect the normal business operations of the subsidiary as deemed appropriate or suitable by the Board of Directors of the subsidiary.