Dividend Policy and Payment

The Company and its subsidiaries' policy is to pay dividends to shareholders of no less than 40% of net profit from separate financial statements of the Company or its subsidiaries after deduction of corporate income tax and statutory reserve. However, the Company and its subsidiaries may consider dividend payment at a rate which varies from the above, taking into account operating performance, financial position, liquidity, need for working capital, business expansion plan, and other factors relating to business management as deemed appropriate. Dividend payment shall be considered and approved in the shareholders’ meeting. However, the Board of Directors may declare interim dividend payments, which will informed to shareholders in the next shareholders’ meeting.