Dividend Policy & Payment

Dividend Policy of the Company

The Company has a dividend payment rate of not less than 60% of the net profit from the separate financial statements after the corporate income taxes and all types of reserves in compliance with related laws and regulations of the Company taking into account performance, financial liquidity, cash flow, financial status, necessary revolving fund for business management and expansion, economic condition and other factors as considered appropriate by the Board of Directors.

However, the dividend rate must be approved by the shareholders’ meeting except for some occasional payment of interim dividend which can be approved by the Board of Directors when the Company has sufficient profit to do so.

Dividend Policy of Subsidiaries

Payment of dividend of the subsidiaries are approved by the Board of Directors and/or shareholders’ meeting of each company taking into account performance, financial liquidity, cash flow, financial status, necessary revolving fund for business management and expansion, economic condition and other factors as considered appropriate by the Board of Directors and/or shareholders’ meeting.

Upon the dividend payment of each subsidiary, to comply with corporate governance, transparency and verifiability, the representative of the Company who is director in the subsidiary will make a report on the dividend payment to the following Company’s meeting.