Dividend Policy :
If there is any surplus in the Company’s annual final accounts, the Company shall first pay taxes and make up for accumulated losses over the years, and then set aside 10% as the statutory surplus reserve; except when the statutory surplus reserve has reached the Company’s total capital. The special surplus reserve shall be allocated or converted according to laws or regulations of the competent authority. Any remaining surplus will become the undistributed earnings. The Board of Directors may prepare a proposal for its distribution, the proposal shall be submitted to the shareholders meeting for resolution before the distribution.
The Company’s dividend policy takes into consideration factors such as current/future development plan, investment environment, capital needs, and domestic/overseas competition, as well as shareholders’ interests. Accumulated distributable earnings may be retained or distributed as stock dividends or cash dividends. The issuance of cash dividends may not be lower than 10% of the total common stock dividends.
