Dividend Policy and Payment

The Company’s dividend payment policy is at a rate of not less than 40% of its net profit based on the separate financial statements after deduction of corporate income tax and all kinds of reserves as stipulated by laws and regulations of the Company. However, the dividend payment may be subject to the Company’s turnover, financial liquidity, need of working capital for management, and future business plan as the Board of Directors deems appropriate. The payment of annual dividends must be approved by the shareholders’ meeting. The Board of Directors may approve interim dividend payment if the Board deems that the Company’s profits justify the payment and do not affect the performance of the Company. The report on such interim dividends shall be informed at the next shareholders’ meeting.