Policy of Dividend Payment of the Company
The Company has the policy to pay dividends to shareholders at the rate of not less than 40 percent of net profit after tax on the basis of standalone financial statements and after legal reserves as defined by the laws and the articles of association. The said rate of dividend payment may be changed. Payment of dividends is subject to the Company's financial conditions, operating results, liquidity, cashflow, working capital required for business operation and reserves for business expansion, economic conditions, conditions and restrictions provided under relevant agreements and other factors in relation to business operations of the Company as deemed appropriate by the Board of Directors and/or the shareholders of the Company.
The annual dividend payments must be approved at the Shareholders’ Meeting. However, the Board of Directors has the authority to approve an interim dividend payment on a periodical basis when the Board of Directors believe that the Company has sufficient profits to do so and will report such payments to the shareholders at the following Shareholders’ Meeting.
