The Company intends to pay dividend at the payout ratio of no less than 50.00 percent of the annual net profit after deduction of tax, legal reserve fund, and other types of reserve funds in accordance with the Company’s financial statements. However, the dividend payment must not affect the firm’s operation, financial status, liquidity, investment plan, any other necessities and factors deemed appropriate to the business operation by the Board of Directors. The dividend payment must be done in a manner that ensure optimal benefits to all shareholders.
The decision to declare and pay annual dividend must be declared and approved at the shareholders Annual General Meeting upon the recommendation of the Company’s Board of Directors. In the case of interim dividend, the Board of Directors may in its discretion declare an interim dividend based upon profits arrived at an appropriate level that would allow the Company to distribute surplus funds from its distributable profits and/or reserve funds without affecting the Company’s operation and publicly communicate to the shareholders in the subsequent shareholders meeting.
The paying of interim payment is determined by the Company’s Board of Directors and is subject to change depending on the business operation, financial status, liquidity, investment plan, any other necessities and factors deemed appropriate to the future business operation by the Board of Directors.
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