The company has a policy to pay dividends not less than 40% of the annual net profit based on the consolidated financial statements after deducting corporate income tax and allocating all types of reserves as stipulated by law and the Company’s regulation. The dividend payment may be lower than the above-mentioned rate due to various factors such as economic conditions, the Company’s operating results and financial position, cash flow, working capital, investment and expansion plans, debt obligations, conditions and restrictions stipulated in loan agreements, and other relevant considerations. The Board of Directors will carefully evaluate these factors.

In addition, annual dividend payments must be approved by the shareholders’ meeting, except for interim dividends, which the Board of Directors may declare from time to time if the Company has sufficient profits to do so. The Company will then report such interim dividend payments to the shareholders at the next meeting. In any case, the Company’s dividend payment must not contradict or conflict with the law.