Dividend Policy and Payment

DIVIDEND POLICY OF THE COMPANY

The company policy entails annual dividend payments of no less than 40% of the net profit of the separate financial statements, after deducting corporate income tax and various types of reserves required by law and the regulations of the company. The said dividends will not have a significant impact on the normal operations of the company. However, payment of such dividends is dependent on the company’s performance, financial status, investment plans, and other factors related to the management of the company. Annual dividend payments under the aforementioned policy must be approved by the company’s board of directors and must be presented for approval at a shareholders’ meeting accordingly. Except for interim dividend payments that coincide with the policy, they must be approved by the board of directors who shall report the payments to the next shareholders’ meeting.