Dividend Policy and Payment

Dividend Policy and Payment

The Company has a policy to pay dividends at the rate of not less than 30% of our net profits based on our standalone financial statements after deducting corporate income tax and any reserve funds as required by law and as determined by us, taking into account the consolidated financial statements, provided that the dividend payment shall not exceed our retained earnings based on our standalone financial statements. We cannot pay dividends if we have accumulated losses based on our standalone financial statements. The payment of dividends and dividend rates are subject to change, depending on our financial conditions, results of operations, cash flow, working capital, future investment plans and business expansion, as well as market conditions, legal requirements, debt obligations, conditions or restrictions imposed by financing agreements and other factors as deemed suitable and appropriate by our Board of Directors.