Dividend Policy and Payment

Dividend Policy

The Company has a dividend policy to pay dividend distributions to shareholders at least 50 percent of its net profit based on the Company’s separate financial statements after deductions of corporate income tax and allocation of all types of reserves in accordance with the Company’s Articles of Association and applicable laws. The dividend distributions to be made shall not exceed the Company’s retained earnings as appeared in the separate financial statements. Dividend payment shall be made by taking into consideration relevant factors such as the Company’s financial position, operating results, cash flow and the ability of the Company’s subsidiaries to make dividend payments including the projected capital requirements for future growth, economic conditions, possible impacts from external factors on the operations of the Company and such other considerations as our Board of Directors may consider appropriate.

After the Board of Directors’ resolution on approval for the annual dividend payment, the Board of Directors shall propose to shareholders’ meeting for its approval on such payment, except for interim dividend payment which the Board of Directors has authority to approve from time to time when deemed that the Company has appropriate profits. The interim dividend payment will then be reported at the next shareholder meeting.

Moreover, the Company deemed it appropriate to determine the interim dividend payments for the year 2021 in June, September, and December respectively.

Board Date X-Date Payment Date Dividend Type Dividend
Operation Period
17/02/22 19/04/22 05/05/22 Cash Dividend 0.65 01/01/21-31/12/21
08/11/21 19/11/21 07/12/21 Cash Dividend 1.25 01/04/21-30/09/21
10/08/21 23/08/21 07/09/21 Cash Dividend 1.25 01/04/21-30/06/21
12/05/21 27/05/21 10/06/21 Cash Dividend 1.50 01/01/21-31/03/21
16/02/21 12/04/21 28/04/21 Cash Dividend 2.00 01/01/20-31/12/20
13/11/20 27/11/20 09/12/20 Cash Dividend 1.25 01/01/20-30/09/20
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