Dividend policy as outlined in the Company’s Articles of Incorporation.
The general final accounts shall be distributed according to the following order in case of surplus:
① Income tax obligation.
② Offsetting accumulated deficits, if any
③ Set aside 10% as legal reserve. However, when the legal reserve amounts to the authorized capital, this shall not apply.
④ Set aside or reserve special reserve in accordance with law and regulations.
⑤ In combining the balance with the accumulated undistributed surplus of the previous period, the Board shall prepare a proposal for earnings distribution and submit it to the shareholders’ meeting for a resolution distributing dividends to shareholders. To adhere to the principle of sustainable operation, the Board of Directors shall, pursuant to the Company Act and the Company’s Articles of Incorporation, make the dividend distribution proposal (including cash and share bonus) annually prior to the shareholders’ meeting based on the Company’s operation, financials and capital planning. At least 20% of the dividends must be paid in the form of cash.