Dividend Information

 The company may distribute profits or make up losses after the end of each half of the fiscal year in accordance with the provisions of the Company Law. When distributing surplus, it is necessary to estimate and retain the tax payable, make up losses according to law, and set aside the statutory surplus reserve.

However, this is not the case when the statutory surplus reserve has reached the paid-in capital. If the distribution of surplus in this item is distributed in cash, it shall be handled by a resolution of the board of directors; when it is done by issuing new shares, it shall be handled by a resolution of the shareholders’ meeting in accordance with regulations.

In addition to paying all taxes and making up for previous years’ losses according to the law, the company’s earnings from each final account should first deposit 10% of the balance as the statutory surplus reserve and other special surplus reserves that should be reversed or appropriated according to regulations, and then The cumulative undistributed earnings of the previous year are added to the accumulated distributable earnings, and the distribution proposal is proposed by the board of directors and submitted to the shareholders’ meeting for resolution.

The company’s dividend policy will be based on the surplus situation, considering the current and future development capital needs and taking into account shareholders’ interests and other factors. The principle is not less than 50% of the distributable surplus, and the proportion of cash dividends is not less than 50%. However, if the industrial environment changes or the company’s business planning requires it, the board of directors can also submit a resolution to the shareholders’ meeting for adjustment.