Divided Payout Policy of the Company and Subsidiaries
The Company and its subsidiaries have a dividend payout policy to shareholders of at least 40% of consolidated net profit after tax and deducting the legal reserve specified by law or Articles of Association of the Company. Nonetheless, the consideration of a dividend payout shall depend on the Company’s performance, financial position, cash flow, contractual obligations (i.e. loan payments), working capital, investment plans, general economic situation, and related factors as deemed appropriate by the Board of Directors and when in compliance with the laws & regulations. The Company’s annual dividend payout must be approved from the Shareholder’s Meeting with the exception of interim dividend payout in which the Board of Directors may approve from time to time when the Company and its subsidiaries have sufficient profit to do so. The interim dividend payout will be reported at the next Shareholder’s Meeting.