It is the Company’s policy to pay dividend to shareholders in a proportion that is no less than 50% of net profit after income tax and contingency fund by law and other fund (if any). However, dividend payment is subject to change depending on overall operation, financial status, liquidity, business expansion, necessity of revolving fund in operation, investment plan and future business expansion, market condition, appropriateness and other factors which concern the Company’s operation and management. It is under the condition that the Company must have adequate cash in business operation and that operation will cause best interest to shareholders as the Board of Director and/or shareholders see as appropriate.

Accordingly, the Board of Directors’ resolution of dividend payment approval must be presented shareholders for approval except interim dividend which the Board of Directors has authorization to approve and report to shareholders in the next meeting.