Policy on Dividend Payment of the Company and the subsidiaries
For sustainable growth, the Company has set divided policy to be not less than 35 percent of net income after tax of the separate financial statements. However, in case the Company still suffers accumulated loss, it will be not able to pay dividend as specified in its Articles of Association. In addition, subject to the Company’s regulation on rights and duties of the debenture issuer, the Company can pay dividend in the amount of not more than 60% of the net profit of such particular year.
Nevertheless, the Board of Directors may pay interim dividend to shareholders from time to time if deemed appropriate that the Company’s profit is sufficient to do so, and report to the subsequent meeting of shareholders for acknowledgement. Nevertheless, the Company has set up condition in maintaining the conditions for making dividend payment according to the Loan Agreement, that is, the Company shall not pay dividend, be it interim or annual dividend, or distribute any benefit or remuneration to any or all shareholders by any means or method unless all of the following events take place in a complete manner:
For the subsidiaries, there is no certain policy regarding dividend payment, it depends on the operational result of each company each year.