Dividends

Dividend Policy

The company will continue to expand its scale and increase profitability, taking into account the operational investment environment and capital needs, while considering the interests of shareholders and capital adequacy. The company adopts a residual dividend policy.

Profit Distribution Conditions and Timing

If there is a profit after the annual final accounts, it should first be used to make up for losses, pay taxes, and then allocate 10% to the statutory surplus reserve. However, if the statutory surplus reserve has reached the total capital, this limit does not apply. As needed, special surplus reserves may also be allocated or transferred. The remaining balance, plus undistributed earnings from previous years, forms the distributable earnings. The company's earnings may be distributed in the form of cash dividends or stock dividends, with cash dividends being the priority. However, stock dividends may also be distributed. The distribution of shareholders' dividends for the year shall account for 10% to 80% of the distributable earnings for the year, with the proportion of cash dividends not being less than 10%. When the company distributes all or part of the dividends and bonuses in cash, the board of directors shall make a resolution in accordance with Article 240, Paragraph 5 of the Company Law and report to the shareholders' meeting. When the company distributes all or part of the statutory surplus reserve or capital reserve in cash, the board of directors shall make a resolution in accordance with Article 241 of the Company Law and report to the shareholders' meeting.