The Company has a policy to pay dividends of no less than 20% of the net profit from its separate financial statements, after deducting corporate income tax and allocating the reserves as specified by law and the Company's regulations.
However, the Company may consider withholding dividend payments when the Company believes there is high potential for revenue growth and profitability accordingly. Since the Company's business requires substantial capital, refraining dividends during periods of such high growth potential can create long-term value for shareholders more effectively than dividend distribution.
The aforementioned dividend payment policy may be subject to change based on necessity and other considerations deemed appropriate by the Company’s Board of Directors. Such considerations include the Company’s operating performance, financial liquidity, cash flow, financial position, the need for working capital to manage and expand the business, economic conditions, and other relevant factors in the future.
Annual dividend payments must be approved by the shareholders. However, in the case of interim dividends, the Company's Board of Directors may approve such payments from time to time when it deems that the Company has sufficient profits to do so. Such interim distributions shall be reported to the shareholders at the subsequent shareholders' meeting.