The Company has a policy to declare dividend at least 50% of its net profits from the Company’s Financial Statements subject to statutory reserves and availability of cash and in accordance with the relevant regulations and conditions of its credit facilities.
There has been no dividend payment since the establishment of the Company until the Year 2015 because the Company still has an accumulated loss. Pursuant to the law, if the Company still has an accumulated loss, no dividend shall be distributed. However, in the Year 2015, the Company has eliminated the deficit of the Company to prepare the Company to declare dividend when the Company has net profit and cash flow.
For the dividend policy of subsidiary companies, Board of Directors will consider the dividend payment from the balance of cash flows taking into account the capital expenditure requirements. Subject to the availability of cash flows and a legal reserves, the Board of Directors shall consider the payment of dividends on a case-by-case basis.