The Company has a policy to pay dividends to shareholders at a rate of not less than 40.00% of the net profit based on the Company’s separate financial statements, after deduction of corporate income tax and allocation to all types of reserves as required by law and the Company’s Articles of Association. However, such dividend payment may be subject to change depending on necessity and other appropriate considerations as deemed appropriate by the Board of Directors, taking into account various factors primarily for the benefit of shareholders, including economic conditions, the Company’s operating results and financial position, financial liquidity, cash flow, reserves for business operations, business expansion and future investments, reserves for loan repayment or working capital, conditions and restrictions under loan agreements, and provided that such dividend payment does not materially affect the Company’s normal business operations.

In the event that the Company considers it appropriate to pay dividends, the Company shall comply with all relevant laws, regulations, rules, and notifications, with due consideration to the best interests of the shareholders. Annual dividend payments must be approved by the shareholders’ meeting, except for interim dividends, which may be approved by the Board of Directors from time to time when the Company has sufficient profits to do so. The Board of Directors shall report such interim dividend payment to the shareholders’ meeting at the next meeting.