Not less than 50 percent of the net profit on separated basis after deduction of tax, legal reserve and other reserves (if any). However, the dividend payment is discretionary of Board of Directors based on the Company’s necessities (i.e. reserve for debt repayment, business expansion, working capital of Company and subsidiaries). The dividend payment shall not exceed the retained earnings of the Company based on separated basis and relevant law and regulation.
As holding company with major assets of investments in subsidiaries, the dividend payment capability is depend primarily on the performance of its subsidiaries.