Dividend Policy and Payment

Such dividend payments may be subject to change depending on the Company’s operating results, liquidity, cash flow, and financial status, conditions and restrictions on dividend payment as stipulated in loan agreements, debenture agreements, or other relevant agreements obliged by the Company (if any), future business plans, and the necessity for investments, including other factors as the Board of Directors deems appropriate. The Board of Directors may consider reviewing and amending the dividend payment policy from time to time to comply with the Company’s operational plans.

The annual dividend payment must be approved by the shareholders’ meeting, except for the payment of interim dividends which may, from time to time, be approved by the Board of Directors when the Board of Directors deems that the Company has reasonable profits to do so and report to the shareholders’ meeting for acknowledgment in the next shareholders’ meeting.

n respect of dividend payment of the Company’s subsidiaries, the Company currently does not have any subsidiary. However, to support the Company’s future business expansion, the Company has set that consideration on dividend payment by subsidiaries shall be subject to the approval of the shareholders’ meeting of each subsidiary by considering operating results, liquidity, cash flow, and financial position of each subsidiary, conditions, and restrictions on dividend payment as stipulated in loan agreements, debenture agreements or other relevant agreements obliged by each subsidiary (if any), future business plans, and the necessity for investment, including other factors as the board of directors of each subsidiary deems appropriate. The exception is an interim dividend payment which may, from time to time, be approved by the board of directors of each subsidiary when the board of the shareholders’ meeting.