Dividend policy and implementation status
The Company’s dividend policy is based on the following guidelines:
The Company’s dividend policy is determined by the Board of Directors based on its operational planning, investment plans, capital budgets, and internal and external environmental changes. The Company’s business is currently in a growth stage, the earnings shall be held to respond to funds required for operational growth and investments. Currently, the Company adopts the minimum cash dividends plus additional dividends. The principles of distribution of earnings are as follows:
The earning distribution is based on the principle of not less than 40% of the unappropriated retained earnings for the current year. Considering future profits and growing demand on funds, for the distribution of stock dividends and cash dividends, the distribution of cash dividends shall not be less than 10% of the dividends distributed in the current year. If the total earning distribution exceeds 30% of the paid-up capital before the distribution, the cash dividend shall not be less than 20% of the dividends distributed in the current year.
|Year||Cash Dividends||Stock Dividends||Ex-Dividend /Ex-Rights Date||Record Date||Payment Date||The Date of Shareholders’
|Preferred Stock A
|Capitalization of Retained Earnings
|Capitalization of Capital Reserves