Dividend Policy and Payments
Dividend Policy
The Company’s dividend policy is to pay not less than 40% of the net profit after income tax of the individual financial statements following the legal reserve allocation as dividends. The rate at which dividends are paid is determined by the investment strategy, conditions, and restrictions set forth in the Loan agreement or other relevant arrangements (if any), financial situation and performance, as well as other company-related factors. The Board of Directors may consider reviewing and amending the dividend payment policy from time to time in order to meet the Group’s future capital and working capital requirements, as well as other considerations as it deems appropriate, and in accordance with relevant laws.
Dividend Policy of the Subsidiaries
The Company’s dividend policy is to pay not less than 40% of the net profit after income tax of the individual financial statements following the legal reserve allocation as dividends. The rate at which dividends are paid is determined by the investment strategy, conditions, and restrictions set forth in the Loan agreement or other relevant arrangements (if any), financial situation and performance, as well as other company-related factors. The Board of Directors may consider reviewing and amending the dividend payment policy from time to time in order to meet the subsidiaries’ future capital and working capital requirements, as well as other considerations as it deems appropriate, and in accordance with relevant laws.