If there is a surplus in the final accounts of the Company, 10 percent to 1 percent shall be reserved as employee compensation and no more than 2 percent for directors’ compensation. A reserve is allotted to be used for making up for the accumulated losses. As for the employee compensation mentioned previously, the issuance of the object contains a certain condition for the subsidiary employees.
If there is a surplus in the final accounts of the Company, the tax shall be paid to make up for the losses first, and second, 10 percent shall be reserved as statutory surplus reserve, but this is no longer necessary when the statutory surplus reserve has reached the total amount of capital of the Company, and in accordance with the law and the competent authorities, the special surplus reserve shall be increased or rotated. A special surplus is reserved for operation need or regulation requirement. If there is still a surplus, the Board of Directors will combine with the undistributed surplus and propose a distribution plan for shareholders’ resolution.
The dividend policy is in accordance with the Company’s regulation. It will be adjusted based on the changes in the Company’s capital, financial structure, operation status, surplus, industry nature and cycle. The cash dividend will be under 50% of the total dividend of the year.
Dividend History :
None.