Dividend Policy and Payments

The company has a policy to distribute dividends to shareholders each year, amounting to no less than 30% of the net profit after deducting all types of reserves as mandated by law, based on the company's standalone financial statements. However, such dividend payments are subject to cash flow, investment plans, and legal requirements, with the company considering the necessity and appropriateness of other future factors. Moreover, dividend payments must not significantly impact the normal operations of the company. The decision of the company's board to approve annual dividends must be presented to the general shareholders' meeting for approval. Nevertheless, the board has the authority to consider interim dividend payments if deemed appropriate and without affecting the company's operations, which must be reported to shareholders at the next meeting.

Similarly, the dividend payment policy for subsidiaries to their shareholders annually is set at no less than 30% of the net profit after deductions for all types of reserves as required by law, based on the subsidiary's specific financial statements. However, such payments are dependent on cash flow, investment plans, and legal conditions, with the subsidiary considering the necessity and suitability of other future factors, ensuring these payments do not significantly affect the subsidiary's regular operations. The subsidiary board's decision to approve annual dividends must be presented for approval at the subsidiary's general shareholders' meeting. Yet, the subsidiary board can consider interim dividend payments if appropriate and not affecting operations, to be reported at the next shareholders' meeting. Moreover, subsidiary regulations stipulate that if the dividend payment is below the set policy, the subsidiary board must seek and obtain approval from the PCE's board before proposing the dividend payment agenda, whether for annual or interim payments, to ensure governance principles are followed.