Dividend Policy of the Company

The Company has the policy to pay dividends of not less than 50% of its net profit after income tax and to maintain all types of reserves as required by laws, considering the separate financial statements of the Company. The consideration of a dividend payment depends on cash flow, sufficiency of working capital in business operations, an investment plan, loan repayment, and the terms and conditions of various agreements to which the Company is bound, including legal limitations and other necessities and suitability in the future.

However, the Board of Directors' resolution approving the dividend payment must be presented for approval at the shareholders' meeting, except for the interim dividend payment. The Board of Directors has the authority to approve the dividend payment from time to time when the Company has sufficient profits to do so. This must be reported to the next shareholders' meeting.

Dividend Policy of the Subsidiaries

The subsidiaries has the policy to pay dividends of not less than 50% of its net profit after income tax and to maintain all types of reserves as required by laws, considering the separate financial statements of the Company. The consideration of a dividend payment depends on cash flow, sufficiency of working capital in business operations, an investment plan, loan repayment, and the terms and conditions of various agreements to which the Company is bound, including legal limitations and other necessities and suitability in the future.

However, in considering the dividend payment of subsidiaries, the authority to approve the payment must be granted by the Board of Directors of the subsidiaries and/or the shareholders' meeting of each subsidiary. The Board of Directors of the subsidiaries may consider paying annual dividends of subsidiaries subject to approval from the shareholders' meeting of the subsidiaries. Except for interim dividends, the Board of Directors of the subsidiaries has the authority to approve from time to time, and the Board of Directors of the subsidiaries shall report to the shareholders' meeting at the next meeting.

Board Date X-Date Payment Date Dividend Type Dividend (per share) Operation Period
29/02/24 07/05/24 24/05/24 Cash and Stock Dividend Payment 0.3473 01/01/23-31/12/23
27/02/23 08/05/23 26/05/23 Cash Dividend Payment 0.18 01/01/22-31/12/22
24/02/22 - - Omission - -
24/02/21 11/03/21 18/05/21 Cash and Stock Dividend Payment 0.2234 01/01/20-31/12/20
21/02/20 08/04/20 27/04/20 Cash Dividend Payment 0.185 01/01/19-31/12/19