Dividend Policy

             The Company has a policy to pay dividends to shareholders by considering its ability to pay based on the retained earnings shown in the separate financial statements. The amount of each dividend payment will also take into account the performance as reflected in the consolidated financial statements. The Company aims to pay dividends at a rate of not less than 40% of net profit according to the consolidated financial statements after corporate income tax. However, the Company may consider paying dividends at a different rate from the stated policy, depending on the operating results, financial position, liquidity, and the necessity of fund utilization for business operations and expansion, as well as overall economic conditions. In any case, the dividend payment shall not exceed the retained earnings shown in the Company's separate financial statements and shall comply with applicable laws.

             Annual dividend payments must be approved by the shareholders' meeting. However, interim dividends may be approved by the Board of Directors from time to time if it is deemed that the Company has sufficient profits to do so. The Company will report such interim dividend payments to the next shareholders' meeting. Dividend payments must not be in conflict with any applicable laws or regulations.