Dividend Policy
Dividend Policy showed in the Articles of Incorporation is as follows:
The industrial life cycle of the Company is in the growth period. To meet the demands of the growing operation, the Company shall set up the dividend policy based on the consideration of the capital expenditure budgeting, the demand of working capital, and the shareholder's cash flow concern in the future. The Company may provide the shareholders stock dividend when the bonus for each share is equal to or below NT$2. When the bonus for each share is over NT$2, the Company may provide shareholder cash dividend not exceeding the fifty percent (50%) of the total of cash and stock dividends
When allocating the net profits of each fiscal year, the Company shall, in addition to making up the losses for preceding years, paying the business income tax in accordance with law, set aside a legal reserve at ten percent (10%) of the net profits. However, when the accumulated legal reserve equals to the total amount of paid-in capital, the Company may not set aside a legal reserve. After deducting the appropriated special reserve required by these articles and the Company Law and the working capital demands for the Company's operations, the balance left over may then allocated as capital interests, dividend, and bonus at the proportion as the following:
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