Dividend Policy & Payment
Dividend payments to shareholders shall be paid in the amount not less than 40% of the net profit of POLY’s separate financial statements after the deduction of corporate income tax, and other legal reserves as annually or regulation of POLY.
However, dividend payments and dividend pay-out ratios that differ from the specified ratio depending upon POLY ‘s operating performance, financial position, cash flows, working capital, investment plans, and business expansion, as well as necessities and other related factors considered and deemed appropriate by the Board of Directors. Such dividend payments shall not have a significant impact on the normal operations of POLY.
Company executive board agreed that annual dividend payments have to be approved from shareholders except interim dividend payment which the company executive board has authority to approve from time to time when POLY has sufficient profit to pay without affecting the normal company operation. Meanwhile, the mentioned interim dividend payment shall be notified in the next shareholder meeting accordingly.
