Company Dividend Policy
The company has a dividend policy to pay dividends to shareholders at the rate of not less than 40% of net profit after tax and legal reserves and other reserves (if any). The dividend payout may be changed depending on factors to cause the highest benefits to shareholders. Such dividend payments shall not have a significant impact on the normal operations of QTCG. However, the dividend payout may be changed depending on operating results, financial position, liquidity, necessity to use working capital in business operation, investment plan and business expansion plan in the future, market conditions, appropriateness and other factors relating to operations and management of the Company, provided that the Company must have sufficient cash for business operation and such operation will cause the highest benefits to shareholders as deemed appropriate by the board of directors and/or shareholders of the Company. The resolution for dividend payout approval passed by the board of directors must be proposed for an approval at the shareholders’ meeting, unless it is an interim dividend payout where the Board is authorized to approve, and such dividend payment shall be reported to the shareholders at the next meeting of shareholders.
However, no dividend shall be paid otherwise than out of profits. If the company has accumulated losses, no dividend shall be paid except Preferred Dividends. Dividends shall be distributed in accordance with the number of shares, with each share receiving an equal amount. The payment of dividends shall be approved by a shareholders’ meeting.