The recommendation, declaration and distribution of dividends will be proposed by Board of Directors to seek for Board of Commissioners’ recommendation and to be further submitted to the Annual General Meeting of the Shareholders (“AGM”) for approval. The determination will depend on several factors including Company's net profit, cash flows, liabilities, financial condition, investment plan and capital expenditure. Based on these factors, Company will target a dividend distribution of at least 35% of the Company's net profit starting in 2023. However, there is no guarantee that Company will declare and distribute any dividends. Board of Directors has the authority to adjust the Company’s dividend policy at any given time to ensure dividends are paid out in a balanced manner that would allow the Company to keep growing.

The Company's dividend policy is a statement of current intent and is not legally binding. This policy may be revisited and the amount of dividend depends upon the proposal of the Board of Directors, recommendation of the Board of Commissioners and approval of the shareholders at the AGMS.