Major Shareholders

Dividend Policy and Payment

Dividend Policy of the company

Dividend Policy of Subsidiaries

The policy of TQM is to pay dividends not less than approximately 50% of its operating net profit from separate financial statement after income taxes and legal reserve of every year. The dividend payout rate may be changed concerning operating results, liquidity, needs of investment, working capital, additional investment, business expansion, conditions and restrictions of loan agreement and other management factors by the resolution of directors and/or shareholders which the said dividend shall not over the retained earnings stated in Company’s separate financial statement.

Dividend Policy of SubsidiariesThe policy of subsidiaries is to pay dividends not less than approximately 50% of its operating net profit from separate financial statement after income taxes and legal reserve of every year. The dividend payout rate may be changed concerning operating results, liquidity, needs of investment, working capital, additional investment, business expansion, conditions and restrictions of loan agreement and other management factors by the resolution of directors and/or shareholders.

 
 

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