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Dividend Policy

Since year 2005, the Group had formed a dividend policy that targets to pay out 60% of its net profit after minority interest annually as gross dividend.

Taking into consideration the allocation of capital resources by the Ann Joo Group to support its high organic business growth strategies, the Group endeavours to maintain a consistent and regular dividend payment policy that promotes a stable stream of return to shareholders, subject to the cash level, marketable financial assets and level of indebtedness, required and expected expense, profit and return on equity and retained earnings. It would also consider its own operational results, projected level of capital expenditure and investment plans.