Dividend Policy：
If the Company has net profits after tax in the annual final accounts, the accumulated losses shall be offset first (including the adjusted undistributed earnings), and then 10 percent of the balance shall be appropriated as legal reserves. When the legal reserve has reached the amount of the Company's paid-in capital, this restriction does not apply to the provision or reversal of special reserves; In addition, depending on the needs of the Company's operations and the laws and regulations a special reserve may be set aside or reversed, the Board of Directors shall prepare a statement of earnings distribution if there are remaining earnings to be added to the undistributed earnings in the same period (including the adjusted undistributed earnings). If all or a part of dividends and bonuses are distributed in cash, a special resolution of the Board of Directors is to be resolved in the shareholders' meeting; if all or a part of dividends and bonuses are distributed, in the case of stock dividends, a proposal shall be submitted to the shareholders' meeting for resolution.
The Company’s main business industry is mature, with stable profits and a sound financial structure. In consideration of the Company's future capital expenditure budget and shareholders' equity, dividends to shareholders are calculated as the current year's after-tax profit less the legal reserve and at least 30% of the reserve is retained as a general rule. Dividends may be distributed in the form of cash dividends or stock dividends, except the total amount of cash dividends distribution shall not be less than 20% of the total dividends paid.
When the Company has no deficit, the Company shall apply the legal reserve (to the limit of the amount of such reserve exceeding 25% of the paid-in capital) and all or part of the capital reserve in compliance with the Company Law as the Board of Directors shall pass a special resolution on the distribution of cash, and report the distribution to the shareholders' meeting.
Dividend History：
| Year | Cash Dividend | Stock Dividend |
|---|---|---|
| 2022 | 3.8 | － |
| 2021 | 6.5 | - |
| 2020 | 7.0 | － |
| 2019 | 3.0 | － |
| 2018 | 3.0 | － |
| 2017 | 3.0 | － |
| 2016 | 2.2 | － |
| 2015 | 3.6 | － |
| 2014 | 3.7 | － |
Stock Quotes：
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