Proposed distribution of dividend

• Dividend policy

      According to Article 26 of the company’s Articles of Incorporation, The dividend

       policy as follows:

       The Company sets up its dividend policy in conjunction with its current and future

       development plan and by taking the investment environment, capital

       requirements  and local and foreign competition status into account, whereas the

       Company also concurrently considers shareholders’ interests. The annual

       dividend payable to shareholders from the cumulative distributable earnings shall

       be not less than 20% of current year after-tax profit. The shareholder dividend can

       be distributed by either cash or stock, in which the cash dividend shall be no less

       than 20% of the total dividend amount.