Dividend Payment

The company declared a policy to pay dividend no less than 40% of the net profit after the deduction of the corporate income tax and legal reserve for the company’s financial statement. However, such dividend may changeable depends on future investment plan, liquidity, necessity and other appropriate reason. Thus the board director’s resolution approved to pay dividend shall propose to get the approval from shareholder meeting except the dividend during the period which the board of director has the authorize to pay during the period and report to shareholder meeting in the next meeting.

N.D. Interparts Co., Ltd. a subsidiary company has defined dividend policy to the company at 100% of the net profit after the deduction of the corporate income tax and legal reserve for the company’s financial statement. In case of there is any subsidiary and/or associated company shall declared a policy to pay dividend no less than 100% of the net profit after the deduction of the corporate income tax and legal reserve for the company’s financial statement. However, subsidiary and/or associated company may defined to pay dividend less than the above rate if the company have to spend net profit to expand company business operations.