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•Stock dividend policy
The industrial environment our company currently position in changes greatly, the enterprise life cycle is at the stable growth stage. Considering our company's future capital requirement and long-range financial planning, as well as satisfy stockholders' cashflow needs 94% of the annual allocated profits will be distributed as stockholders' dividend. For sustainable and stable economic development, our company may make overall planning on overall capital budget and distribute in stock dividend method. If for that year, our company does not have major capital budget planning or require sufficient operation capitals, all the stock dividend may be distributed as cash. And, if for that year company has plant expansion project that requires large amount of capital, the dividend may be distributed in full with stocks. The above-mentioned profit distribution will be proposed by the Board of the Directors and be implemented after the approval by the stockholders' meeting.
• 2013 stockholders' meeting stock dividend distribution condition
Based on the resolution of the meeting of the Board of the Directors on March 26, 2013, it is passed that the distribution is 0.3 stock dividend.
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