The Company has a dividend policy to pay a dividend of approximately 30 percent of net profit, but not in excess of the retained earnings in the Company’s separate financial statements. In determining dividend payment, various factors are taken into consideration, including STA’s financial position, operation results, cash flows, the ability of STA’s subsidiaries, associates, and joint ventures to pay a dividend, expected working capital to support STA’s future growth, economic conditions, and other external factors that may have an impact on the business operations.

The dividend payment of subsidiaries shall be approved by the Board of Directors of each subsidiary and shall be presented to the shareholders’ meeting for approval. The Company does not specify the percentage of dividend payment of each subsidiary. The dividend paid by the subsidiaries depends on the business profits, financial position, and future investment plans, and shall be in accordance with its Articles of Association and the relevant laws of each subsidiary.