The Company shall consider dividend payments based on its annual operating results and overall performance, subject to applicable legal requirements, and shall refrain from dividend payments if the Company has accumulated losses. The Company has a policy to pay dividends to shareholders at a rate of not less than 40 percent of the net profit as shown in the separate financial statements, after deduction of corporate income tax, legal reserves, and other reserves (if any), taking into consideration the Company's financial position, cash flow, liquidity, investment plans, and other factors as deemed appropriate by the Board of Directors. In addition, such dividend payments must not materially affect the normal operations of the Company. The Board of Directors shall pass a resolution approving the dividend payment and propose the same to the shareholders' meeting for approval, except in the case of interim dividends, for which the Board of Directors has the authority to approve and shall report such payment to the shareholders at the next shareholders' meeting. In this regard, dividend payments shall not exceed the retained earnings as stated in the Company's separate financial statements and must comply with all relevant laws and regulations.