The Company may declare dividends after obtaining approval from the AGMS. The Board of Directors may also declare interim dividends after obtaining approval from the Board of Commissioners provided that the interim dividends will be deducted from the annual dividends after approval at the next Annual General Meeting of Shareholders (AGM).

The Company pays dividends based on the Company’s profit after deducting the amount of reserve funds as required by applicable regulations.

The Annual General Meeting of Shareholders on November 16, 2021 decided not to pay dividends to the shareholders.

The distribution of dividends is regulated by Law No. 40/2007 regarding Limited Liability Companies article 70, where the Company is required to set aside a minimum reserve of 20% of retained earnings. In addition, article 71 stipulates that dividends will be distributed to shareholders when the Company has a positive profit balance after reserves.