Dividend Policy & Payment
Subsidiary company that The Company is holding 100% of total shares has a policy to pay dividend not less than 40% of net profit after tax and legal reserved.
Jointly controlled entities that The Company is holding less than 100% of total shares (PACE Project One, PACE Project Two, PACE Project Three and PRE) have a policy to pay dividend not less than 40% of net profit after tax and legal reserved.
Dividend payment is subject to change depending on the necessity and appropriateness of return to shareholders in the future.
Shareholder’s loan, shareholder’s loan interest, advances shall be repaid before any dividend is paid to the Parties. No dividend shall be paid by PRE or any Pace company if at the time intended for the payment of such dividend any of PRE or any Pace company has insufficient funds to meet its obligations under Development Cost Budget.