The company has a stable dividend policy and it adopts a balanced approach while paying its dividends. In addition to the shareholder return, the company also considers other factors, such as capital accumulation and the potential impact on the company's operations, when deciding upon its dividend policy. As it is stated in the Item No. 3 and 4 of the Article 37 of the company's charter: " With regards to dividend ratio, cash dividend should be no less than 50% and the remainder should be paid in stock dividends. The aforesaid policy with regards to the dividend policy is set in principle only and the company, in view of the actual circumstances, can propose to adjust its dividend ratio accordingly. The board's proposal though is subject to approval by the shareholders meeting."