What is Inoteras dividend policy?
Out of the net profit of the corporation for each fiscal year, after having provided for income tax and covered the losses of the previous years, there shall be first set aside a legal reserve of 10% from the net profit after tax until the accumulated amount of such reserve equals the total issued capital. Thereafter, 1% to 15% of the remainder of the profit, if any, after providing for any special reserves pursuant to relevant laws and regulations, if necessary, shall be provided as bonus to employees, and such bonus to employees shall be realized as the corporation’s expenses of the fiscal year. The remainder plus the undistributed earnings of the previous years shall be distributed or left undistributed for business purposes according to the resolution of the shareholders’ dividend distribution plan, which shall be proposed by the Board of Directors and adopted by the shareholders in the Annual Shareholders’ Meeting. The corporation belongs to a highly capital intensive industry wit
