capital increase and share allotment 7.1 Policy of Paying Dividend The Company has a dividend policy to pay out as least 50% of its net profit after tax stated in the separate financial statements and after
independent auditors consider may have a material impact on the company’s financial reports and to attend a meeting with the auditor without the presence of the management at least once a year. - Review the
notice of the shareholders’ meeting which contains the information at least as specified by the Notifications on Acquisition or Disposal of Assets, together with the opinion of the independent financial
supervise risks and uphold good corporate governance principles, among others. 4 2. Independent directors are required to hold the position for no more than nine consecutive years, and there must be at least
Kinpo Group, one seat shall be represent the Company and three seats or at least half portion of directors shall be as local residents and/or independent directors in accordance with the Philippine
meeting and having the right to vote, excluding the shareholders having 4 interest. In addition, an invitation letter to such shareholders’ meeting must include the information at least specified in the
least specified in the Acquisition and Disposition of Assets Notifications, which includes an independent financial advisor’s (IFA) opinion. 4. Details of Assets Acquired Assets Acquired Ordinary shares
having the right to vote, excluding the shareholders having interest. In addition, an invitation letter to such shareholders’ meeting must include the information at least specified in the Acquisition and