Accounting

The fiscal year of the Company shall begin on the first day of January and end on the 31st day of December of each year.

The Representative Director shall prepare the following documents, detailed statements incidental thereto and a business report, and submit them to the Ordinary General Meeting of Shareholders after they have been audited by the Audit Committee:

1. Balance sheet;

2. Profit and loss statement;

3. Other documents required by relevant regulation indicating financial position and business performance of the company.

The profits of the Company for any fiscal period shall be disposed of as follows; provided that, the profits may be disposed of otherwise by resolutions of the General Meeting of Shareholders:

1. Earned surplus reserves;

2. Other reserve required by law;

3. Dividends to shareholders;

4. Voluntary reserves;

5. Earned surplus to be carried forward.

(1) Dividends shall be paid in either cash or shares.

(2) The Company may, by resolution of the Board of Directors, decide the record date for determining the shareholders who is eligible for dividends referred to in Paragraph (1), and when the Company does so, it shall make announcement two weeks before the record date.

(3) The Company shall pay dividends to the shareholders who hold the shares at the end of March, June or September from the commencement of the fiscal year by a resolution of the Board of Directors.

(1) The Company may retire its shares to the extent of the profits distributable to Shareholders.

(2) The detailed matters on the retirement of shares with profits such as classes and number of shares and the method of retirement, etc shall be determined by a resolution of the Board of Directors.

(1) The right to claim payment of dividends shall be extinguished by prescription if it is not exercised within five (5) years.

(2) Dividends after the expiration of the prescription period set out in Paragraph (1) shall belong to the Company.