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IR Adviser :

Revised Dividend Policy

Reference is made to the announcement dated 26 July 2012 and 17 November 2009.

Effective financial year ending 31 December 2017 (FY2017), the Group’s dividend policy would be revised to distribute no less than 60% of Group’s net profit to shareholders, excluding net profit contributions from Daibochi Packaging (Myanmar) Company Limited (Daibochi Myanmar). The dividend is to be paid on a quarterly basis.

This is in line with the Group’s intention to enable Daibochi Myanmar to reinvest its earnings, at least over the next two years, into the operations in order to expand its scope of works and establish a stronger foothold to capture the potential in the Myanmar and South East Asian region.

The Group will review the dividend policy as and when appropriate, taking into account the progress and prospects of Daibochi Myanmar and other opportunities.

This announcement is dated 20 November 2017.

 

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