The board of directors of the CIMC-TianDa Holdings Company Limited announced that the Board has approved and adopted a dividend policy on 27 August 2019 in order to provide return to the shareholders of the company. The company intends to pay out an annual dividend payment at a payout ratio of not less than 25% of the profit attributable to owners of the company for a financial year. A decision to declare or to pay any dividends, and the amount of dividends, will be based on the recommendation of the Board after taking into consideration of, inter alia, the following factors: the financial results and financial condition of the Group; the Group’s actual and future operations and liquidity position; the Group’s expected working capital requirements, capital expenditure requirements and future expansion plans; the Group’s debt-to-equity ratio, return on equity and committed financial covenants; the retained earnings and distributable reserves of the company and each of the members of the Group; and any other factors that the Board deems appropriate.