Ocean Sky International Limited - Ocean Sky International Ltd ...

We do not have a fixed dividend policy.
DIVIDEND POLICY
Our Company may, by ordinary resolution, declare dividends at a general meeting, but it may not pay
dividends in excess of the amount recommended by our Directors. Our Directors may declare an interim
dividend without seeking Shareholders’ approval. On 9 December 2002, we declared an interim dividend
of $6.0 million, which has been paid to the then registered shareholders of our Company. Our Company
shall pay all dividends out of our profits or in accordance with Section 69 of the Companies Act.
Our Directors, intend, subject to the factors stated herein and in the absence of any circumstances which
might reduce the amount of revenue reserve available to pay dividends, to recommend and distribute not
less than 25% of our net profit attributable to Shareholders as dividends for the year ending 31
December 2003 (the “Proposed Dividend”). However, investors should note that all the foregoing
statements, including the statements on the Proposed Dividend, are merely statements of our present
intention and shall not constitute legally binding statements in respect of our future dividends which may
be subject to modification (including reduction or non-declaration thereof) in our Directors’ sole and
absolute discretion. Investors should not treat the Proposed Dividend as an indication of our Group’s
future dividend policy. No inference should or can be made from any of the foregoing statements as to
our actual future profitability or ability to pay dividends in any of the periods discussed.
In making their recommendation for future cash dividends, our Directors will consider, among other
things, our future earnings, operations, capital requirements, cash flow and financial conditions, as well
as maximising shareholders’ value, general business conditions and other factors which they may
consider appropriate.
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