DIVIDEND

The Company’s dividend policy is aligned with the provisions of the Articles of Association of PT NFC Indonesia Tbk. According to this policy, cash dividends may be paid to all shareholders at least once a year, by taking into account the Company’s financial condition. The amount of dividend to be paid will be based on net income for the year, with due regard to the Company’s financial soundness and without diminishing the right of the General Meeting of Shareholders to decide otherwise. In 2020, in accordance with the resolution of the Shareholders at the Annual General Meeting of Shareholders (AGMS) of the Company, the Company did not distribute any dividend. The Company is currently focused on carrying out business expansion measures, i.e. expanding and enhancing all of its resources, including information and communications technology.