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DIVIDEND

The dividend policy that the Company abides by refers to the Articles of Association of PT NFC Indonesia Tbk. This policy states that cash dividends can be paid to all Shareholders at least once a year, taking into account the Company’s financial condition. The value of the dividends paid will be linked to the net income for the relevant financial year, without neglecting the level of the Company’s financial soundness and without prejudice to the rights of the General Meeting of Shareholders (GMS) to determine otherwise. In 2021 and 2022, the Company has not distributed dividends in accordance with the resolutions of the Annual General Meeting of Shareholders (Annual General Meeting of Shareholders) on 26 July 2021 and Annual General Meeting of Shareholders 13 July 2022. This is because the Company is still focused on business expansion which includes the development and development of all sources resources, including in improving communication and information technology.

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