----------- USE OF PROFIT AND DIVIDEND ----------
------------------------ ------------- ARTICLE 18 ----------------------------------- -------
1. Company's net profit in a financial year as stated in the -
balance sheet and profit and loss statement passed by the Annual General Meeting and
a positive retained earnings, divided according to how it is used -
which is determined by the AGM .---------- ----------------------------------
2. If the statement of income in a financial year showed a loss -
which can not afford covered by reserve funds, if any, it will ---
continue to be recorded and included in the calculation of income and in -----
next financial year the company is not considered a profit for -
losses recorded and included in the calculation of profit and loss that -
it has not been completely closed .-------------------------------- -------------------
------------------------- USE OF RESERVE ---- ------------------------
-------------------------- ARTICLE 19 -------------- ---------------------------------- -----
1. Allowance for net profit to reserves made up 20% (twenty
percent) of the total issued and paid-up capital should only be
used to cover losses that are not met by -----------
other reserves. -------------------------------------------------- ---------------------
2. If the reserves are in excess of 20% (twenty percent),
the AGM decided that the amount of the excess can be used for
the purposes of the Company .------------------------- ---------------------------------------
3. Reserves referred to in paragraph (1) which have not been used
to cover losses and excess reserves as referred
to in paragraph (2) the use of which has not been determined by the AGM should be
managed by the Board of Directors in an appropriate manner according to considerations
of Directors, after obtaining the approval of the Board of Commissioners and
attention regulation legislation in order to obtain profit .----
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