DIVIDEND POLICY

The Company is authorized to distribute dividends out of its surplus profit, in

cash, properties of the Company, shares of stock, and/or securities of other
companies belonging to the Company.

Dividends paid in the form of cash or property is subject to approval of the

Company’s Board of Directors. Dividends paid in the form of additional shares are
subject to the approval of the Company’s Board of Directors and stockholders
that own at least two-thirds (2/3) of the outstanding capital stock of the
Company. Holders of outstanding Common Shares as of a dividend record date
will be entitled to full dividends declared without regard to any subsequent
transfer of such shares.

On July 22, 2013, the Board of Directors of the Company approved its dividend
policy wherein it shall distribute to its shareholders as dividends, whether cash,
property or stock, at least ten percent (10.00%) of the Corporation’s net income
for the previous fiscal year, subject to the provision of sufficient funds for the
implementation of the Company’s business plan, operating expenses and budget,
appropriation for expansion projects (as applicable), lenders’ requirements,
appropriate reserves and applicable laws.