Supreme Ventures Limited Dividend Policy

General

This Dividend Policy outlines the guidelines applicable to Supreme Ventures Limited ( referred to as ‘the Company’) for declaring and distributing dividends to shareholders out of profits as determined by the Board of Directors, which accords with section 158 of the Companies Act and pursuant Articles 129- 138 of the Company’s Articles of Incorporation.

Dividends are a portion of the total return that investors receive, and for many, it is the most important part of their investment which impacts the investors’ perception of the value of the stock and the Company’s financial strength as well as future prospects for growth.

Dividend Pay-out Rate

The Board of Directors will declare, at its discretion, dividends to shareholders providing such declaration is in accordance with this policy and after taking into consideration any regulatory or other requirements. The policy is that the Company pays out 90 percent of profit after tax in dividends (less any non-cash adjustments), which is accrued monthly and paid out quarterly. The final dividend will then include any adjustments based on any changes to prior quarter or year-end adjustment to conform with the 90% policy. A dividend once declared can only be paid from retained earnings. Further, the Board, at its discretion, may alter the dividend payout ratio from the stipulated target from time to time.

Related Policies and Review Frequency

This policy is consistent with and should be read in tandem with the relevant policies governing the Company’s cash and capital management activities and procedures of the Company.

The Dividend policy will be subject to review on an annual basis or more frequently as determined by the Board of Directors.

Version 1Approved by the Board on:
February 28, 2020