Governance

Dividend Policy

Policy Statement

Dividend Policy: Subject to the Bye-laws of KLN Logistics Group Limited (the “Company”), the Companies Act 1981 of Bermuda and other applicable laws and regulations, the Company currently targets to distribute to its shareholders (“Shareholders”) approximately 30% of its core net profit for each financial year end. Any proposed distribution of dividends is subject to the discretion of the board of directors of the Company (the “Board”) and the approval of the Shareholders. Special dividend will also be considered when circumstances permit. Recommendation for distribution of dividends will be made after taking into account the results of operations, financial condition, operating requirements, capital requirements, Shareholders’ interests and any other conditions that the Board may deem relevant.

The Board will review this Policy from time to time, and there can be no assurance that dividends will be paid in any particular amount for any given period.