The board of i-CABLE Communications Limited has adopted a dividend policy. Under the dividend policy, the board may from time to time pay to the shareholders annual dividends, if any, on the outstanding ordinary shares declared by and subject to the discretion of the board and must be approved at a general meeting of the shareholders. In addition, the board may from time to time pay to the shareholders such interim dividends as appear to the board to be justified, both annual dividends and interim dividends shall not exceed the amount recommended by the board, in accordance with the provision of the articles and the companies ordinance. The board may only consider to make a distribution if the amount of the company's net assets is not less than the aggregate of the company's called up share capital and undistributable reserves; and to the extent that, the distribution does not reduce the amount of those assets to an amount less than the aggregate of the company's called up share capital and undistributable reserves. The board shall consider, the group's results of operations, the earnings and distributable reserves of the company and each of the members of the group, the group's actual and expected financial performance and conditions and liquidity position, the shareholder's interests, any restrictions on payment of dividends that may be imposed by the group's lenders, the group's expected working capital requirements, surplus and future expansion plans, contractual, statutory and regulatory restrictions, general economic conditions and other internal or external factors that may have any impact on the business or financial performance and position of the company and any other factors that the board deems appropriate.