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Economic Distribution

The Company believes that business should not focus only on profitability but it should also consider how to distribute economic values to related stakeholders. The economic distribution is therefore important for the Company at the heart of sustainability.

Management Approach
The Company aims to share wealth to related stakeholders in order to show a good corporate citizenship. The Company places emphasis on taking responsibility to the countries where it operates by paying taxes and fees to the local authorities, local employment, and spending on the local products or services as much as possible. For transparency, the economic value distributed data and the transfer pricing documents for intra-group services transactions are verified by the third party and made available to related stakeholders. The data related to community and society is collected based on international standards such as London Benchmarking Group (LBG) framework. The key channels that the Company distributed economic value generated are as follows:

Stakeholder Key distribution
Shareholder · Dividends
Supplier and Contractor · Contractor costs
· Fuel cost
· All other operating costs
Employee · Remuneration and benefits
· Provident fund contribution
· Employee development expenses
Financial Institution · Interest
· Finance expenses
Governance · Royalty fee
· Corporate income tax and local maintenance tax
· Property tax, specific business tax and other taxes
· All other payment to government
Community · Community development programs
· Corporate social responsibility activities
· Land compensation
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