On September 16, 2010, our board of directors resolved to propose to each annual shareholders' meeting that 50% of our distributable profit be distributed as dividends, subject to our long-term investment plans and other funding requirements.

Therefore, the timing and amount of any dividend payments will depend on our existing and future financial condition, results of operations, liquidity needs and other matters that we may consider relevant from time to time, including, without limitation, capital expenditures, the market conditions in which we operate and equity market conditions.