Dividend Policy and Dividend Information

The Company has a policy to pay dividends at a rate of not less than 40 percent of the net profit shown in the separate financial statements, after deduction of corporate income tax and legal reserves. In considering each dividend payment, the Company will take into account various relevant factors, including the retention of funds for future investments, repayment of loans, and working capital requirements of the Company.

The Board of Directors may consider proposing an annual dividend payment to the Annual General Meeting of Shareholders for approval, except in the case of interim dividends. The Board of Directors is authorized to approve interim dividend payments from time to time when the Company has generated profits from operations and such payment is deemed appropriate. In such cases, the Board of Directors shall subsequently report the interim dividend payment to the shareholders at the next shareholders’ meeting.

Based on the Company’s operating results as reflected in the separate financial statements for the fiscal year ended 31 December 2025, the Company recorded a net profit of THB 575.67 million in the separate financial statements and a net profit of THB 429.79 million in the consolidated financial statements. As the Company still has projects currently under development, the Board of Directors considered it appropriate to propose to the shareholders’ meeting the approval of the appropriation of net profit for the year 2025 for the payment of cash dividends to the Company’s shareholders at the rate of THB 0.02 per share, based on the total issued and fully paid-up shares of 2,800.00 million shares, representing a total dividend payment of THB 56.00 million. This amount represents 9.73 percent of the net profit according to the separate financial statements and 13.03 percent of the net profit according to the consolidated financial statements. The dividend payment date was scheduled for 27 May 2026.

However, the aforementioned dividend payout ratio does not comply with the dividend payment policy of the Company, as the Company needs to reserve funds to support its long-term investment plans and to ensure the best interests of the Company and all stakeholders in the future. The 2026 Annual General Meeting of Shareholders, held on 28 April 2026, considered the above rationale and approved the appropriation of profits for the payment of cash dividends from the 2025 operating results by a majority vote of the shareholders attending and voting at the meeting.

Dividend Payment Policy of Its Subsidiaries

The subsidiary has a policy to pay dividends of not less than 40 percent of net profit after tax and legal reserves, based on the separate financial statements. However, the Board of Directors of the subsidiary and/or the shareholders of such subsidiary will consider paying dividends as appropriate to the business conditions, such as considering the investment plan for the expansion of such subsidiary.