Dividend Policy and Dividend Information

The Company has a policy to pay dividends of not less than 40 percent of the net profit of the separate financial statements after deducting corporate income tax and legal reserve from the separate financial statements. However, in considering the payment of dividends in each period, the Company will consider the payment of dividends by taking into account relevant factors such as maintaining funds for future investment or for repayment of loans or as working capital within the Company.

The Board of Directors may consider proposing the payment of annual dividends to the Annual General Meeting of Shareholders for approval, unless it is an interim dividend payment. The Board of Directors has the authority to approve the payment of dividends from time to time when it deems that the Company has profit from operations and it is appropriate to pay dividends. However, the Board of Directors must report the interim dividend payment to the shareholders' meeting at the next meeting.

From the operating results appearing in the Company's separate financial statements for the year ended December 31, 2023, although the Company had a net profit from the separate financial statements of 335.1 million baht, due to the operating results appearing in the Company's consolidated financial statements, there was a profit of 177.6 million baht, which the Board of Directors has considered and deemed that the Company still needs to use it as working capital within the Company to operate with caution. In addition, the Company still needs to reserve funds for investment in projects under development and other projects of the Company in the future as well.

For the foregoing reasons, the 2024 Annual General Meeting of Shareholders considered and approved the non-payment of dividends for the 2023 operating results by a majority vote of the shareholders who attended the meeting and voted.

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.