Dividend Distribution Policy

The Company has established a dividend payment policy and strived to distribute an optimal and appropriate level of the profits in the form of dividend, with the total targeted amount of not less than 20% of the annual net profit according to the financial statements of the Company after deduction of corporate income tax and all types of statutory reserves, while maintaining a strong financial foundation for the Company. The Board of Directors shall recommend dividend only if it is of the opinion that it is financially prudent to do so.

The Company has issued only one class of shares with equal voting rights and therefore all the shareholders of the Company are entitled to receive the same amount of dividend per share.

The Board of Directors may or may not recommend any dividend for a given financial year, if:

a) The Company has reported a net loss for the year;

b) Cashflow from operations is negative;

c) Free cashflow is affected due to future capital expenditure/ expansion, strategic investments and working capital requirement;

d) The credit protection or capital adequacy metrics of the Company are weak;

e) The Company is undergoing any form of debt restructuring;

f) The Company has been prohibited to declare dividends by any regulatory authority;

g) The Company has implemented, or intends to implement, a share repurchase (buyback) scheme or any other alternate profit distribution measures;

h) Any other circumstances as considered relevant or appropriate by the Board of Directors.

The Board of Directors may consider the following factors before declaring interim dividend or recommending a final dividend to shareholders for declaration:

a) Current year profit, accumulated reserves and earning stability in line with the development of internal and external environment;

b) Operating cash flows and treasury position keeping in view the total debt to equity ratio;

c) Providing for unforeseen events and contingencies with financial implications;

d) Current and future capital expenditure/ expansion, strategic investments and working capital requirements;

e) Overall macro-economic scenario / regulatory environment and business conditions;

f) Any other financial parameter or factor as considered relevant or appropriate by the Board of Directors.

The Company shall declare and pay dividend, both, interim and final dividend, in compliance with the applicable laws and any other rules and/or regulations and the Articles of Association of the Company, as in force and as amended from time to time

This Policy shall be reviewed by the Board of Directors as may be deemed necessary. Any changes or revisions to this Policy will be made available to shareholders via a system of the Stock Exchange of Thailand in a timely manner.