Dividend Policy and Payment

Dividend Policy

The Company’s dividend policy is to pay no less than 40% of its net profit on separate financial statements after deducting corporate income tax and provision reserves required by law. The dividend payout consideration will be based on the operating performance, financial position, liquidity, working capital needs, future investments and business expansion plans, market conditions, suitability, and other factors related to the operations and management of the Company and its subsidiaries.

As of September 30, 2022, the Company had a registered capital of THB 300.0 million, an issued and paid-up capital of THB 225.0 million and allocated legal reserves of THB 1.0 million in compliance with the Public Companies Limited Act. The company will gradually allocate a portion of its annual net profit as a reserve fund for not less than 5% of the annual net profit after calculating accumulated loss brought forward (if any) until the fund is not less than 10% of the registered capital or THB 30.0 million. Meanwhile, the profits set aside as legal reserves are not eligible for dividend payout.