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TSTEGROUPLOGO
TSTE GROUP
TSTE GROUP

DIVIDEND POLICY

DIVIDEND POLICY

DIVIDEND POLICY

The company has the policy to pay the dividend at the rate of at least 50 percent of the net profit after corporate tax and legal reserve. If there are no other necessary causes and such dividend payment does not impact the operations of the company and its subsidiaries. Such dividend payment shall consider various factors such as performance, financial status, liquidity, and business expansion plan, etc.
When the Board of Directors had the resolution to approve the annual dividend payment, it shall be approved by the shareholders’ meeting, except the payment of interim dividend since such interim dividend payment shall be approved by the Board of Directors and shall report to the next shareholders’ meeting.
Dividends shall be divided equally by the number of shares by the dividend must be approved by the general meeting of shareholders, the Board may pay interim dividend to its shareholders from time to time. If the company has enough profits to do so, and report to the meeting of shareholders in the next meeting.

Note The Annual General Meeting of Shareholders for the year 2023 No.1/2024 is scheduled to be held on April 25, 2024 approved the appropriation of the profit allocation for dividend payment 2023 in cash at the rate of THB.0.12 per share or the amount not exceeding THB. 45,999,261.72 equal to 36.11% of net profit from the specific financial statement (equal to 36.11% of net profit from the consolidated financial statement). The said dividend must be paid from net profit for the fiscal year 2022 after deduction 20% for the dividend payment plan, the company has announced to pay 20% of net profit after tax which has not related to company’s dividend policy. Due the fact that the company has set up the investment plan for the current project and the new project.

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