The Company is adhering to a dividend payout policy for at least 50% of the annual net profit from the Company’s separate financial statements after the legal reserve and other reserve (if applicable) deduction, provided that such dividend payout ratio is subject to alteration depending on the current cash amount and liquidity, future cash flow, performance results, financial position, financial structure, future business plan, the Company’s and subsidiaries’ capital investment requirement, current agreement terms and conditions binding on the Company and subsidiaries, as well as needs and other concerns as the board of directors shall take into consideration and submit the proposal to the shareholders.

Any resolution of the board of directors on the dividend payment shall be proposed for approval from the shareholders meeting, except for the interim dividend payment to the shareholders which could be approved by the board of directors’ discretion on the corporate profit and cash flows to justify such payment. Such interim dividend payment shall be reported and presented to the next shareholders meeting for shareholder’s information. 

The Company’s subsidiaries’ dividend payment policy shall be under the authorization and subject to the approval of the meeting of each of their board of directors and shareholders meeting by taking into consideration its performance results, liquidity, cash flows, financial position, each of the subsidiary’s investment plan, and other factors as their board of directors and shareholders meeting shall deem appropriate. In order to comply the subsidiaries’ dividend payment with the good corporate governance basis, and with the transparency and accountability, each of the subsidiary’s board of directors shall report such dividend payment to the subsequent meeting of the Company’s board of directors.

This Company and Subsidiaries Dividend Policy shall become effective from 17 December 2015 onwards.     

Mr. Banchong Chittchang
Chairman of the Board of Directors
TPBI Public Company Limited