Bangladesh Autocars Limited Recommends Cash Dividend for the General Shareholders (Other Than Sponsors and Directors) for the Year Ended June 30, 2023

Bangladesh Autocars Limited is a Bangladesh-based company, which carries out the business of compressed natural gas (CNG) conversion and CNG refueling of vehicles. The Company was engaged in producing three wheelers auto tempo (two strokes) under technical collaboration with Piaggio & C s.p.a., manufacturer of Vespa Brand. The Company stopped the production of three-wheeler auto tempo (two strokes) due to the imposition of a ban on producing such vehicles in Bangladesh by the government. The Company has two products, CNG Refueling and CNG Conversion.