The Board of Directors meeting of Tipco Asphalt Public Company Limited No. 2/2024 held on 16th February 2024, resolved to proposed to the 2024 AGM a full year 2023 dividend payment of THB 1.25 per share for a total amount of THB 1,973 million, or 86% of the 2023 consolidated net profit of the Company. This is inclusive of an interim dividend payment on 7th September 2023 of THB 0.25 per share, totaling THB 394.59 million from the net profit for performance period from 1st January 2023 to 30th June 2023.

Therefore, the proposed final dividend payment will be THB 1.00 per share, totaling THB 1,578.36 million from net profit for the performance period from 1st July 2023 to 31st December 2023 and retained earnings. Such dividend payment was derived from the profit which was subjected to assessment of a corporate income tax rate of 20%. Therefore, individual shareholders receiving this payment shall be entitled to an income tax credit in accordance with Section 47 bis of the Revenue Code of Thailand.

The Record Date of share register book to determine shareholders who have the rights to receive the dividend payment shall be 1st March 2024. The dividend payment will be made on 26th April 2024. However, the right to receive the final dividend and the date of payment, as the case maybe, are subject to the approval by shareholders at the 2024 AGM.