The Company has the policy to pay dividend each year at the rate of not less than 40% of the net profit deduction of all types of reserved fund as required in the Company’s Articles of Association and as required by law. If unnecessary, the payment of such dividend shall not significantly affect the Company’s normal business operation.

Nevertheless, the dividend payment policy may be changed, depending on investment plan, necessity, and other suitable factors in the future based on condition that the operation must yield highest benefit to shareholders, such as use the money as investment fund to expand Company’s business, as reserve for loan repayment or there may be change of market condition which may adversely affect the Company’s future cash flow. The Company’s Board of Directors shall be empowered to consider the option. Moreover, the Board of Directors’ resolution approving dividend payment shall be proposed for final approval with shareholders’ meeting. Exemption is on interim dividend payment which the Company’s Board of Directors shall be authorized to make decision and report the decision at the next shareholders’ meeting.

In 2014, the Company has the policy to pay dividend each year at the rate of not less than 40% of the net profit before deduction of all expenses in accordance with the International Financial Reporting Standard No.2 (2014 edition) of Share based payment after deduction of all types of reserved fund as required in the Company’s Articles of Association and as required by law. If unnecessary, the payment of such dividend shall not significantly affect the Company’s normal business operation.

The dividend yield for 2015 was followed the company’s dividend policy. However, it will be proposed to the shareholders for approval at the upcoming Shareholder’s Meeting on April 28, 2015 in dividend stock and cash (The amount of cash dividend will be announce after the exercise of CHO-W1 warrants on March 31, 2016).

  1. Cash dividend payment (Baht per share) : 0.0058
  2. Ratio of stock dividend payment (existing share : stock dividend) as 10:1 and stock dividend payment rate (Baht per share) : 0.025
  3. Total dividend payment (Baht per share) : 0.0308
  4. Total amount : 28.28 million Baht

The dividend in 2016, the board of director has a resolution for non-dividend payment due to the 2016 separated financial statement reported a deficit.

The dividend in 2017, the board of director has a resolution for non-dividend payment due to the 2017 separated financial statement reported a deficit.

Regarding the dividend payment in 2018, the Board of Directors has a resolution for non-dividend payment due to the 2018 separated financial statement reported a deficit. In this regard, this will be effective when approved by the 2019 Annual General Meeting holding in April 24, 2019.

Dividend Payment Historical Compared to net profit (Separate financial statements) 2014-2018

Detail Year 2014 Year 2015 Year 2016 Year 2017 Year 2018
Net Profit (Loss) after legal reserve deduction (Separate financial statements) (million Baht) 75.72 35.50 (69.99) (27.67) 41.70
Dividend Payment (million Baht) 49.0 28.28/1 0 0 0/2
Dividend rate /1 (%) 64.71% 79.66 N/A N/A N/A

Remarks
/1 = Paid by cash of 5.32 million Baht, ordinary shares valued 22.96 million Baht
/2 = The company cannot pay dividend due to the separated financial statement reported accumulated deficit of 15.72 million Baht