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Dividend Policy & Payment

Company's dividend payment policy for the shareholders: the Company has established the dividend payment policy to pay the dividend for each year at no less than 50 percent of the net profit according to the separate financial statements after deductions of legal provisions set forth in the Company’s regulations and relavant laws, provided that such dividend payment would not have significant impact to the Company’s normal business operation

The Company was able to pay out dividend to its shareholders starting from 2004 after the Company started to generate profits after having deducted all the loss carried forward. Details on the dividend payment in 2015 are as follows:

Dividend 2016* 2015 2014
Earnings Per Share (Baht Per Share) 0.39 0.33 0.29
Dividend per Share (Baht per Share) 0.30 0.25 0.27
Dividend Payout Ratio (%) 76.92 75.76% 93.10%
Dividend Paid (million Baht) 284 262 283
Number of Paid - up Common Shares (Million Shares) 1,048 1,048 1,048
Number of Treasury Shares (Million Shares) 100 - -
Par Value (Baht per share) 1.00 1.00 1.00

Remark
* In year 2016, there was change in the Company’s registered capital (details can be seen in the “Significant Changes in the Past Year” on page 57). According to the Table above for year 2016, the projected dividend payment was calculated based on the number of issued and paid-up shares deducted by the number of treasury stock remaining as of the end of year 2016; however, the actual number of shares with right to receive the dividend must be calculated based on the number of issued and paid-up shares deducted by the number of treasury stock remaining as at the Record Date of March 7, 2017.

Dividend Payment of the Subsidiary Company

Subsidiary Company's dividend payment policy for the Company: the subsidiary company has established the dividend payment policy to pay the dividend every time. The subsidiary company must appropriate fund for reserve capital for at least one-twentieth of the net profit according to the separate financial statements, which the subsidiary company has made from its business operation until such reserve capital reaches one-tenth of the capital of the subsidiary company or more.