Dividend Information

Amata Corporation Public Company Limited and its subsidiary companies have the policy to pay dividend at minimum 40% of the net profit from the operating performance of each year depending on economic atmosphere of the country, industrial estate market condition and cash flow position of the Company starting from 1995/1996.

In 2007, due to the change of the accounting policy under the announcement of the Federation of Accounting Professions under which investments in subsidiaries, jointly controlled entities and associates are to be presented in the separate financial statements under the cost method rather than the equity method. But in the consolidated financial statements, we still apply the equity method. This will reflect the difference of the net profit in the financial statements of the company only and the consolidated one.

So, the Company shall pay dividend from the profit of the financial statements of the Company only. The Company will not pay dividend when there is loss in the consolidated financial statements. Also, the Company will not pay dividend if after dividend distribution, the retained earnings in the consolidated financial statements turns to be a loss.

Currently, the dividend payment policy of the Company has been modified in line with the resolution of the Board of Directors' Meeting of Amata Corporation Public Company Limited No. 2/2024 on February 28, 2024, which states that the Company will pay dividends to its shareholders at the rate of not less than 40 percent of net profits calculated from the consolidated financial statements after deducting taxes and allocating various types of reserves as required by laws and designated by the Company per each year, as well as its obligations under the terms and conditions of financial agreements (if any). Such payable dividends are required not to exceed the retained earnings from the Company’s consolidated financial statements. The aforementioned dividend payment may vary from the specific rate, subject to certain circumstances: operating performance, cash flow, financial liquidity, financial position, investment plan, the Company’s working capital reserves, conditions and restrictions as specified in the financial agreements, economic conditions, industrial estate business’ market conditions, legal requirements, as well as other necessities and future economic optimality.

However, the resolution of annual dividend payment is required to be passed by the Board of Directors and approved by the Annual General Meeting of Shareholders, except for interim dividend payment of which the Board of Directors may approve, from time to time, in the case that the Company has reasonably sufficient profits to do so. In this respect, the Company shall be required to declare such dividend payments to the following shareholders’ meeting. However, the Company may consider paying dividends at a rate other than specified in the dividend payment policy, or refrain from paying such dividends, as the Board of Directors deems appropriate.