Page 18 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

1.4.2 In year 2011, major shareholder Tycoons Group International Co., Ltd has set
aside 60,000,000 shares of Tycoons Worldwide Group (Thailand) Public Co., Ltd (about
9.94% of total outstanding common shares of Tycoons Worldwide Group (Thailand)
Public Co., Ltd) to issue 30,000,000 units of Taiwan Depository Receipt (TDR) in
Taiwan Stock Exchange and has been listed on Sep. 29, 2011.

1.5 Dividend payment policy
The dividend payment policy of the company is that dividends will be paid at a rate
of no less than 40 percent of the Company’s net profit after corporate income tax each
year. However, many factors must be took into consideration before deciding to pay a
dividend, including operation results and financial status, the company’s liquidity,
business expansion and other factors related to management of the company. In order
to pay a dividend, such payment must be agreed upon at a shareholders meeting with
consent of the company’s board of directors.
If there is any profit after the final accounts of such financial year, the company
may allocate the profits in the following orders, provided that the company shall first
apply such profits to pay off its tax payment then compensate for its accumulated
losses:

(1) Set five percent of the remaining profits as reserve fund.
(2) Upon properly reserving the fund for reserve fund, set one percent of
the remainder of the profits as directors’ bonus.
(3) Upon properly reserving the fund for reserve fund, the employees’
bonus shall be set in the range between two to five percent of the
remainder of the profits.
(4) After the funds for items 1 to 3 are properly reserved, at least forty
percent of the remainder of the profits plus the accumulated and
undivided profits of previous year shall be set as dividends (deducting
the distributed interim dividends). The dividends to be distributed in
the form of cash shall not be less than fifty percent of the distributable
dividends. No distribution shall be allowed if divided per share is less
than THB 0.2.

1. The dividend was paid: the company omitted annual dividend for 2017, 2018
and 2019.
2. The payment rate compared to the net profit: the company omitted annual
dividend for 2017, 2018 and 2019.

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