Page 176 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

7. Participate community or society developing

The Company realize level of education, culture, quality of life, safe and sanitation of
community, and considering enterprise’s operation will influence environment, we will actively
participate government and community’s activities, contributing to economic welfare of
community and social development, encouraging our employees join community’s public service
activities.

8. Implement innovation about responsibilities for social、environmental and stakeholders,
and disseminate innovation

Tycoons will seeking newer, better and timely management and production mode constantly
in our operation, improve and implement well corporate governance, create profit to stockholders
as feedback, respect the rights of other stakeholders, maintain and improve safety and health of
employees, cultivate mutual trust between enterprise and society where we operated in,
participation in social care, maintain and improve facilities to saving energy、reduce wastewater
、litter、exhaust emissions, reduce pollution, protection of environmental sustainability.

Effective date: November 13, 2014.

4. Dividend Policy

The dividend payment policy of the Company must be taken into consideration first 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, and
prepared the profits distribution list by the board of directors in the following order, and only for
dividend payment must be agreed upon at shareholders meeting.

If there is any profit after the final accounts of such fiscal year, the company may allocate
the profits in the following order, 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 reserve fund, set one percent of the remainder of the profits as

directors’ bonus.
3. Upon properly reserving reserve fund, the employees’ bonus shall be set in the range
between two to five percent of the remainder of the profits.

4. After items 1 to 3 are properly reserved, at least forty percent of the remainder of the
profits plus retained earnings-unappropriated 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.

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