Airports of Thailand : Resolutions of the 2020 Annual General Meeting of Shareholders of Airports of Thailand Public Company Limited

		(Translation)
Ref. No. 1158	22 January 2021
Subject: Resolutions of the 2020 Annual General Meeting of Shareholders of
	Airports of Thailand Public Company Limited
To:	President,
	The Stock Exchange of Thailand

Airports of Thailand Public Company Limited ("AOT") held the 2020 Annual General Meeting of Shareholders via Electronic Means (E-Meeting), pursuant to the criteria specified in Emergency Decree on Electronic Meetings, B.E. 2563 (2020),

on Friday, 22 January 2021 at 14.00 hrs., at the Auditorium, 2nd Floor, AOT Head Office Building, 333, Cherdwutagard Road, Sikan, Don Mueang, Bangkok. 1,818 shareholders, in person and by proxy, representing a total of 12,749,383,042 shares, attended the

E-Meeting. The shares presented in aggregate were more than one-third of the total shares sold of AOT (14,285,700,000 shares) and thus formed a quorum under Article 27, Paragraph 1, of the AOT Articles of Association. The following resolutions were passed at the E-Meeting:

1. Matters to be informed to the shareholders
   Resolution: The Meeting acknowledged the matters informed by the Chairman.
2. To acknowledge the 2020 operating results

Resolution: The Meeting acknowledged the report on the 2020 operating results as proposed.

3. To approve the Financial Statements for the fiscal year 2020 ended 30 September 2020

Resolution: The Meeting passed the resolution, with a majority of votes of the shareholders attending the meeting and having voting right, approving the Financial Statements for the fiscal year 2020 ended 30 September 2020 which were reviewed by the Audit Committee and audited by the authorized officer of the State Audit Office of the Kingdom of Thailand, AOT's auditor, respectively, with summary

as follows:

333 ถนนเชิดวุฒากาศ สีกันดอนเมืองกรุงเทพฯ 10210	333 Cherdwutagard Road, Srikan, Don Mueang, Bangkok 10210, Thailand WEBSITE : http://www.airportthai.co.t
โทรศัพท์: 66(0) 2535-1192	Tel	: 66(0) 2535-1192
โทรสาร : 66(0) 2535-4061	Fax	: 66(0) 2535-4061
ทะเบียนเลขที่ 0107545000292	Registration No. 0107545000292

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Totals assets	173,558.57 million Baht
Total liabilities		30,526.90 million Baht
Revenues from sales or services	31,179.10 million Baht
Net profit		4,320.68 million Baht
The vote results were as follows:
Approved	12,748,395,472	votes
Disapproved	1,522,100	votes
Abstained	152,101	votes
Voided ballot	-

4. To approve the distribution of dividends for the fiscal year 2020 operating results Resolution: The Meeting passed the resolution, with a majority

of votes of the shareholders attending the meeting and having voting right, approving

the distribution of dividends for the fiscal year 2020 operating results at the rate of Baht 0.19 per share, totaling Baht 2,714,283,000 or equivalent to 62.54 percent of the net profit of the Company's financial statements. The vote results were as follows:

Approved	12,750,346,912	votes
Disapproved	101	votes
Abstained	150,000	votes
Voided ballot	-

AOT fixed the record date for determining the names of shareholders who were entitled to receive dividends on 9 December 2020. The dividend payment will be made on 4 February 2021. The receipt of such dividend shall be within 10 years.

5. To elect new directors in replacement of those who retire by rotation

Resolution: The Meeting passed the resolution approving the election of AOT directors replacing those who retired by rotation as proposed, with vote results as follows:

5.1 Mr. Krit Sesavej (Independent Director)

Approved	12,739,966,913	votes
Disapproved	10,404,700	votes
Abstained	150,000	votes
Voided ballot	-

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5.2	Miss Supawan Tanomkieatipume (Independent Director)
	Approved	12,682,700,151	votes
	Disapproved	67,670,462	votes
	Abstained	151,000	votes
	Voided ballot	-
5.3	Air Chief Marshal Bhanupong Seyayongka (Independent Director)
	Approved	12,679,308,425	votes
	Disapproved	71,059,063	votes
	Abstained	154,125	votes
	Voided ballot	-
5.4	Mr. Thanin Pa-Em (Independent Director)
	Approved	12,659,062,046	votes
	Disapproved	91,297,283	votes
	Abstained	162,284	votes
	Voided ballot	-
5.5	Miss Suttirat Rattanachot (Independent Director)
	Approved	12,449,249,853	votes
	Disapproved	301,016,513	votes
	Abstained	255,247	votes
	Voided ballot	-

6. To approve the directors' remuneration

Resolution: The Meeting passed the resolution, with not less than two-thirds of total votes of the shareholders attending the meeting and having voting right, approving the remuneration package of AOT's directors and subcommittees for the fiscal year

2021 and directors' bonus for the fiscal year 2020 as follows:

1. 6.1 Remuneration of AOT directors

2. Each member shall receive monthly remuneration of Baht 35,000. The Chairman shall receive double monthly remuneration. For any tenure of less than a full month, the remuneration shall be made on a pro-rata basis.
3. Each member shall receive meeting allowance of Baht 30,000 per attended meeting. The Chairman or the Chairman of the meeting shall receive an extra
   25 percent of meeting allowance. The meeting allowance shall be paid once a month. However, if deemed appropriate, the meeting allowance shall be paid more than once a month, but not more than 15 times per year.

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1. 6.2 Remuneration of the subcommittees

2. Audit Committee
3. 
   6.2.1.1 Each member shall receive monthly remuneration of Baht 30,000. The monthly remuneration shall also be paid for the month during which no meeting is held. For any tenure of less than a full month, the remuneration shall be made on a pro-rata basis.
   6.2.1.2 The Chairman of the Audit Committee shall receive an extra 25 percent of monthly remuneration.
4. Any Board member who is appointed by the Board to be a member of a committee, subcommittee or working group
5. 1. Meeting allowance of Baht 15,000 per attended meeting.
   2. Chairman of the meeting shall receive an extra 25 percent of
      meeting allowance.
6. Meeting allowance payment for subcommittees

• Meeting allowance shall only be paid to directors attending the meeting of not more than 2 subcommittees altogether. Each of these subcommittees shall not be paid more than once a month.
• Flat rate monthly remuneration of the Audit Committee

shall be included as meeting allowance payment for subcommittees.

1. AOT directors' remuneration package for the fiscal year 2021 shall be in the amount of not exceeding Baht 18,000,000.
2. Directors' bonus for the fiscal year 2020
3. 
   Omit payment of directors' bonus for the fiscal year 2020 since AOT

has been affected by the Coronavirus Disease 2019 (COVID-19) pandemic, resulting in a significant decline in revenue and profits. In addition, AOT needs to maintain liquidity for airport development investments to support the future growth of air transportation.

However, apart from the above remuneration, there are no other benefits provided to directors.

The Meeting passed the resolution with the vote results as follows:

Approved	12,750,104,529	votes
Disapproved	154,784	votes
Abstained	273,700	votes
Voided ballot	-