Avi-Tech Holdings Limited announced that the Board has proposed a One tier tax exempt final cash dividend of 1.0 cents per ordinary share for the year ended June 30, 2022. The total expected dividend payout of $3.0 million is equivalent to 95.5% of the net profit for fiscal year 2022. With the interim dividend of 0.75 cents per ordinary share, the total dividend paid out in FY2022 represented a dividend yield of 5.4%.

The proposed one-tier tax exempt final dividend, which shall be subject to shareholders' approval at the forthcoming annual general meeting of the Company, are payable on 29 November 2022. Notice is hereby given that the Transfer books and the Register of Members will be closed on 14 November 2022 for the preparation of the final dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares at 5:00 p.m. on 11 November 2022 will be entitled to the final dividend.