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Ref. CS.22/2020

30 November 2020

Subject:

The 2021 Annual General Meeting of Shareholders and No Dividend Distribution.

Attention:

President

The Stock Exchange of Thailand

The Board of Directors' Meeting No. 1/2021 of Kaset Thai International Sugar Corporation Public Company Limited (the "Company"), held on November 30, 2020 passed the resolutions of the schedule for 2021 Annual General Meeting of Shareholders which will be held on Monday, January 25, 2021 at 13.30 hrs. at Suvitsakdanont Room 5th Floor ,TK. Palace Hotel & Convention ,Chaengwattana Rd., Soi 15, Thungsonghong, Laksi, Bangkok. The Record Date to determine the shareholders who are entitled to attend the meeting on December 15, 2020. The agenda of the 2021 Annual General Meeting of Shareholders will be as follows:

  1. To consider and acknowledge the Management Performance Report for the year 2020.
    Opinion of the Board of Directors: Agreed to propose that the Meeting of Shareholders consider and acknowledge the Management Performance Report for the year 2020.
  2. To consider and approve the Financial Statements for the year ending 2020 as at September 30, 2020.

Opinion of the Board of Directors: Agreed to propose that the Meeting of Shareholders consider and approve the financial statements for the year ending 2020 as at September 30, 2020, which have been audited by the Certified Public Accountant and considered by the Audit Committee.

3. To consider and approve the allocation of the net profits as legal reserves and the omission of dividend payment for the year 2020.

Opinion of the Board of Directors: Agreed to propose that the Meeting of Shareholders consider and approve the allocation of the net profits as legal reserves in the amount of Baht 18,958,006.00, and to omit the dividend payment for the year 2020. Since the drought situation has caused the amount of sugarcane significantly decrease. Therefore, the broad of directors resolved to omit the dividend payment for the year 2020 to increase the liquidity and cashflow reserve for business.

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4. To consider and approve the appointment of directors in replacement of the directors who will retire by rotation. Opinion of the Board of Directors: The Board of Directors, excluding the Directors who have conflict of interest in this matter, agreed with the Nomination and Remuneration Committee's recommendation to propose that the Meeting of Shareholders consider and approve appointment the new election of directors in replacement of the directors who will retire by rotation as the Company's directors for another term:

1.

Mr.Pricha

Attavipach

Chairman

2.

Mr.Sirivuthi

Siamphakdee

Director

3.

Mr.Parphan

Siriviriyakul

Director

4.Acting Sub Lt. T-rayooth

Changpetch

Independent Director

5.Mr. Issakan

Krivitthaya

Independent Director

5. To consider and approve the remuneration and attendance fee of directors for the year 2021.

Opinion of the Board of Directors: The Board of Directors, agreed with the Nomination and Remuneration Committee's recommendation to propose that the Meeting of Shareholders consider and approve the remuneration and attendance fee of directors and sub-committee for the year 2021 at the same rate as that approved for the year 2020, the details of which are as follows:

Committee

Remuneration

Attendance Fee

per month

per meeting

Board of Director

Chairman

50,000

50,000

Director

25,000

25,000

Audit Committee

Chairman

-

60,000

Member

-

30,000

Risk Management Committee

Chairman

-

40,000

Member

-

20,000

Nomination and Remuneration Committee

Chairman

-

40,000

Member

-

20,000

RemarkThere are not any other benefit

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  1. To consider and approve the appointment of the Company's auditor and the auditor's fee for the year 2021. Opinion of the Board of Directors: Agreed to propose that the Meeting of Shareholders consider and approve the appointment of the Company's auditor and the auditor's fee for the year 2021. The Board of Directors proposed that Miss Vilailak Laohasrisakul, Certified Public Accountant Registration No. 6140and/or Mr. Termphong Opanaphan, Certified Public Accountant Registration No. 4501 and/or Miss Manee Rattanabunnakit, Certified Public Accountant Registration No. 5313 of EY Office Limited be appointed as the auditors of the Company for the year 2021 with a total remuneration of not exceeding Baht 1,290,000
  2. Other matters (if any)

Please be informed accordingly.

Sincerely yours,

(Mr.Nathapun Siriviriyakul) Director and Deputy to Chief Executive Officer

Authorized to sign on behalf of the Company

Company secretary

Tel (+66) 2-692-0869-73 ext. 175

Fax (+66) 2-692-0876

Email cs@ktisgroup.com

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KTIS - Kaset Thai International Sugar Corporation pcl published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 10:34:00 UTC