The board of directors of Malaysia Smelting Corporation Berhad announced the adoption of a dividend policy of distributing at least 30% of its net profit attributable to the owners of the company with effect from the financial year ended 31 December 2023 (Dividend Policy). The company will endeavour to maintain the policy, subject to ongoing assessment depending on capital and cash flow requirements, market conditions, and other factors the board of directors (the board) of the company deem relevant.