RPCG Public Company Limited Announces Resignation of Chirdsak Kukiattinun as Independent Director and Audit Committee; Announces Suspension of Dividend for 2013
According to the Company's dividend policy, which states that the Company shall make dividend payment at no less than 50% of the Net Profit after Tax, but the Company had Net Loss in 2013 due to total plant shutdown for the unknown period of time since PTT Public Company Limited ("PTT") stopped delivering raw material to the Company from February 2012 onwards. PTT action is in breach of clause 15.5 of the Agreement. The related legal arbitrations and court case are now in process. As the Company Financial Statement shows Retained Loss (negative Retained Earnings), the Company is unable to make dividend payment. Therefore, the Board of Directors deems it appropriate not to pay dividend in 2014.