SC Asset Public : Approve the payment of interim dividend and incorporation the new subsidiaries

No. SC-L 087/2565

	10 August 2022
Subject:	Approve the payment of interim dividend and incorporation the new subsidiaries
To:	President
	The Stock Exchange of Thailand

In accordance with the Board of Directors' Meeting of SC Asset Corporation Public Company Limited ("the Company") No. 6/2565, held on 10 August 2022, at the meeting room 2, 9th floor, Shinawatra Tower III, No.1010 Viphavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District, Bangkok, the Meeting has resolved as follows:

1. Approved to pay interim dividend to shareholders. The net profit of the Company's Separate Financial Statement for the first half of the year 2022 is Baht 969,323,214 as of June 30, 2022 (January 1, 2022- June 30, 2022). The interim dividend will be paid at the rate of 0.08 per share or equivalent to 34.74% of the net operating profit amount to Baht 337,546,421.12 approximately. The dividend will be paid subject to corporate income tax at rate 20 percent and withholding tax of 10 percent for natural persons. Shareholders who are natural persons shall be entitled to dividend tax credit at the rate of 20/80 times of dividend received. In this regard, the interim dividend payment shall be payable to shareholders entitled to receive the dividend who are listed on the record date on August 25, 2022. The Company determined to pay such dividend payment on September 7, 2022
2. Approved to incorporate 2 new subsidiaries which the expected date of registration is within the 3rd quarter of 2022, the detail of which are as follows:
   2.1 SCX ONE COMPANY LIMITED

Name of Subsidiary	SCX ONE COMPANY LIMITED
Registered Capital	100,000,000 Baht (One Hundred Million Baht),
	divided into 10,000,000 ordinary shares with the
	par value of 10 Baht each.

Shareholding Ratio	SC Expedition Company Limited (SCX), the
	Company's subsidiary, holds the shares in the
	ratio 99.99 percent
Objectives	To conduct the business of real estate
	development
Board of Directors	1. Mr. Attapol Sariddipuntawat
	2. Mr. Manit Banchongthanakit
	3. Mr. Rachod Nantakwang
Source of the Capital	Cash flow from the Company's operation
Connected Nature	This Transaction is not a connected transaction
	in accordance with the Notification of Capital
	Market Supervisory Board No. TorJor. 21/2551
Size of Transaction	After calculation of the value of this asset
	acquisition and all asset acquisition of the
	Company which have occurred during the past
	six months, the transaction size does not fall
	within the disclosure requirement under the
	Notification of Capital Market Supervisory Board
	No. TorJor. 20/2551
2.2 SC ASSET FOUR COMPANY LIMITED
Name of Subsidiary	SC ASSET FOUR COMPANY LIMITED
Registered Capital	50,000,000 Baht (Fifty Million Baht), divided into
	5,000,000 ordinary shares with the par value of
	10 Baht each.
Shareholding Ratio	The Company holds the shares in the ratio
	99.99 percent

2

Objectives	To conduct the business of real estate
	development
Board of Directors	1. Mr. Nuttaphong Kunakornwong
	2. Mr. Attapol Sariddipuntawat
	3. Mr. Manit Banchongthanakit
Source of the Capital	Cash flow from the Company's operation
Connected Nature	This Transaction is not a connected transaction
	in accordance with the Notification of Capital
	Market Supervisory Board No. TorJor. 21/2551
Size of Transaction	After calculation of the value of this asset
	acquisition and all asset acquisition of the
	Company which have occurred during the past
	six months, the transaction size does not fall
	within the disclosure requirement under the
	Notification of Capital Market Supervisory Board
	No. TorJor. 20/2551

Please be informed accordingly.

Yours Sincerely,

-Signed-

(Mr. Somboon Kuptimanus)

Company Secretary

SC Asset Corporation Public Company Limited

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