Sermsang Power Corporation Public Company Limited at the Board meeting held on February 28, 2024 approved to propose the 2024 Annual General Meeting of Shareholders to consider and approve the allocation of net profit as a legal reserve at the amount of THB 17,711,555 and dividend payment derived from operating result of the year 2023. The details of dividend payment are as follows: The cash dividend distribution at the rate of THB 0.10 per share, approximately total of THB 137,382,557 or equivalent to 16.9% of the profit for the year according to the separate financial statements. However, the Company is currently in the process of the share repurchase project for financial management purpose since November 17, 2023 until May 16, 2024 which the Company's shares received from the share repurchase project for financial management purpose will not be entitled to receive dividend payment.

The Company has a policy to pay dividends to shareholders of not less than 40.0% of the net profit according to the separate financial statements of the Company, after the reduction of the corporate income tax and all types of reserves required by law and the Company in each year. In this regard, the dividend payment is subject to the future investment, and business expansion including other factors as deemed necessary and appropriate by take the best benefit to the shareholder into account. In this regard, the Company has scheduled May 8, 2024 as the date to determine the names of the shareholders who are entitled to receive the dividend payment (Record Date) and the Company will distribute the dividends on May 25, 2024.

Nevertheless, such entitlement for dividend payment is uncertain and subjected to the approval of the shareholders' meeting to be held on April 26, 2024.