Taokaenoi Food & Marketing Public Company Limited announced that at the board meeting held on February 22, 2024 approved to propose the Shareholders' Meeting to consider and approve the un-appropriation of net profits of 2023 as legal reserve as the Company's legal reserve had already reached 10% of the registered capital of the Company, and approved the dividend payment to the shareholders from the Company's operation results from January 1, 2023 to December 31, 2023 in the amount of THB 634,800,000, at the rate of THB 0.46 per share or equivalent to 84.06% of the profit for the year according to the separate financial statements. In the regards of Company's operating results of the year 2023, the Company has proceeded and completed with the payment of the interim dividend for 2 times as follows: - The Company has first proceeded and completed with the payment of the interim dividend from the first half year of the Company's operation on September 6, 2023 in the amount of THB 289,800,000, at the rate of THB 0.21 per share. The Company has second proceeded and completed with the payment of the interim dividend from the three-month period ended September 30, 2023 of the Company's operation on December 7, 2023 in the amount of THB 138,000,000, at the rate of THB 0.10 per share.

Therefore, the Company remains the dividend to be paid in the last term in the totaling of THB 207,000,000, at the rate of THB 0.15 per share. An individual shareholder would be entitled to a tax credit pursuant to Section 47 bis of the Revenue Code as follow: The dividend of THB 0.125 per share, paid from profit of the business unit which is exempted to pay the corporate income tax according to the Board of Investment (BOI). An individual shareholders shall receive dividend without withholding tax deduction, and cannot be credited.

The dividend of THB 0.025 per share, paid from profit which subject to 20% corporate income tax which can be credited. In this regard, the Company scheduled the date to determine the name of the shareholders who are entitled to receive the dividend on March 8, 2024 (Record Date). However, the right to receive dividend payment is subjected to the approval of the 2024 Annual General Meeting of the Shareholders.

The Company will pay such dividend on May 7, 2024.