Villa Kunalai Public Company Limited at its board meeting held on 21 February 2024, approved to propose to the shareholders' meeting for consideration and approve the omission of dividend payment for the Company's operating results of the year ended 31 December 2023. The reason for the omission is that the Company already complied with its dividend policy where the Company shall pay at least 40% of its net profit by the time it paid the interim dividend at the rate of 61.25% of its net profit according to its separate financial statements. Moreover, the Company has assessed the risks in association with its business operation in terms of e.g. the fluctuation of the economy and the adjustments of interest rates.

As a result, there is a need that the Company shall preserve the fund as its working capital and for the operations of various projects. In this regard, the Company has already paid the interim dividend at the rate of THB 0.035 per share to shareholder on 8 December 2023.