Dividend Policy

 

JAKPAISAN ESTATE PUBLIC COMPANY LIMITED ("Company") will pay dividend at the minimum rate 40% of the Net Profit as per Company's Financial Statements after reserve fund deduction as defined by Company's rules and regulations. However, the dividend payment will not be over than the Retained Earnings of Company's Financial Statement and the dividend will not be paid in case of the Company's Retained Earnings was at loss status. Anyhow, the Company might act and consider to pay the dividend less than mentioned above depends on the operating performances, financial status, Company's liquidity including working capital using for the Company's future business strategy and other factors related to Company's management as the board deems it appropriate.

 

The dividend payment must be approved by shareholder meeting except the interim dividend payment which Company's Board of Directors may approve for occasionally payment in case of Company's sufficient profits. By paying such interim dividend, it must be reported to all shareholders in the next shareholder meeting.