Dividend Policy and Payments

Thai Credit has a policy to pay dividends to shareholders in accordance with the notifications of the Bank of Thailand and as required by relevant laws. Thai Credit's Board of Directors will consider the dividend payment by taking into account the ability to pay dividends out of its net profits in accordance with the standalone financial statements after deduction of corporate income tax and all types of reserves as required by laws and as determined by Thai Credit in each respective year. Such dividend payments must not exceed the retained earnings under the separate financial statements. In the event that Thai Credit's financial statements have an accumulated loss, Thai Credit will not pay any dividends. Thai Credit's Board of Directors will consider the ability to pay dividends based on legal requirements and Thai Credit's articles of association by adhering to the principle of prudency and through taking into account various factors for the benefit of shareholders, including economic conditions, operating results, financial conditions, cashflow, investment and business expansion plans, reserves for debt repayments, compliance with conditions under various agreements, Thai Credit's working capital, and potential future risks as well as other necessities and suitability in the future that Thai Credit's Board of Directors deems suitable or appropriate.

Thai Credit's Board of Directors Meeting No. 2/2023, held on 22 February 2023, approved in principle the dividend payment rate for year 2024 to 2027, which is expected to be between approximately 5% to 20% of net profits in each respective year as mentioned above. However, before approving the dividend payment, Thai Credit must comply with laws and consider the requirements specified in the dividend payment policy mentioned above.