Page 40 - PSTC - One Report 2023 (EN)

Annual Report 2023 (Form 56-1 ONE REPORT)
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1.6 Dividend Payment Policy
Company and Subsidiary company has policy to pay dividends to shareholders at a rate of no less than 50% of the net profit of the company’s separate financial statements after deduction of taxes, legal reserves and other reserves (if any). However, such dividend payments are subject to change, depending on the Company’s performance, financial position, liquidity, business expansion, need for working capital to operate, future investment and business expansion plans market conditions, suitability and other current factors in relation to the work and management of the Company under the terms and conditions stated, provided that the Company has sufficient cash to conduct its business and that the aforementioned action will result in maximum benefits for shareholders as deemed fitting by the Board of Directors and/or shareholders of the Company.
The resolution of the Board of Directors approving the dividend payment must be presented for approval to the shareholders’ meeting, except for the payment of interim dividends, which the Board of Directors has the authority to approve and report to the shareholders’ meeting at the next meeting.