Thai Coconut Public Company Limited proposed to the Annual General Meeting of Shareholders for the year 2023 to consider and approve the dividend payment from the performance results of the Company for the year 2023 in the form of cash at the rate of THB 0.45 per share for the total of 1,470,000,000 shares in total amount of THB 661,500,000 (six hundred sixty-one million five hundred thousand baht) which is calculated as a dividend payment rate of 107.20% of net profit for the year 2023 (separate financial statements). The Company has paid the interim dividend from retained earnings as of June 30, 2023 at the rate of THB 0.20 per share, totaling THB 294,000,000, and there remains an additional dividend that must be paid THB 0.25 per share, totaling THB 367,500,000 (Three hundred sixty-seven million, five hundred thousand baht), which paid from retained earnings the operating results from BOI privilege that has exempted from corporate income tax. Therefore, individual shareholders will not be deducted the withholding tax and cannot claim dividend tax credit.

However, the right to receive dividend is uncertain until the approval of the 2024 Annual General Meeting of Shareholders is granted. In this regard, the Board of Directors has determined the names of shareholders who are entitled to receive dividends (Record Date) on April 17, 2024 and scheduled cash dividend payment by May 2, 2024.