No. CS 16/2017
24 April 2017
Subject : Resolution of the 2017 Annual General Meeting of Shareholders. Attention : Board of Governors and the President
The Stock Exchange of Thailand
Please be informed that the following resolutions were passed at the Annual General Meeting of Shareholders 2017 of Kaset Thai International Sugar Corporation Company Limited (the "Company"), held on 24 April 2017 at 13.30 hrs. at Cattleya Room ,1st Fl., Rama Gardens Bangkok Hotel ,9/9 Vibhavadi Rangsit Road, Lak-Si District Bangkok, details of which were as follows:
Agenda Item 1 To consider and acknowledge the Management Performance Report for the year2016.This agenda item is only for acknowledgement. There is, therefore, no voting required.
Agenda Item 2 To consider and approve the Financial Statements for the year ending 201 6 as at December 31, 2016.The shareholders' meeting approved the 2016 financial statements for the year ending 31 December 2016 which was already audited by the auditor and considered by the Audit Committee with the resolution passed by the majority vote of the shareholders who attended the meeting and cast their votes as follows:
Approved | 3,507,397,336 | Votes, equal to % | 100.0000 |
Disapproved | 0 | Votes, equal to % | 0.0000 |
Abstained | 0 | Votes, equal to % | - |
Void | 0 | Votes, equal to % | 0.0000 |
The shareholders' meeting approved the allocation of the net profit as a legal reserve in the amount of Baht 11,249,693 and the total dividend payment for the year 2016 would be Baht 386,000,001 at the rate of Baht
0.10 per share which is paid from (a) the results of business operations for the fiscal year 2016 in the amount of Baht 193,000,000.50 at the rate of Baht 0.05 per share (calculated as 85.78 percent of the net profits from Separate Financial Statements for the fiscal year 2016), and (b) retained earnings in the amount of Baht 193,000,000.50 at the rate of Baht 0.05 per share and specified the date to determine the names of the shareholders who are entitled to receive the payment of dividends (Record Date) on May 4, 2017 and the date to collect the names of the shareholders according to Article 225 of the Securities and Exchange Act B.E. 2535 (1992) (including any amendment thereto) by closing the share register book on May 5,2017 and the dividend payment date on May 16,2017 with the resolution passed by the majority vote of the shareholders who attended the meeting and cast their votes as follows:
Approved | 3,507,483,336 | Votes, equal to% | 100.0000 |
Disapproved | 0 | Votes, equal to% | 0.0000 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
The shareholders' meeting approved the election of the following person who are retiring directors in 2016 to perform their duty another term
1. | Mrs.Darat | Vibhatakalasa | Director |
2. | Mr.Prasert | Siriviriyakul | Director |
3. | Mr.Nathapun | Siriviriyakul | Director |
4. | Mr.Sathaporn | Kotheeranulak | Independent Director |
5. | Mr.Phoonsak | Boonsalee | Independent Director |
with the resolution passed by the majority vote of the shareholders who attended the meeting and cast their votes as follows:
1. Mrs.Darat Vibhatakalasa | |||
Approved | 3,507,383,336 | Votes, equal to% | 99.9971 |
Disapproved | 100,000 | Votes, equal to% | 0.0028 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
2. Mr.Prasert Siriviriyakul | |||
Approved | 3,507,483,336 | Votes, equal to% | 100.0000 |
Disapproved | 0 | Votes, equal to% | 0.0000 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
3. Mr.Nathapun Siriviriyakul | |||
Approved | 3,507,483,336 | Votes, equal to% | 100.0000 |
Disapproved | 0 | Votes, equal to% | 0.0000 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
4. Mr.Sathaporn Kotheeranulak | |||
Approved | 3,507,383,336 | Votes, equal to% | 99.9971 |
Disapproved | 100,000 | Votes, equal to% | 0.0028 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
5. Mr.Phoonsak Boonsalee | |||
Approved | 3,507,383,336 | Votes, equal to% | 99.9971 |
Disapproved | 100,000 | Votes, equal to% | 0.0028 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
The shareholders' meeting approved the director's remuneration and meeting allowance for the year 2016 fixed at the same rate as approved by the 2016 Annual General Meeting of Shareholders as follows:
1. | Directors' remuneration |
Chairman | Baht 50,000 per month |
Director | Baht 25,000 per month |
Board of Directors' meeting allowance | |
Chairman's meeting allowance | Baht 50,000 per meeting |
Director's meeting allowance | Baht 25,000 per meeting |
2. | Audit Committee's meeting allowance |
Chairman | Baht 60,000 per meeting |
Committee Member | Baht 30,000 per meeting |
3. | Risk Management Committee's meeting allowance |
Chairman | Baht 40,000 per meeting |
Committee Member | Baht 20,000 per meeting |
4. Nomination and Remuneration Committee's meeting allowance
Chairman Baht 40,000 per meeting
Committee Member Baht 20,000 per meeting
The resolution was passed by not less than two-third (2/3) of the total votes of shareholders attending the meeting and having the right to votes as follows:
Approved | 3,507,484,336 | Votes, equal to% | 100.0000 |
Disapproved | 0 | Votes, equal to% | 0.0000 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
The shareholders' meeting approved to appoint
Names of Auditors | Certified Public Accountant Registration No. |
1. Miss Manee Rattanabunnakit | 5313 |
2. Miss Sumalee Reewarabandith | 3970 |
3. Mr. Termphong Opanaphan | 4501 |
as the auditor of the Company for the year 2017 with the auditor's fee in the amount 1,240,000 Baht with the resolution passed by the majority vote of the shareholders who attended the meeting and cast their votes as follows:
Approved | 3,507,485,836 | Votes, equal to% | 100.0000 |
Disapproved | 0 | Votes, equal to% | 0.0000 |
Abstained | 0 | Votes, equal to% | - |
Void | 0 | Votes, equal to % | 0.0000 |
Please be informed accordingly
Sincerely yours,
(Mr. Nathapan Siriviriyakul)
Director and Deputy Chief Executive Officer - KTIS Group
Corporate Secretary Department Tel: (66)2 692 2869 - 73 ext. 175
Email: cs@ktisgroup.com