The Asset Management Company appoints the Bank as a Selling Agent for selling, repurchasing and switching the unit trust and provides advisory service under the Distribution Agent Agreement following the SEC regulations and other applicable laws. 4. Dividend Policy The Bank’s policy The Bank has set out a policy on the dividend payment from financial statements (Bank only). The dividend payment is subject to the Bank’s operating performance, the long-term benefits to the Bank’s shareholders, the Bank’s capital adequacy and reserve requirements as well as the relevant legal conditions and BOT’s Notification. In addition, the dividend payment must comply with the Bank’s Articles of Association number 43 which states that dividend shall not be paid other than out of profits, and if the Company still has accumulated losses, no dividend shall be paid. Policy of subsidiary companies Subsidiary companies’ dividend payments are subject to the approval of their respective boards of directors and to be proposed at their shareholder meetings for approval. The Bank has not set out a payment rate. Their dividend payments will depend on their operational performance and business plans and must be complied with each company’s regulations and relevant laws governing the company’s dividend payment. 97 Form 56-1 One Report 2021
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