Sermsang Power Corporation Public Company Limited announced stock dividend distribution from the Company operating result of the year 2021 and retained earnings to the shareholders of the Company is in the amount of not exceeding 113,632,364 shares with the par value of THB 1 per share to the shareholders at the ratio of 10 existing shares per 1 new share, which is equivalent to THB 113,632,364 or equivalent to the dividend payout ratio of THB 0.1000000000 per share. In the event that any shareholder has fractions of shares from the said stock dividend allocation, the Company will pay a cash dividend instead at the rate of THB 0.1000000000 per share for the fraction of such shares. The cash dividend distribution shall be made at the rate of THB 0.0111111114 per share, totaling THB 12,625,818 to cover withholding tax at the rate of 10 % of income under Section 50 (2) (e) of the Revenue Code to the dividend recipient. The total of dividend payment of THB 0.1111111114 per share or equivalent to not exceeding THB 126,258,182 All dividends both in the form of stock and cash dividend shall be subject to withholding tax at the rate determined by the laws, whereby the Company shall use the cash dividend to pay withholding tax. In this regard, the Company has schedule May 6, 2022 as the date for determining the names of the shareholders who are entitled to dividend payment (Record Date) and the Company shall distribute the dividends on
May 25, 2022. Nevertheless, such entitlement for dividend payment is subject to change, as the matter is required to be further approved by the shareholders' meeting.