Somboon Advance Technology PCL : To report the resolutions of the 2016 Annual General Meeting of Shareholders

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Translation

Ref. SAT-CS 007/2016

19 April 2016

Subject: To report the resolutions of the 2016 Annual General Meeting of Shareholders To: President

The Stock Exchange of Thailand

At the 2016 Annual General Meeting of Shareholders of Somboon Advance Technology Public Company Limited (the Company), held on 19 April 2016, the shareholders have resolved as follows:

1. That the minutes of the 2015 Annual General Meeting of Shareholders, held on 22 April 2015, be certified with the following votes:

   Approved 280,339,469 votes, equivalent to 99.99999 Disapproved - votes, equivalent to - Abstained 15 votes, equivalent to 0.00001

2. That the Company's operating results in respect of 2015, be acknowledged.

3. That the Company's audited balance sheet and profit and loss statements in respect of the fiscal year ended as at December 31, 2015, be approved with the following votes:

   
   

   Approved	297,770,730	votes, equivalent to	99.99999
   Disapproved Abstained	15 -	votes, equivalent to votes, equivalent to	0.00001 -

   
   

4. That the distribution of interim dividends, which were paid to the shareholders on 3 September 2015 at the rate of Baht 0.20 per share, totaling Baht 85,038,778.80, be acknowledged; provided that all dividends paid were derived from the BOI-promoted business.

   
   

5. That the distribution of the dividend to the Company's shareholders at the rate of Baht 0.40 per share, totaling Baht 170,077,557.60, be approved; provided that: (a) 3 March 2016 was fixed as the record date for determining the shareholders entitled to the dividend payment, (b) 4 March 2016 was fixed as the losing date of the share register book for preparing a list of the eligible shareholders under Section 225 of the Securities and Exchange Act, and (c) 10 May 2016 is the due date for dividend payment to the shareholders. The details of votes exercised by the shareholders are as follows:

   
   

   Approved Disapproved	301,057,781 -	votes, equivalent to 99.99999 votes, equivalent to -
   Abstained	15	votes, equivalent to 0.00001

   The dividend payout's rate derived from the Company's operating results in respect of the fiscal year ended as at 31 December 2015 equals to Baht 0.60 per share, which included the interim dividend payout's rate on 3 September 2015 at the rate of Baht 0.20 per share.

   
   

6. That the reduction of the registered capital by cancelling 1,517,915 authorized but unissued shares from the existing registered capital of Baht 426,711,809 to be the new registered capital of Baht 425,193,894 divided into 425,193,894 shares at the par value of Baht 1 each and the amendment to Clause 4 of the Company's Memorandum of Association so as to reflect the reduction of the registered capital, be approved with the following votes:

   Approved Disapproved	301,057,796 votes, equivalent to - votes, equivalent to	10 -
   Abstained	- votes, equivalent to	-

   0

   
   

7. That the re-appointment of the directors, who retired by rotation, namely Mr. Yongkiat Kitaphanich, Ms. Napatsorn Kitaphanich and Mr. Surasak Khaoroptham, as the Company's directors for another term, be approved with the votes as detailed below:

   
   

8. Mr. Yongkiat Kitaphanich (who did not vote on this item)

   
   

   Approved	294,390,906	votes, equivalent to	97.78549
   Disapproved	15	votes, equivalent to	0.00001
   Abstained	6,667,000	votes, equivalent to	2.2145

9. Ms. Napatsorn Kitaphanich (who did not vote on this item)

   Approved 294,023,380 votes, equivalent to 97.6633

   Disapproved - votes, equivalent to -

   Abstained 7,034,791 votes, equivalent to 2.3367

10. Mr. Surasak Khaoroptham (who did not vote on this item)

    
    

    Approved	297,535,356	votes, equivalent to	98.8299
    Disapproved	3,517,000	votes, equivalent to	1.1682
    Abstained	5,815	votes, equivalent to	0.0019

    
    

11. That the directors' remuneration for 2016 in the amount of Baht 13 million according to the details below, be approved:




1. the monthly remuneration and meeting allowances in the total amount of Baht 8 million, be made as follows:

   
   

2. the annual bonus in respect of 2016 in the total amount of Baht 5 million, be paid to 9 directors. The details of the votes exercised by the shareholders in this agenda (the directors' remuneration for 2016) are as follows:




Approved	290,647,848	votes, equivalent to	96.5421
Disapproved	3,988,790	votes, equivalent to	1.3249
9.	Abstained That the appointment	6,421,533 of the following auditors	votes, equivalent to from KPMG Phoomchai	2.1330 Audit Limited as the

auditors of the Company for 2016 with the auditor's fee of Baht 1,401,000 per year, be approved:




1. Mr. Sakda Kaothanthong of CPA No. 4628 and/or

2. Mr. Boonyareut Thanomcharoen of CPA No. 7900 and/or

3. Mrs. Siripen Sookchoroenyingyong of CPA No. 3636

The details of the votes exercised by the shareholders in this agenda are as follows: Approved 289,372,225 votes, equivalent to 96.1184

Disapproved - votes, equivalent to - Abstained 11,685,946 votes, equivalent to 3.8816

Please be informed accordingly. Yours sincerely,

-Signature-




Ms. Napatsorn Kitaphanich Executive Vice President