Star Petroleum Refining Public : Notification of the Resolution of 2020 Annual General Meeting of Shareholders

STAR PETROLEUM REFINING PUBLIC COMPANY LIMITED

บริษัท สตาร์ ปิ โตรเลียมรีไฟน์นิ่ง จ ากัด (มหาชน)

เลขทะเบียนนิติบุคคล0107555000155

(Translation)

No. SPRC-CF-OUT20-265

25 September 2020

Subject:	Notification of the Resolution of 2020 Annual General Meeting of Shareholders
To:	The President
	The Stock Exchange of Thailand

Star Petroleum Refining Public Company Limited (the "Company") held the 2020 Annual General Meeting of Shareholders on Friday 25 September 2020 at 09:30 hr. at Vibhavadee Ballroom, Lobby Floor, Centara Grand at Central Plaza Ladprao Bangkok, 1695 Phahonyothin Road, Chatuchak, Bangkok 10900. At the commencement of the meeting, there were 548 shareholders attending the meeting in person and by proxy holding in aggregate 3,287,649,145 shares, representing 75.8239% of the total issued shares of the Company. The resolution of the meeting can be summarized as follows:

1. Certified minutes of the 2019 Annual General Meeting of Shareholders held on 10 April 2019 by the majority votes of the shareholders attending and eligible to vote at the meeting. The details are as follows:

	Approve	Disapprove	Abstain	Voided Ballot
Number of Votes	3,331,443,216	23,801	105	0
Percentage	99.9992	0.0007	0.0000	0.0000

2.	Acknowledged 2019 Company's performance and 2019 Annual Report
3.	Approved audited financial statements year-ended 31 December 2019 by the majority votes of the
	shareholders attending and eligible to vote at the meeting. The details are as follows:
		Approve	Disapprove	Abstain	Voided Ballot
	Number of Votes	3,330,627,514	26,301	2,450,005	5,000
	Percentage	99.9255	0.0007	0.0735	0.0001
4.	Acknowledged the interim dividend Company's unappropriated retained earnings as of 31 December
	2019 and approved no distribution of annual dividend payment for the year 2019 by the majority vote of
	the shareholders attending and eligible to vote at the Meeting. The details are as follows:
		Approve	Disapprove	Abstain	Voided Ballot
	Number of Votes	3,332,751,414	352,301	13,105	5,000
	Percentage	99.9888	0.0105	0.0003	0.0001

5. Approved the election of two directors, who obtained the highest number of votes by the majority of votes of the shareholders attending and eligible to vote at the meeting, for replacement of the directors who will be retired by rotation, having details as follows:

No. 1, I-3B Road, Map Ta Phut, Amphur Muang Rayong, Rayong Province 21150, Thailand. Tel. [phone] Fax [phone]

เลขที่ 1ถนน ไอ - 3บี ต ำบลมำบตำพุด อ ำเภอเมืองระยองจังหวัดระยอง21150 โทร. [phone] โทรสำร [phone]

STAR PETROLEUM REFINING PUBLIC COMPANY LIMITED

บริษัท สตาร์ ปิ โตรเลียมรีไฟน์นิ่ง จ ากัด (มหาชน)

เลขทะเบียนนิติบุคคล0107555000155

(1) Mr. Brant Thomas Fish, Director (re-election)

	Approve	Disapprove	Abstain	Voided Ballot
Number of Votes	3,312,798,013	19,586,202	494,005	216,600
Percentage	99.3910	0.5876	0.0148	0.0064
(2) Mr. Nicolas Michel Bossut, Director (re-election)
	Approve	Disapprove	Abstain	Voided Ballot
Number of Votes	3,326,675,963	6,000,652	199,805	218,400
Percentage	99.8074	0.1800	0.0059	0.0065

6. Approved the directors' remuneration for year 2020. The directors' remuneration package is the same package as applied in the previous year. Such package was in approved by the Nomination, Remuneration and Corporate Governance Committee, having details as follows:

	Monthly Fee		Meeting Allowance
For 2020	(Baht/Month)		(Baht/Meeting)
Chairman	Vice		Member	Chairman	Vice	Member
	Chairman		Chairman
Board of Directors	180,000	170,000		145,000	25,000	20,000	20,000
Audit Committee	-	-		-	40,000	-	30,000
Nomination, Remuneration and	-	-		-	40,000	-	30,000
Corporate Governance Committee
Human Resources Committee	-	-		-	40,000	-	30,000

The Company does not provide bonuses for directors.

The resolution was passed by at least two-third votes of the shareholders attending the meeting, excluding the vote of the shareholders having a special interest on this matter. The details are as follows:

	Approve	Disapprove	Abstain	Voided Ballot
Number of Votes	3,331,897,014	190,501	1,001,105	18,000
Percentage	99.9637	0.0057	0.0300	0.0005

No. 1, I-3B Road, Map Ta Phut, Amphur Muang Rayong, Rayong Province 21150, Thailand. Tel. [phone] Fax [phone]

เลขที่ 1ถนน ไอ - 3บี ต ำบลมำบตำพุด อ ำเภอเมืองระยองจังหวัดระยอง21150 โทร. [phone] โทรสำร [phone]

STAR PETROLEUM REFINING PUBLIC COMPANY LIMITED

บริษัท สตาร์ ปิ โตรเลียมรีไฟน์นิ่ง จ ากัด (มหาชน)

เลขทะเบียนนิติบุคคล0107555000155

7. Approved the appointment of Mr. Chanchai Chaiprasit holding CPA License No. 3760 and/or Mr. Boonrueng Lerdwiseswit holding CPA License No. 6552 and/or Mr. Pongthavee Ratanakoses holding CPA License No. 7795 of PricewaterhouseCoopers ABAS Limited as the Company's auditor(s) for year 2020 and approved the audit fees for year 2020 at Baht 2,955,000. The resolution was passed by the majority votes of the shareholders attending and eligible to vote at the meeting, excluding the vote of the shareholders having a special interest on the matter. The details are as follows:

	Approve	Disapprove	Abstain	Voided Ballot
Number of Votes	3,332,959,214	39,401	85,105	5,000
Percentage	99.9961	0.0011	0.0025	0.0001

Please kindly be informed.

Yours sincerely,

(Timothy Alan Potter)

Chief Executive Officer

Investor Relations Tel: [phone] and 038 699 699

No. 1, I-3B Road, Map Ta Phut, Amphur Muang Rayong, Rayong Province 21150, Thailand. Tel. [phone] Fax [phone]

เลขที่ 1ถนน ไอ - 3บี ต ำบลมำบตำพุด อ ำเภอเมืองระยองจังหวัดระยอง21150 โทร. [phone] โทรสำร [phone]