Dividend Policy and Payments

Dividend Policy and Payments

S Hotels and Resorts Public Company Limited has a policy to pay dividends at the rate of at least 40% of the net profit under the separate financial statement, after corporate income tax and retainment of all reserves as provided by the law and as determined by the Company on a yearly basis. Such payment rate may differ from what is prescribed, as it is subject to the operating results, financial status, liquidity, needs for investment, additional investment, business expansion, retainment of reserves for loan repayment or as working capital of the Company, conditions and limitations provided in the loan agreement, and other factors relevant to management as seen appropriate by the Board of Directors and/or shareholders