Bangchak Public : Notification of the resolution of the Board of Directors meeting regarding the dividend payment, the schedule for 2022 Annual General Meeting of Shareholders, and disclosure of the notice on the Companys website

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No. 10000/019/2022

February 17, 2022

Subject : Notification of the resolution of the Board of Directors' meeting regarding the dividend payment, the schedule for 2022 Annual General Meeting of Shareholders, and disclosure of the notice on the Company's website

Attention : President of the Stock Exchange of Thailand

The Board of Directors' Meeting No. 2/2022 of Bangchak Corporation Public Company Limited (the "Company") held on Thursday, February 17, 2022, has resolved to approve the following material matters:

1. Approved to propose to the Company's Annual General Meeting of Shareholders for Year

2022 for approval in respect of the allocation of profit from unappropriated retained earnings for dividend payment for the second-half-year operations of 2021 at the rate of Baht 1 per share. Once the interim dividend payout of the first half of 2021 of Baht 1 per share is combined with that of the second half of 2021, the annual dividend payout amounts will be Baht 2 per share, totaling approximately Baht 2,715 Million. The Board of Directors had determined the date to list shareholders who are entitled to receive dividend on March 3, 2022. The dividend payment date is April 22, 2022. However, the entitlement to receive the dividends is uncertain because it has yet to be approved by the shareholders.

Note:	Dividend payment is based on ordinary shares deducted by shares the Company has
	repurchased.

2. Schedule the date for the 2022 Annual General Meeting of Shareholders, on Friday, April 8, 2022, at 13.30 hrs. at Bai Mai 1-4 Meeting Room of the Company's Head Office, 2098 M Tower Building, Floor 8, Sukhumvit Rd., Phra Khanong Tai, Phra Khanong, Bangkok 10260. The date to determine the list of shareholders who have the right to attend the AGM is March 3, 2022.

The agenda for the 2022 AGM and the board's opinions are set out as follows:

Agenda 1To acknowledge the Board of Directors report on 2021 performance statement.

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Agenda 2To consider and approve audited financial statements for the year ended December 31, 2021.

The Board of Directors deems it appropriate to propose that the shareholders meeting approve Audited Financial Statements for the Year Ended December 31, 2021, which have been audited by the auditor and reviewed by the Audit Committee.

Agenda 3To consider and approve the allocation of profit for dividend payments for 2021 performance.

Agenda 4To consider and appoint new directors to replace the directors who have retired from office upon the expiration of their term of office.

In this year, the four retired directors and the resigned director are :

1.	Adm. Sucheep Whoungmaitree	(Independent Director)
2. Mrs. Prisana	Praharnkhasuk	(Independent Director)
3. Mr. Prasong	Poontaneat	(Independent Director)
4. Mr. Chaovalit	Ekabut	(Independent Director)
5. Gen. Vitch	Devahasdin	(Independent Director) resigned
			effective on 18 February 2022

The Board of Directors, excluding the directors who have a conflict of interests, is of the opinion that the Shareholders should re-appoint three directors to perform their duties for another term as follows:

1. Mrs. Prisana	Praharnkhasuk	(Independent Director)
2. Mr. Prasong	Poontaneat	(Independent Director)
3. Mr. Chaovalit	Ekabut	(Independent Director)

Additionally, the Board of Directors recommends the Shareholders to appoint the following two directors to act as new directors in place of those retired by rotation and resigned directors :

1.	Pol.Lt.Gen. Samran Nuanma	(Independent Director)
2.	Mr. Narin	Kalayanamit	(Independent Director)

The nomination and remuneration committee has duly reviewed this proposal.

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Agenda 5To consider and determine the directors' remuneration.

The Board of Directors deems it appropriate to propose that the shareholders meeting approve the 2022 directors' remuneration as following:

1. Monthly Remuneration and Meeting Allowance(same as 2021)

	Monthly	Meeting Allowance
	(Baht/person/time)
The Board of Directors	Remuneration
(Only for attending
	(Baht/person)
	directors)
The Board of Directors	30,000	30,000
The Sub-Committees
1. The Audit Committee	10,000	15,000
2. The Nomination and Remuneration	-	15,000
Committee
3. Enterprise-wide Risk Management Committee	-	15,000
4. Sustainability and Corporate Governance	-	15,000
Committee
5. Other committees that may be appointed in	-	15,000
the future by the Board as seen fit and
necessary

The Chairman of the Board of Directors and the Chairman of the SubCommittees shall receive monthly remuneration and meeting allowances higher than those of members by 25 percent, whilst the Vice Chairman of the Board of Directors shall receive monthly remuneration and meeting allowances higher than those of members by 12.5 percent respectively.

2) Bonus(same as 2021)

0.75 percent of the net profit, but not over 3,000,000 Baht/year per director. The calculated amounts are to reflect individual periods of service. Moreover, the Chairman and Vice Chairman shall receive the bonus higher than those of members by 25 percent and 12.5 percent respectively.

3) Other Remunerations(same as 2021)

Group health insurance: in-patient (IPD) and out-patient (OPD) with annual premium not over 50,000 Baht (excluding vat) per director.

The nomination and remuneration committee has duly reviewed this proposal.

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Agenda 6To consider and approve the appointment and determination of the fee for the Auditor.

The Board of Directors deems it appropriate to propose that the shareholders meeting appoint Mr. Sakda Kaothanthong, Certified Public Accountant Registration No. 4628 or Mr. Waiyawat Kosamarnchaiyakij, Certified Public Accountant Registration No. 6333 or Mr. Charoen Phosamritlert, Certified Public Accountant Registration No. 4068 of KPMG Phoomchai Audit Ltd. as the Company's Auditor for year 2022. The 2022 audit fee is Baht 2,000,000.

The audit committee has duly reviewed this proposal.

Agenda 7Other Business (if any)

3. Details of the Notice to the Annual General Meeting of Shareholders together with all relevant enclosures to be publicized to shareholders on the Company's website (www.bangchak.co.th : Menu > Investor Relations > Shareholders Information > Annual General Meeting) from Wednesday, March 9, 2022. The Company welcomes opportunity to clarify these matters in the Meeting. Please forward your questions in advance to [e-mail] or to facsimile number 0 2335 8000.

Please be informed accordingly.

Yours sincerely,

-signed-

(Mr. Chaiwat Kovavisarach)

President and Group Chief Executive Officer

The Secretary to the Board of Directors Division

Tel: [phone]

Fax: [phone]

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