The directors of United Overseas Insurance Limited have proposed a special one-tier tax-exempt dividend of 4.0 cents per share in respect of the financial year ended 31 December 2023 amounting to $7,644,000. These financial statements do not reflect this dividend payable, which, if approved at the forthcoming Annual General Meeting, will be accounted for in the shareholders' equity as an appropriation of retained profits in the year ending 31 December 2024.