PTT Global Chemical : Shareholders meeting's resolution

(Translation)

Ref. No. 01 - 086 / 2021

April 5, 2021

Subject : Notification of the Resolutions of the 2020 Annual General Meeting of Shareholders

To : President,

The Stock Exchange of Thailand

Cc : Secretary-General of the Office of the Securities and Exchange Commission

At the Annual General Meeting of Shareholders for the Year 2021 of PTT Global Chemical Public Company Limited (The Meeting) on Monday, April 5, 2021 at 9:00 hours at Bangkok Convention Center, 5th Floor, Central Plaza Ladprao, 1695 Phaholyothin Road, Chatuchak, Chatuchak, Bangkok 10900.

1. Acknowledged the Company's operation for the year 2020 and the recommendation for the

Company's business plan and approve the Company's Financial Statement for the Year Ended December 31, 2020 which were audited and certified by the auditors and reviewed by the Audit Committee, by the majority of votes of the shareholders who attend the meeting and vote as follows :

Approval	3,266,872,747	Votes	Percentage	100.0000
Disapproval	0	Votes	Percentage	0.0000
Abstinence	1,705,093	Votes
Voided Ballot	0	Votes

2. Approved the allocation of profit from the operating results in the year 2020, and dividend distribution for the operating results in the year 2020 at the rate of Baht 1.00 per share, totaling Baht 4,487 million, which would be allocated from the unappropriated retained earnings:

1. Dividend of Baht 0.74 per share, paid from the taxable profit at tax rate of 10 percent, which the individual shareholders are subjected to withholding tax of 10 percent, but are entitled to claim tax credit at 10/90 of the dividend.
2. Dividend of Baht 0.26 per share, paid from the taxable profit at tax rate of 20 percent, which the individual shareholders are subjected to withholding tax of 10 percent, but are entitled to credit at 20/80 of the dividend.

The Company has set the Record Date on March 1, 2021 for the rights to attend the 2021 Annual General Meeting and to receive the dividend. The dividend payment shall be on April 23, 2021.

The meeting has passed the resolution to approve by the majority of votes of the shareholders who attend the meeting and vote as follows :

Approval	3,261,157,380	Votes	Percentage	99.7591
Disapproval	7,874,456	Votes	Percentage	0.2409
Abstinence	13,108	Votes
Voided Ballot	0	Votes

3. Approved the Election of persons replacing the Directors who are retired by rotation as proposed by the Nomination and Remuneration Committee, by the majority of votes of the shareholders who attend the meeting and vote as follows:

(1)	Mr. Piyasvasti Amranand	to be re-elected for another term as Independent Director
	Approval	3,258,628,020	Votes	Percentage	99.6828
	Disapproval	10,370,209	Votes	Percentage	0.3172
	Abstinence	73,128	Votes
	Voided Ballot	0	Votes
(2)	Mr. Somkit Lertpaithoon	to be re-elected for another term as Independent Director
	Approval	3,252,372,698	Votes	Percentage	99.4915
	Disapproval	16,624,331	Votes	Percentage	0.5085
	Abstinence	74,328	Votes
	Voided Ballot	0	Votes
(3)	Mr. Pakorn Nilprapunt	to be re-elected for another term as Independent Director
	Approval	3,244,828,618	Votes	Percentage	99.2606
	Disapproval	24,170,221	Votes	Percentage	0.7394
	Abstinence	72,528	Votes
	Voided Ballot	0	Votes

(4)	Lieutenant General Nithi Chungcharoen	to be re-elected for another term as
			Independent Director
	Approval	3,148,865,001	Votes	Percentage	96.3337
	Disapproval	119,839,326	Votes	Percentage	3.6663
	Abstinence	367,030	Votes
	Voided Ballot	0	Votes
(5)	Mr. Disathat Panyarachun to be re-elected for another term as Director
	Approval	3,257,604,862	Votes	Percentage	99.6514
	Disapproval	11,396,667	Votes	Percentage	0.3486
	Abstinence	69,828	Votes
	Voided Ballot	0	Votes

4. Approved the Company's Directors' and Specific Committees' remuneration for the year

2021 and the payment of Bonus for the Board of Directors for the Year 2020 as follows:

1. Remuneration for the Directors: To be maintained monthly remuneration and meeting allowance for those who attend the meeting at the same rate as the year 2020 as follows:

	Monthly remuneration	Baht / Person
•	Chairman	62,500
•	Director	50,000
	Meeting allowance	Baht / Person / Attendance
(Only those who attend the meeting)
•	Chairman	50,000
•	Director	40,000

1. Remuneration for all Sub-Committees: To be maintained meeting allowance for those who attend the meeting at the same rate as the year 2020, i.e. Audit Committee, Nomination and Remuneration Committee, Corporate Governance Committee, Risk Management Committee, and shall include specific committees that may be appointed by the Board of Directors, as necessary and appropriated in the future as follows :
2. • 2 -

Meeting allowance for Sub Committees	Baht / Person / Attendance
(Only those who attend the meeting)
•	Chairman	56,250
•	Director	45,000

1. Bonus for the Board of Directors: Bonus for the Board of Directors for the Year 2020 as follows:
   "The bonus will be paid to the Board of Directors if the Company pay out the dividend to the shareholders, at the rate of 0.30% of the Company's net profit, but not exceeding the amount of Baht 60 million by calculation in accordance with the Director's terms and the Chairman would get the bonus at the rate of 25 % higher than that of
   Directors."
2. Other Remuneration: None

The meeting has passed the resolution to approve by more than two-third (2/3) of the total number of votes of the shareholders attending the meeting as follows :

Approval	3,243,145,943	Votes	Percentage	99.2067
Disapproval	25,857,983	Votes	Percentage	0.7910
Abstinence	76,336	Votes	Percentage	0.0023
Voided Ballot	0	Votes	Percentage	0.0000

5. Approved the Appointment of any of the Deloitte Touche Tohmatsu Jaiyos Audit Company

Limited (Deloitte)'s auditors to be the Company's auditor for the year 2021 as namely Mr. Mongkol Somphol C.P.A. (Thailand) Reg. No. 8444 or Mr. Suphamit Techamontrikul C.P.A. (Thailand) Reg. No.3356 or Mr. Suwatchai Meakhaamnouychai C.P.A. (Thailand) Reg. No. 6638 or Mr. Chavala Tienpasertkij C.P.A. (Thailand) Reg. No. 4301 and the Audit fee of Baht 3,000,000 together with other expenses such as travel expenses, accommodation fees, telephone charges, postal fees, stamp duty fees, photocopying fees etc. basing on actual cost, but not exceeding 10 percent of the audit fee.

The meeting has passed the resolution to approve by the majority of votes of the shareholders who attend the meeting and vote as follows:

	Approval	3,232,036,977	Votes	Percentage	99.8759
	Disapproval	36,745,083	Votes	Percentage	1.1241
	Abstinence	298,202	Votes
	Voided Ballot	0	Votes
Please be informed accordingly.
Yours sincerely,
- Kongkrapan	Intarajang -
(Kongkrapan	Intarajang)
Chief Executive Officer

Corporate Secretary and Legal

Telephone [phone]

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