Siam Makro Public : Resolutions of the 2021 Annual General Meeting of Shareholders

Translation

Date:	April 20, 2022
Subject:	Resolutions of the 2022 Annual General Meeting of Shareholders
To:	President
The Stock Exchange of Thailand

The 2022 Annual General Meeting of Shareholders ("the Meeting") of Siam Makro Public Company Limited ("the Company"), which was held on April 20, 2022 at 2.00 p.m. through electronic means pursuant to the Royal Decree on Teleconferences through Electronic Means B.E. 2563 (2020), had the following resolutions:

Agenda 1

To consider and affirm the management report on the Company's business operations for the year 2021

Resolution

The Meeting affirmed the management report on the Company's business operations for the year 2021 by majority votes of the shareholders who are present at the meeting and entitled to vote as follows:

Approved 9,381,835,191 votes, equivalent to 99.9999 % of all votes of the shareholders attending the meeting and entitled to vote

Disapproved

• 109 votes, equivalent to

  • 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

    Abstained

• 0 votes, equivalent to

  • 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

    Voided Ballots

• 0 votes, equivalent to

• 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

-1-

Agenda 2 ResolutionTo consider and approve the financial statements for the year ended December 31, 2021

The Meeting approved the financial statements for the year ended December 31, 2021 by majority votes of the shareholders who are present at the meeting and entitled to vote as follows: Approved 9,381,712,240 votes, equivalent to 99.9982 % of all votes of the shareholders attending the meeting and entitled to vote

Disapproved 1,309 votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

Abstained 160,251 votes, equivalent to 0.0017 % of all votes of the shareholders attending the meeting and entitled to vote

Voided Ballots 0 votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

Agenda 3 ResolutionTo consider and approve the appropriation of legal reserve and the dividend payment

The Meeting approved the appropriation of additional legal reserve of Baht 318,616,175, totaling of Baht 558,616,175 or equivalent to 10 percent of the registered capital and approved the dividend payment for the Company's operating results from January 1 to December 31, 2021 at Baht 0.72 per share, totaling Baht 5,306 million and equivalent to 40 percent of the consolidated net profit.

After deduction of the interim dividend payment at the rate of Baht 0.40 per share which was paid on September 8, 2021, the remaining for the final dividend payment is at the rate of Baht 0.32 per share totaling 10,580,323,500 shares, calculating to be at the amount of Baht 3,386 million whichwill be paid on May 19, 2022 to the shareholders who are entitled to receive dividend according to the Record Date on March 4, 2022. The resolution was approved by majority votes of the shareholders who are present at the meeting and entitled to vote as follows:

Approved 9,381,876,691 votes, equivalent to 99.9999 % of all votes of the shareholders attending the meeting and entitled to vote

Disapproved 609 votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

Abstained 0 votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

Voided Ballots 0 votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

Agenda 4

To consider and approve the election of the Company's directors to replace the directors retiring by rotation for the year 2022

Resolution

The Meeting approved the re-election of 5 directors who retired by rotation for the year 2022 to resume their previous position(s) for another term by majority votes of the shareholders who were present at the meeting and entitled to vote. The directors were appointed individually as follows:

1) Mr. Prasobsook BoondechApprovedDisapprovedAbstainedVoided Ballots

9,380,558,503

1,317,597

1,200

0

Independent Director and Member of the Nomination and Remuneration Committee votes, equivalent to 99.9859 % of all votes of the shareholders attending the meeting and entitled to vote votes, equivalent to 0.0140 % of all votes of the shareholders attending the meeting and entitled to vote votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote votes, equivalent to 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

2) Mr. Korsak Chairasmisak

ApprovedDisapproved

9,360,830,276

21,043,824

Director, First Vice Chairman, and Member of the Nomination and Remuneration Committee votes, equivalent to 99.7756 % of all votes of the shareholders attending the meeting and entitled to vote votes, equivalent to 0.2243 % of all votes of the shareholders attending the meeting and entitled to vote

AbstainedVoided Ballots

3,200

votes, equivalent to

0

votes, equivalent to

0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

• 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

  3) Mr. Narong Chearavanont

  Approved 9,378,246,866

  DisapprovedAbstainedVoided BallotsDirector votes, equivalent to

  3,629,434

  votes, equivalent to

  1,000

  votes, equivalent to

  0

  votes, equivalent to

• 99.9613 % of all votes of the shareholders attending the meeting and entitled to vote

• 0.0386 % of all votes of the shareholders attending the meeting and entitled to vote

• 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote

• 0.0000 % of all votes of the shareholders attending the meeting and entitled to vote