Mr. Thaksin Tantiphaijit, Chief Executive Officer of Firetrade Engineering Public Company Limited (FTE), a leader in the import and distribution business, design services, installation contracting, repair, and inspection of comprehensive fire protection equipment and systems, has announced that the company's board has resolved to propose a dividend payment to shareholders at a rate of 10 existing common shares for 1 dividend share, totaling no more than 60 million shares with a par value of 0.50 Baht per share, amounting to a total value of no more than 30 million Baht, which translates to a dividend payout rate of 0.05 Baht per share. In cases where any shareholder has a fraction of existing shares after the allocation of dividend shares, the dividend will be paid in cash instead of shares at a rate of 0.05 Baht per share.

Additionally, there was a resolution to approve a cash dividend payment at a rate of 0.00556 Baht per share, amounting to no more than 3.336 million Baht. This brings the total dividend payment for the fiscal year 2021 to 0.05556 Baht per share, totaling 33.336 million Baht, which represents a dividend payout ratio of approximately 93.81% of the net profit according to the company's financial statements after allocating net profit to legal reserves.

The company has set the ex-dividend date (XD) on March 24, 2022, the record date for shareholders entitled to receive dividends in the form of stock and cash on March 25, 2022, and the dividend payment date for shareholders on May 10, 2022. This resolution will be presented for approval at the Annual General Meeting of Shareholders for the year 2022 on April 20, 2022, for further consideration.