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Questions & Answers
  Annual General Meeting of Shareholders 2024
Questions Attached to the Minutes of the Meeting
Question1 As a suggestion.
(From Ms. Sirimonporn Suriyawongpaisarn,  Thai Investors Association)
 Thai Investors Association have a policy presented to listed companies in the Stock Exchange of Thailand held a general / extraordinary meeting of shareholders using On-site meeting and Online meeting simultaneously or called Hybrid. To conveniently meet, communicate and ask questions between shareholders, executives and the Board of Directors, which is in line with circular letter of Securities and Exchange Commission (SEC) at SEC Nor.(W) 2/2024, Subject: Requesting cooperation regarding holding a general meeting of shareholders dated January 10, 2024. We would like to present for you to consider the proposal for holding a hybrid meeting according to the policy of the Thai Investors Association above.

Answer from Mr. Apichat Lee- issaranukul  , Executive Chairman

 Thank you for the advice from Thai Investors Association, the company will take to consideration. Which   will be considered together with the situation each year and the practices of other listed companies.
Question2 How about an expected of industry trends in this year ? now seeing the cars selling and the economy both poorly?
(From Mr. Weerasak Seriwatthanaphong, shareholder.)
Answer from Mr. Kazunori Nakai, President

 During the first half of the year, the Thai economy was in a recession. Household debt is high. Including being strict in considering granting loans. Therefore affecting the purchase of new cars. Therefore, to expected that car sales will decrease by approximately 15% compared to the previous  year. As for the second half of the year from the government’s measures to correct and stimulate the economy. Therefore, to expected that the economy will recover.
Question3 What is the company’s tendency of dividends payment , will continue to pay similar with this year ? Because there is a lot of cash on hand?
(From Mr. Weerasak Seriwatthanaphong, shareholder.)
Answer from Mr. Apichat Lee- issaranukul  , Executive Chairman

 As the company explains, this year’s dividend payment is 20 baht per share, divided into 10 baht per share paid from normal operating results and in celebration of joining the global Stanley group or One Stanley , another amount is 10 baht per share. The dividend payment policy that is reported to the Stock Exchange is not less than 30 percent of annual net profit after tax. (Income statement- The company only) which the company will still adhere to this dividend payment policy. As about for next year’s dividend payment will depend on the situation and economic conditions. However, the management will strive to create the best results for all shareholders.
Question4 What are the company ‘s investment trends , including the spending plan?
(From Ms. Benja Samretpol, shareholder.)
Answer from Mr. Kazunori Nakai, President

 The company will have investments for new products in this year , mostly in equipment and machinery.
Question5 Currently in Thailand , the business is faced with a large number of bad debts or NPLs. Does the company have a reserve for bad debts?
(From Ms. Benja Samretpol, shareholder.)
Answer from Mr. Apichat Lee- issaranukul  , Executive Chairman

 The company has no provision for bad debts, because there are no bad debts. Every customer is extremely disciplined in their payments. In the past, there was only a 1-2 month delay in payments, which is normal business. Therefore, we can be considered that the company has no bad debts.
Question6 The company’s stock price is very high, around 220 baht. Is there a tendency to split the shares or not,  in order to lower the stock price and enhance liquidity?
(From Ms. Benja Samretpol, shareholder.)
Answer from Mr. Apichat Lee- issaranukul  , Executive Chairman

 At present, the company still have no any ideas or policies for shares separating. However, to considering the situation of stock price movements that it has improved.
Question7 About growth in Thailand , Who is the customer group of company ‘s expansion target ?  Have we gotten any Chinese EV companies as customers yet?
(From Mr. Yodsakrai Katekrai, shareholder.)
Answer from Mr. Kazunori Nakai, President

 The Chinese automotive manufacturers comes to market in Thailand increased and they have market share by approximately 10% increasing.

 For the policy of expanding market share , the company and the entire Stanley Group will work together to consider guidelines and develop policies.
Question8 About subsidiary company in Vietnam,  Who is the main customer?  And How much of the market share ?
(From Mr. Yodsskrai Katekrai, shareholder.)
Answer from Mr. Apichat Lee- issaranukul  , Executive Chairman

 Vietnam Stanley’s main customers are major Japanese motorcycle manufacturers such as Honda, Yamaha, Suzuki  and at present the car manufacturers  increasingly  such as Toyota.