Bangkok Airways Hosts 2024 AGM to Unveils its Expansion Through New Routes and Strategic Partnerships

Friday, April 12, 2024

Bangkok Airways Plc convened its Annual General Meeting of Shareholders for 2024 (the Meeting) via electronic media (E-AGM), addressing several significant agendas:

1. Review of 2023 Annual Performance:
   The Meeting acknowledged the 2023 Annual Performance report, highlighting the launch of two new flight routes: Lampang – Mae Hong Son and Don Mueang – Samui, alongside expanded partnerships with Singapore Airlines (Codeshare) and Air India (Interline). The Company was also recognized with multiple awards in 2023, including Skytrax World Airline Awards for “World’s Best Regional Airline” and “Best Regional Airline in Asia” for the 7th consecutive year. Furthermore, it secured the 29th position on the Top 100 Airlines 2023 list and attained a BBB level sustainable stock rating from the Stock Exchange of Thailand’s SET ESG Ratings. Additionally, the Company received an “Excellent CG Scoring” with a 5-star rating for corporate governance evaluation by the Thai Institute of Directors (IOD).

1. Dividend Payment:
   Based on the Separate Financial Statements for 2023, which revealed a net profit of Baht 3,135,089,455, the Board of Directors approved the payment of an interim dividend of Baht 0.50 per share, totaling Baht 1,050,000,000, disbursed to shareholders on December 12, 2023. Subsequently, the AGM of Shareholders 2024 resolved to approve a dividend payment of Baht 0.50 per share, summing up to Baht 1,050,000,000 for the 2023 performance. The total dividend payment amounts to Baht 1.00 per share, totaling Baht 2,100,000,000. This payment represents approximately 67% of the net profit in the separate financial statement after the deduction of legal reserves, aligning with the Company’s Dividend payment policy.

1. Election of Directors:
   Four directors retired by rotation, namely Mr. Prasert Prasarttong-Osoth, Mrs. Narumol Noi-Am (Proposed appointment as an Independent Director), Mr. Somboon Kitiyansub (Independent Director and Audit Committee), and Mr. Pradit Theekakul. The Meeting resolved to re-elect these directors for another term of office. A total of 422 shareholders participated in the Meeting, either in person or by proxy, collectively holding 1,697,548,817 shares.

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