Resolutions of the Board of Directors Meeting No. 1/2553.
No. AI 042/2553
February 19, 2010
Subject : Resolutions of the Board of Directors Meeting No. 1/2553.
Attn : The President of Stock Exchange of Thailand
Asian Insulators Public Company Limited (AI) would like to inform that the Board of Directors meeting No. 1/2553 on February 18th, 2010 has passed the following resolutions:
1. To adopt and certify the Minutes of Board of Directors Meeting No. 1/2553
2. To adopt and certify the Minutes of Audit Committee Meeting No. 1/2553
3. Approved the Company’s Financial Statements, Balance Sheet and Statement of Income for the year ended December 31st, 2009.
4. Approved the dividend payment based on the Company’s operations for year 2009
The Board of Directors had considered the dividend payment from the Company's performance in 2009 at 0.11 Baht per share, or a total of 55,000,000.00 Baht which were subjected to pay corporate income tax rate of 12.50% of the net profit. The book closing date to determine the right to receive dividends will be on April 22nd, 2010, and to the shareholder registered book closing date on April 21st, 2010 to comply with the Section 225 of the Securities and Exchange Act B.E. 2535. The payment of dividend will be made on May 6th, 2010. The annual dividend payment for 2009 shall be proposed to the Annual General Meeting of Shareholders No. 1/2553 for further approval. Therefore, the tax credit for this dividend shall be the product of dividend times 12.50/87.50 under Section 47 bis of the Revenue Code.
5. Approved the remuneration for Directors and Audit Committee Members not exceed 2.8 million Baht, and subject to the approval of shareholder at the Annual General Meeting of shareholder No.1/2553.
6. Approved the appointment of the Auditors to be Dr. Virach Aphimeteetamrong, Certified Public Accountant No. 1378 , or Mr. Apiruk Atianuwat Certified Public Accountant No. 5202. On the behave of Dr. Virach & Associates Certified Public Accountant. The audit fee of Baht 1,300,000 for year 2010, and subject to the approval of shareholder at the Annual General Meeting of shareholder No.1/2553.
7. Approved to fixed the record date which shareholders have the right to attend the Annual General Meeting of shareholder No. 1/2553 on March 3rd, 2010 and fixed the share register book closing date for collecting shareholders names under Section 225 of the Securities and Exchange Act on March 4th, 2010 until the meeting is adjourned. The Annual General Meeting to be held at Asian Insulators Public Company Limited 4th floor on April 7th, 2010 at 10:00 a.m. The agendas for the meeting will be,
1. To certify the minutes of the Annual General Meeting of shareholder for year 2009.
2. To be informed of the company’s operating performance for year 2009.
3.To approve the company’s Balance Sheet, and Profit and loss statement for year ended
December 31st, 2009.
4. To consider and approve the Company’s operations for year 2009.
5. To appoint new directors to succeed those completing their terms and determine the
Directors' fee.
6. To consider and appoint the Auditors and the audit fee for year 2010.
7. To consider other business (if any).
Please be informed accordingly.
Yours faithfully,
Asian Insulators Public Company Limited.
Thanit Thareratanavibool
Director and Chief Executive Officer
