Page 73 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 3.4 Dividend Policy 71
Annual Report 2021/22

VGI Other Subsidiaries
VGI has a dividend policy of paying not less than 50% of the net profit after For subsidiaries, the dividend payment policy takes into consideration the
tax (on a standalone basis) and statutory reserve, provided that such rate can potential growth of business operation, investment plan, business expansion,
be adjusted depending on the VGI’s performance, financial position, liquidity, conditions of loan agreements or debentures of the Company and subsidiaries,
investment plan, working capital needed for business operation and expansion, together with future necessity and appropriateness. The dividend payment
and other related factors as the Board of Directors and/or shareholders deem policy is to pay dividend of no less than 50% of net profits after tax and
appropriate. statutory reserve provided that there is no other obligation and that dividend
payment does not affect the normal business operation of that subsidiary.