UBE convened its 2024 Annual General Meeting of Shareholders through the E-AGM platform, where it sanctioned a dividend payout of 0.0156 baht per share.
On April 30, 2024, Ubon Bio Ethanol Public Company Limited or UBE, the largest well-integrated tapioca player in the northeast region of Thailand using cassava roots as raw materials, including ethanol, tapioca starch, cassava flour, and other organic items, conducted its annual shareholders' assembly via electronic media (E-AGM). The meeting, graced by Mr. Palakorn Suwanrath, Chairman of the Board of Directors (seated 6th from the right), and Ms. Sureeyot Khowsurat, Chief Executive Officer (seated 5th from the left), alongside the Board of Directors, unanimously approved all agenda items. This encompassed the endorsement of a dividend distribution based on the 2023 operational results (January 1 - December 31, 2023) at a rate of 0.0156 baht per share, totaling 61,062,862 baht, or 60 percent of net profit as per the separate financial statements. Shareholders can anticipate receiving their dividends on May 15, 2024. Such dividend disbursements is aligned with the company's policy, which are mandated to be no less than 30 percent of net profit post-income tax annually, contingent upon operational outcomes and shareholder resolutions, as evaluated from separate financial statements, post corporate tax deductions and statutory reserves.
UBE's adoption of the E-AGM format for the third consecutive year underscores its commitment to addressing climate change by curbing greenhouse gas emissions. This approach involves conducting online meetings to reduce paper usage and optimizing resource utilization. Additionally, UBE has initiated greenhouse gas emission data collection across various organizational activities and the formulation of greenhouse gas emission reports (Carbon Footprint for Organization: CFO) as part of its environmental and climate change management objectives. These efforts propel UBE towards its aspiration of becoming a front-runner in clean energy products and fostering sustainable consumption across all facets.