News Detail

Date/Time
27 Mar 2020 17:09:00
Headline
To postpone the Annual General Meeting of Shareholders for Year 2020 and the Approval of Interim Dividend Payment
Symbol
STEC
Source
STEC
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                Schedule of Shareholders' meeting

Status                                   : Canceled
Reason                                   :
The resolutions of the Board of Directors Meeting No. 2/2020 held on March 27, 
2020 resolved the approval of the postponement of the Annual General Meeting of
Shareholders No. 26/2020 indefinitely and the approval of interim dividends
payment from the Company's net profit.
Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 11-Mar-2020
Shareholder's meeting date               : 24-Apr-2020
Beginning time of meeting (h:mm)         : 14 : 00
Record date for the right to attend the  : 25-Mar-2020
meeting
Ex-meeting date                          : 24-Mar-2020
Significant agenda item                  :
  - Cash dividend payment
Venue of the meeting                     : Tentatively, the meeting will be held
at the Company's conference room No. 32/60 Sino-Thai Tower, 30th Floor,
Sukhumvit 21 Road (Soi Asoke), Kwaeng Klongtoey Nua, Khet Wattana, Bangkok
Metropolis, Thailand, or may be changed by the situation of COVID-19 outbreak.
Remark                                   :
ST/2020/0146
    11th March 2020

Subject:    The Issuance of Dividend Payment and Annual General Meeting of 
Shareholders for the year 2020

To:    Directors and Manager of the Stock Exchange of Thailand

Whereas the Board of Directors of Sino-Thai Engineering & Construction Public 
Company Limited (the "Company") convened Board of Directors Meeting No. 1/2020
at 10.00 hours 11.45 on March 11, 2020, the Company would like to report the
resolutions adopted at the said meeting as follows:

1.    Approval of the Board of Directors' report on the Company's Operating Results
for the year ending December 31, 2019 and proposal of the same to the Annual
General Meeting of Shareholders for acknowledgement.

2.    Approval of the Company's financial statements for the fiscal period ending 
December 31, 2019, which were audited by the Company's auditor and proposal of
the same to the Annual General Meeting of Shareholders for approval.

3.    Approval of the declaration of the dividend's payment for the year 2019 and 
proposal of the same to the Annual General Meeting of Shareholders for approval
as follows:

3.1    The declaration of payment of dividends by cash at the rate of Baht 0.30 
(Thirty Satang) per share to the Company's shareholders holding 1,525,106,540
shares, the total amount of dividends of Baht 457,531,962 The dividends payment
is subject to withholding tax of 10%, which is Baht 0.03 per share.
3.2    The record date for determining the eligible shareholders for receiving 
dividends is fixed at March 25, 2020.  The date of payment of dividends will be
by May 22, 2020.

However, the right to receive the dividends is still not definite as it is 
subject to the approval of the shareholders' meeting.

4.    Acknowledgment of the names of the directors who will retire from serving as 
the Company's directors by rotation at this Annual General Meeting of
Shareholders.  The Board of Directors has proposed that the Annual General
Meeting of Shareholders should reappoint the following retiring directors as the
Company's directors for an additional term and they should hold the same
position in the Company:

Name of retiring directors                        Type of director/ position 
proposed for reappointment

(1)    Mr. Vallop Rungkijvorasathien    Director/ Chairman of the Board of
                        Executive Directors                
(2)    Mr. Pakpoom Srichami        Director / President
(3)    Mr. Thanathip Vidhayasirinun    Independent Director
(4)    Mrs. Anilrat Nitisaroj            Director/Executive Director
 
5.    Approval for the remuneration for the Board of Directors, the Audit Committee
members, and the Nomination and Remuneration Committee members for the year
2020 that shall be not exceed Baht 9,000,000 (Nine Million Baht only) on the
basis of a meeting fee and an annual bonus as mentioned below. This matter shall
 be proposed to the Annual General Meeting of Shareholders for approval:

5.1    Directors meeting fee for the Board of Directors, the Audit Committee, and 
the Nomination and Remuneration Committee meetings:
1.    For the Chairman of each committee          amounting to 40,000 Baht/meeting
2.    For each member of each committee           amounting to 20,000 Baht/meeting

5.2    Annual Bonus
1.    For the Chairman of the Board of Directors   amounting to 600,000 Baht/year
2.    For the Chairman of the Audit Committee      amounting to 600,000 Baht/year
3.    For the Chairman of the Nomination and
    Remuneration Committee                                          amounting to 
500,000 Baht/year
4.    For each of the other Directors                               amounting to 
400,000 Baht/year

    5.3    For establishment of any additional new sub-committee in the future, its 
members will be entitled to receive meeting fees at the same rate as the board
of directors and the chairman of such new sub-committee will be entitled to
receive annual bonus at the same rate of the Nomination and Remuneration
Committee.

6.    Approval of the appointment of Miss Krongkaew Limkittikul, C.P.A. License No.
5874, and/or Miss Siraporn Ouaanunkun, C.P.A. License No. 3844, and/or Mr.
Natthawut Santipet, C.P.A. License No. 5730; all, of EY Office Limited, as
auditors of the Company for the year 2020 with the auditor's remuneration of
3,200,000 Baht          (Three Million Two Hundred Thousand Baht Only).  This
matter shall be proposed to the Annual General Meeting of Shareholders for
approval.

7.    Fixing the date and the agenda matters of the Annual General Meeting of 
Shareholders No. 26/2020, the record date for determining the shareholders who
are eligible to attend said Annual General Meeting of Shareholders and the
record date for determination of shareholders that are eligible to attend the
Annual General Meeting of as follows:

7.1    The Annual General Meeting of Shareholders No. 26/2020: 14.00 hours on 
Friday 24th April, 2020.
Venue: Tentatively, the meeting will be held at the Company's conference room 
No. 32/60 Sino-Thai Tower, 30th Floor, Sukhumvit 21 Road (Soi Asoke), Kwaeng
Klongtoey Nua, Khet Wattana, Bangkok Metropolis, Thailand, or may be changed by
the situation of COVID-19 outbreak.
Matters to be transacted at the meeting:
(1)    To consider and approve the minutes of Annual General Meeting of 
Shareholders No. 25/2019;
    (2)    To acknowledge the Board of Directors' report on the Company's Operating 
Results for the year ending December 31, 2019 and the Annual Report for the year
 2019;
(3)    To consider and approve the Company's financial statements for the fiscal 
period ending December 31, 2019;
    (4)    To consider and approve the dividend payment for the year 2019;
(5)    To consider and approve the appointment of new directors in place of those 
retiring by rotation;
(6)    To consider and approve the remuneration of directors, Audit Committee 
members, the Nomination and Remuneration Committee members, and any new
sub-committee that may be established additionally for the year 2020;
(7)    To consider and approve the appointment of the Company's Auditor and fix the
 auditor's remuneration for the fiscal year 2020; and
(8)    Other business (if any).

7.2    The record date for determining the shareholders who are eligible to attend 
the Annual General Meeting of Shareholders is fixed on March 25, 2020.

The Company provides this information for your acknowledgment and dissemination 
to the public and other investors.

    Sincerely yours,
    Sino-Thai Engineering & Construction Public Company Limited



    (Mr. Pakpoom Srichamni)
    President
______________________________________________________________________

Dividend payment / Omitted dividend payment

Status                                   : Canceled
Reason                                   :
The resolutions of the Board of Directors Meeting No. 2/2020 held on March 27, 
2020 resolved the approval of the postponement of the Annual General Meeting of
Shareholders No. 26/2020 indefinitely and the approval of interim dividends
payment from the Company's net profit.

Subject                                  : Cash dividend payment
Date of Board resolution                 : 11-Mar-2020
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 25-Mar-2020
dividends
Ex-dividend date                         : 24-Mar-2020
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 0.30
Par value (baht)                         : 1.00
Payment date                             : 22-May-2020
Paid from                                :
    Operating period from 01-Jan-2019 to 31-Dec-2019
Remark                                   :
ST/2020/0146
    11th March 2020

Subject:    The Issuance of Dividend Payment and Annual General Meeting of 
Shareholders for the year 2020

To:    Directors and Manager of the Stock Exchange of Thailand

Whereas the Board of Directors of Sino-Thai Engineering & Construction Public 
Company Limited (the "Company") convened Board of Directors Meeting No. 1/2020
at 10.00 hours 11.45 on March 11, 2020, the Company would like to report the
resolutions adopted at the said meeting as follows:

1.    Approval of the Board of Directors' report on the Company's Operating Results
for the year ending December 31, 2019 and proposal of the same to the Annual
General Meeting of Shareholders for acknowledgement.

2.    Approval of the Company's financial statements for the fiscal period ending 
December 31, 2019, which were audited by the Company's auditor and proposal of
the same to the Annual General Meeting of Shareholders for approval.

3.    Approval of the declaration of the dividend's payment for the year 2019 and 
proposal of the same to the Annual General Meeting of Shareholders for approval
as follows:

3.1    The declaration of payment of dividends by cash at the rate of Baht 0.30 
(Thirty Satang) per share to the Company's shareholders holding 1,525,106,540
shares, the total amount of dividends of Baht 457,531,962 The dividends payment
is subject to withholding tax of 10%, which is Baht 0.03 per share.
3.2    The record date for determining the eligible shareholders for receiving 
dividends is fixed at March 25, 2020.  The date of payment of dividends will be
by May 22, 2020.

However, the right to receive the dividends is still not definite as it is 
subject to the approval of the shareholders' meeting.

4.    Acknowledgment of the names of the directors who will retire from serving as 
the Company's directors by rotation at this Annual General Meeting of
Shareholders.  The Board of Directors has proposed that the Annual General
Meeting of Shareholders should reappoint the following retiring directors as the
Company's directors for an additional term and they should hold the same
position in the Company:

Name of retiring directors                        Type of director/ position 
proposed for reappointment

(1)    Mr. Vallop Rungkijvorasathien    Director/ Chairman of the Board of
                        Executive Directors                
(2)    Mr. Pakpoom Srichami        Director / President
(3)    Mr. Thanathip Vidhayasirinun    Independent Director
(4)    Mrs. Anilrat Nitisaroj            Director/Executive Director
 
5.    Approval for the remuneration for the Board of Directors, the Audit Committee
members, and the Nomination and Remuneration Committee members for the year
2020 that shall be not exceed Baht 9,000,000 (Nine Million Baht only) on the
basis of a meeting fee and an annual bonus as mentioned below. This matter shall
 be proposed to the Annual General Meeting of Shareholders for approval:

5.1    Directors meeting fee for the Board of Directors, the Audit Committee, and 
the Nomination and Remuneration Committee meetings:
1.    For the Chairman of each committee          amounting to 40,000 Baht/meeting
2.    For each member of each committee           amounting to 20,000 Baht/meeting

5.2    Annual Bonus
1.    For the Chairman of the Board of Directors   amounting to 600,000 Baht/year
2.    For the Chairman of the Audit Committee      amounting to 600,000 Baht/year
3.    For the Chairman of the Nomination and
    Remuneration Committee                                          amounting to 
500,000 Baht/year
4.    For each of the other Directors                               amounting to 
400,000 Baht/year

    5.3    For establishment of any additional new sub-committee in the future, its 
members will be entitled to receive meeting fees at the same rate as the board
of directors and the chairman of such new sub-committee will be entitled to
receive annual bonus at the same rate of the Nomination and Remuneration
Committee.

6.    Approval of the appointment of Miss Krongkaew Limkittikul, C.P.A. License No.
5874, and/or Miss Siraporn Ouaanunkun, C.P.A. License No. 3844, and/or Mr.
Natthawut Santipet, C.P.A. License No. 5730; all, of EY Office Limited, as
auditors of the Company for the year 2020 with the auditor's remuneration of
3,200,000 Baht          (Three Million Two Hundred Thousand Baht Only).  This
matter shall be proposed to the Annual General Meeting of Shareholders for
approval.

7.    Fixing the date and the agenda matters of the Annual General Meeting of 
Shareholders No. 26/2020, the record date for determining the shareholders who
are eligible to attend said Annual General Meeting of Shareholders and the
record date for determination of shareholders that are eligible to attend the
Annual General Meeting of as follows:

7.1    The Annual General Meeting of Shareholders No. 26/2020: 14.00 hours on 
Friday 24th April, 2020.
Venue: Tentatively, the meeting will be held at the Company's conference room 
No. 32/60 Sino-Thai Tower, 30th Floor, Sukhumvit 21 Road (Soi Asoke), Kwaeng
Klongtoey Nua, Khet Wattana, Bangkok Metropolis, Thailand, or may be changed by
the situation of COVID-19 outbreak.
Matters to be transacted at the meeting:
(1)    To consider and approve the minutes of Annual General Meeting of 
Shareholders No. 25/2019;
    (2)    To acknowledge the Board of Directors' report on the Company's Operating 
Results for the year ending December 31, 2019 and the Annual Report for the year
 2019;
(3)    To consider and approve the Company's financial statements for the fiscal 
period ending December 31, 2019;
    (4)    To consider and approve the dividend payment for the year 2019;
(5)    To consider and approve the appointment of new directors in place of those 
retiring by rotation;
(6)    To consider and approve the remuneration of directors, Audit Committee 
members, the Nomination and Remuneration Committee members, and any new
sub-committee that may be established additionally for the year 2020;
(7)    To consider and approve the appointment of the Company's Auditor and fix the
 auditor's remuneration for the fiscal year 2020; and
(8)    Other business (if any).

7.2    The record date for determining the shareholders who are eligible to attend 
the Annual General Meeting of Shareholders is fixed on March 25, 2020.

The Company provides this information for your acknowledgment and dissemination 
to the public and other investors.

    Sincerely yours,
    Sino-Thai Engineering & Construction Public Company Limited



    (Mr. Pakpoom Srichamni)
    President
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.