DUSIT shareholders reject resolution to remove Chanin Donavanik from the Board

Extraordinary General Meeting reschedules agenda on board changes to 4 December 2025

Bangkok, Thailand, 29 September 2025 – Dusit Thani Public Company Limited (DUSIT) has announced the results of its Extraordinary General Meeting (EGM) of Shareholders No. 1/2025, held on 26 September 2025.

At the meeting, shareholders did not approve the resolution to remove Mr Chanin Donavanik from his position as a Director of the Company.

While 42 shareholders, including major shareholder Chanat and Children Co., Ltd., voted in favour of the resolution – representing 425,356,690 shares or 79.61% of the total shares – it fell short of the required threshold of three-fourths of all shareholders attending and eligible to vote. By number of shareholders, 420 participants, representing 86.9565% of those present, voted against the resolution, resulting in its rejection.

In addition to this agenda item, the meeting also approved the minutes of the previous meeting and DUSIT’s financial statements for the year ended 31 December 2024.

The meeting further resolved to defer consideration of agenda items related to increasing the number of directors, appointing new directors, and revising the authority of directors.

The deferral follows the submission of a letter by a minority shareholder to the meeting chairman, notifying that they had lodged formal complaints with the Securities and Exchange Commission of Thailand (SEC) and the Trade Competition Commission of Thailand (TCC). The complaints raise concerns that certain actions relating to changes in the number and composition of the Board could constitute attempts to gain control of the Company in concert with other parties without making a mandatory tender offer, as well as a potential business combination that could result in market dominance.

DUSIT recognises the need for careful consideration of these concerns to safeguard the rights of minority shareholders and ensure full compliance with relevant regulations. Accordingly, the agenda items will be reconsidered at a reconvened EGM scheduled for 4 December 2025 at 14:00, to be held exclusively via electronic meeting (E-Meeting).

DUSIT affirms that all shareholder meetings are conducted in accordance with proper procedures, with full transparency and respect for shareholder rights. The Company remains committed to pursuing its long-term business strategy with integrity while continuing to build the confidence of shareholders, investors, and business partners.