Dusit Thani Group Clarifies Postponement of the 32nd Shareholders’ Meeting and Financial Statement Approval
Bangkok, 30 April 2025 – In light of recent social media discussions regarding the topic "Major shareholder rejects 2024 financial statements; AGM postponed to 28 May," Dusit Thani Public Company Limited (DUSIT) would like to clarify the situation, which has understandably caused concern among shareholders and stakeholders.
Questions have been raised about whether the rejection of the financial statements by a major shareholder reflects issues with the company’s financials. We wish to confirm that this is not the case.
The financial statements for 2024 were properly prepared, audited in accordance with established accounting standards, and received an unqualified opinion from the external auditor. They were also thoroughly reviewed and approved by both the Audit Committee and the Board of Directors, who carried out their responsibilities with due care, diligence, and integrity.
The issue is not related to the accuracy of the financial statements or any aspect of corporate governance.
With full awareness of the potential impact on the company’s reputation and investor confidence, the Board of Directors, after consulting with legal advisors, resolved to postpone the Annual General Meeting (AGM) to 28 May 2025. This decision was made in the interest of transparency and to allow time for a constructive and orderly resolution.
We are confident that this misunderstanding will soon be resolved. All parties involved are valued stakeholders who remain committed to the long-term success and sustainable growth of Dusit Thani — a vision that has guided the company since its founding.
While this situation presents certain challenges, the Board and management team remain firmly committed to business continuity. We are carefully considering all aspects of the matter and will proceed in full compliance with legal requirements to safeguard the company’s best interests and minimise any potential impact on stakeholders.
