MTLS Declares Dividend Payment of 0.20 Baht/Share - Confident in 2016; Revenue, Profits and Loans in Line with Set Targets. Strong Financial Position .. Control NPL with No Special Reserves

Shareholders of Muangthai Leasing Public Company Limited (MTLS), a leading provider of motorcycle and nano-finance loan in Thailand, approved the dividend payment for the 2015 fiscal year at a rate of 0.20 baht per share, scheduled for May 13. Chuchat Petaumpai, CEO of MTLS, expressed confidence in the company's "revenue, profits and loans" growing as per their established targets. The fundamental demand for loan at grassroots levels remains high, impacted by the sluggish economy and drought issues, showcasing a robust financial position!!! Debt-to-equity ratios remain low, NPL is under control, with no special reserves.

Chuchat Petaumpai, CEO of Muangthai Leasing Public Company Limited (MTLS), revealed that during the annual shareholders' meeting on April 22, 2559, the decision was made to pay dividends for the 2015 fiscal year at a rate of 0.20 baht per share, totaling 424 million baht. The list of shareholders entitled to dividends (Record Date) is set for April 29, 2559. Shareholder lists will be finalized per Section 225 of the Securities and Exchange Act, with the book closing on May 3, 2559, and dividends paid out on May 13, 2559.

Looking ahead to 2016, the company aims for no less than a 50% growth compared to the previous year in terms of revenue, profits and loan growth. With the company earning 2.55 billion baht in revenue and releasing loans worth around 20 billion baht last year, the current outstanding credit stands at 1.26 billion baht. It is expected that the outstanding portfolio will increase by another 50% by the year-end, aligning with the company's overall loan growth trend.

"We are confident that this year's growth will meet our set targets as the grassroots demand for loan remains high, affected by the sluggish economy and drought issues. We plan to expand our branches by adding 450 more, investing no less than 150 million baht. By the end of this year, we aim to have a total of 1,350 branches, up from 900 branches in 2015," stated Chuchat

The capital used for new loans comes from issuing bonds, exchange tickets and borrowing from commercial banks, divided equally between short-term and long-term loans. With a D/E Ratio at 1.31, considered very low, the company hasn't found the need to increase capital by any means.

While non-performing loans (NPL) in the past year were maintained at 0.9%, the company has only increased reserves by 10.5 million baht and written off debts worth 14.15 million baht, resulting in a reserve-to-NPL ratio of 287%, far exceeding standard requirements, considering potential losses with no necessity for additional reserves.

Chuchat, CEO of MTLS, also mentioned that concerning nano finance, where the company leads the market with a 1^st rank market share in Thailand, they plan for loan growth worth around 500 million baht in 2016, an increase from last year's 130.2 million baht, or 86.8%