Mermaid Maritime Public Company Limited told investors that its Annual General Meeting held on Apr, 24 2026 approved every resolution on the agenda, with shareholders representing 74.81 % of issued shares in attendance.

The meeting endorsed the FY2025 audited accounts and cleared a cash dividend of USD 0.001 per share, equal to about USD 1.89 million in total, while USD 1.31 million of earnings will be transferred to legal reserve.

Dr. Jean Paul Thevenin was re-elected as a non-executive director and committee chair, whereas long-serving independent director Mr. Tang Kee Fei stepped down. Shareholders also appointed Mr. Theodore Tse-Hoang Low as a new independent director and member of the Audit, Nomination and Risk Management committees.

KPMG Phoomchai Audit Ltd. was re-appointed as external auditor for FY2026, with an audit fee set at THB 3.56 million (about USD 0.115 million).

In addition, investors approved a reduction of registered capital to THB 1.89 billion from THB 2.22 billion by cancelling 330.2 million unissued shares and amending the memorandum of association accordingly.

No other business was raised and the meeting adjourned at 2:37 p.m. Bangkok time.