Dusit Thani Public Company Limited (SET: DUSIT) has announced the schedule and agenda for the Extraordinary General Meeting of Shareholders No. 1/2025 (EGM) in accordance with the shareholder’s Letter Requesting the Board of Directors to convene the EGM pursuant to Section 100 of the Public Limited Companies Act via the Stock Exchange of Thailand (SET).
DUSIT stated that the Board of Directors’ Meeting No. 10/2025 held on August 26, 2025 resolved to convene an Extraordinary General Meeting of Shareholders No. 1/2025 on September 26, 2025 at 15.00 hrs. via electronic media (E-Meeting) only in compliance with the Emergency Decree on Electronic Meetings B.E. 2563 (2020) and other related laws and regulations and fixed the record date to determine the list of shareholders entitled to attend the Extraordinary General Meeting of Shareholders No. 1/2025 on September 10, 2025.
The Extraordinary General Meeting of Shareholders is convened in accordance with a request from Chanut and Children Co., Ltd., a shareholder in the Company’s shareholder register, holding not less than 10 percent of the Company’s total issued shares, pursuant to Section 100 of the Public Limited Companies Act B.E. 2535 (and its amendments), with the proposed agenda as follows:
- To adopt the minutes of the Annual General Meeting of Shareholders No. 32/2025
- To consider and approve the Audited Financial Statements for the year ended December 31, 2024 and the auditor’s report
- To consider and approve the removal of Mr. Chanin Donavanik as a director of the Company
- To consider and approve the increase in numbers of directors, the appointment of new directors, and the amendment of the directors’ signing authority
- To consider and approve the registration of the amendments regarding the increase in number of directors and the directors’ signing authority to the Registrar of the Office of the Company and Partnership Registration, Department of Business Development and other relevant governmental agencies, as well as to consider granting authority to the directors to proceed with such registrations
- Other matters (if any)
Regarding Agenda 3—To consider and approve the removal of Mr. Chanin Donavanik as a director of the Company—the Board of Directors proposed this agenda item to the Extraordinary General Meeting of Shareholders No. 1/2025 for consideration pursuant to Section 100 of the Public Limited Companies Act B.E. 2535 (and its amendments) as Chanut and Children Co., Ltd., a shareholder in the Company’s shareholder register holding of not less than 10 percent of the Company’s total issued shares, submitted the letter to the Board of Directors requesting the convening of the Extraordinary General Meeting of Shareholders and the proposal of such the agenda item.
In addition, the Board of Directors, excluding directors who have conflicts of interest (namely Mr. Chanin Donavanik and Mrs. Sinee Thienprasiddhi), further expressed its opinion that shareholders should exercise discretion when considering the agenda item regarding the removal of Mr. Chanin Donavanik. This is because the qualifications of a director should align with Dusit’s core business in hospitality and food. It is essential to have leadership with a deep understanding of the business and its operations with passion to carry forward the business with enduring dedication.
Mr. Chanin Donavanik possesses extensive experience in the hotel business and is the eldest son of the founder of Dusit Thani Hotel. He possesses deep knowledge of Dusit’s history, serves as an iconic figure of Dusit Thani, and has played a significant role in preserving its Thai heritage, continuing the legacy of Thanpuying Chanut Piyaoui to this day. Moreover, he has a strong network in the hospitality industry and broad vision. He is also the initiator and leader of the Dusit Central Park project, including its concepts and strategies.
The Dusit Central Park project is regarded as one of the Company’s flagship developments expected to generate significant revenues for the Company. This project was designed to modernize Dusit while maintaining its Thai essence, aiming to create a legacy for future generations of Thais. Therefore, the removal of Mr. Chanin Donavanik would have an impact on Dusit Thani Public Company Limited, the Dusit Central Park project, and the confidence of all stakeholders of the Company.
