We remain steadfast in focusing on achieving sustainable business results based on our well-defined growth strategy. CREATING VALUE NOW AND BEYOND The Board of Directors has proposed a final dividend of 4.0 cents per share. Together with the quarterly interim dividends of 12 cents per share paid in 2022, the total dividend for 2022 will be 16 cents per share, after consistently paying 15 cents per share even in the depths of the COVID pandemic in 2020 and 2021. This translates to a dividend yield of 4.5%, computed using the average closing share price of the last trading day of 2022 and 2021. Notwithstanding our consistent and recently increased dividend payments, we will continue to work towards strengthening longterm shareholder returns across business and economic cycles. We remain steadfast in focusing on achieving sustainable business results, based on our well-defined growth strategy with clear midterm revenue and profit targets. We are executing well against our strategic plan, and our track record of producing results puts us in good stead to deliver shareholder value now and in the years ahead. ST Engineering is a Group with a vision, a clear roadmap and the wherewithal to achieve longterm sustainable growth. With the support of our shareholders, customers and employees, we will continue to shape ST Engineering into becoming a global technology, defence and engineering powerhouse. VINCENT CHONG SY FENG Group President & CEO Executive Director KWA CHONG SENG Chairman Non-Executive Independent Director 28 February 2023 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 11
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