Sihanoukville Autonomous Port (PAS) 

Inception Year	1956
Industry Classification	Port Service
Type of Listed Shares	Voting Shares
No. of Listed Shares	85,771,967
Code	KH1000060009
Symbol	PAS
Listing Date	08-June-2017
No. of Staffs	945 employees
Website	www.pas.gov.kh

PAS is a stated-owned public enterprise, established to operate with services including navigational services for vessels call in and out of the port, cargo-handling such as stevedoring, Lift-on Lift-off, cargo transportation, cargo storage and warehousing, and transportation services. Presently, PAS also operates a special economic zone providing land rental for factories, cargo-handling and transportation, as well as securities services in the port and the SEZ.

PAS is the only deep sea port in Cambodia, covering an area of 125ha in Preah Sihanouk Province and is connected with various means of transportation including by land (National Road 3 and 4), by rails (linked to Phnom Penh and Kampot), and by air (linked to Siem Reap and Phnom Penh).

Board of Directors	Title
H.E. Lou Kim Chhun	Chairman and CEO (Delegation of the Royal Government of Cambodia)
H.E. Tek Reth Samrech	Member (Rep. of Council of Ministers)
H.E. Phan Phalla	Member (Rep. of Ministry of Economy and Finance)
H.E. Yun Min	Member (Rep. of Provincial Hall of Preah Sihanouk Province)
H.E. Suy San	Member (Rep. of Ministry of Public Works and Transport)
H.E. Sok Sopheak	Member (Rep. of Ministry of Commerce)
Mr. Lou Lykheng	Member (Rep. of PAS’s Employee)

Substantial Shareholders

Substantial Shareholder	% Shares
Ministry of Economy and Finance	75.00%
Japan International Cooperation Agency	13.50%
FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED	11.45%

Note: Substantial shareholders: shareholders holding ≥5% of listed shares.

Dividend Policy

The BOD of PAS adopted the dividend policy with the minimum guaranteed dividend yield of 5% per annum of the investment amount based on the IPO price for the period of 3 years after being listed at CSX, which is offered to the holders of Class C voting shares only.

After approving the annual closing accounts, the BOD shall allocate the net income available, if any, as follows:

• Compensation for loss(es) incurred in previous years.
• After the compensation, the remaining profit, if any, shall be distributed in the following manner:
• Reward to management and employees
• If the remaining profit accounts for 5% - 10% of the operating expenses of PAS, the reward shall be equal to the amount of one-month salary;
• If the remaining profit accounts for 10% - 20% of the operating expenses of PAS, the reward shall be equal to the amount of two-month salary;
• If the remaining profit accounts for above 20% of the operating expenses of PAS, the reward shall be equal to the amount of three-month salary;
• 5% of the net profit after deduction of the above-stated reward as Legal Reserve
• 5% of the net profit after deduction of the above-stated reward as Free Reserve
• 7% of the net profit after deduction of the above-stated reward as Social Fund, which shall be recorded as expense during the year.
• Dividend distribution to Class B, and Class C (subject to the BOD's approval)
• The remaining amount shall be used to create Enterprise Development Fund.

IPO

IPO Information
IPO Price (KHR)	5,040
Par Value (KHR)	1,000
No. of listed shares	85,771,967
No. of issued shares	21,442,992
1st trading date	8-Jun-2017
1st closing price (KHR)	5,100
Underwriter	SBI Royal Securities Plc.