On 25 April 2024, Far East Orchard Limited announced the application of its Scrip Dividend Scheme to the 2023 Dividend and the Record Date for determining Shareholders' entitlements to the 2023 Dividend. The company announced that for the purposes of the application of the Scheme to the 2023 Dividend, the price at which each New Share is to be issued credited as fully paid, to Shareholders who have elected to participate in the Scheme, in lieu of the cash amount of the 2023 Dividend, is SGD 1.001 for each New Share, the average of the volume weighted average prices of a Share on the SGX- ST for each of the market days, commencing on the day on which the Shares were first quoted ex-dividend on the SGX-ST after the announcement of the 2023 Dividend and ending on the Record Date. Election Notices for the scrip elective with respect to the FY2023 Dividend will be despatched to eligible Shareholders on or about 29 May 2024.

The 2023 Dividend will be paid on or about 5 July 2024. Shareholders not participating in the Scheme will receive the 2023 Dividend in cash.