from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into

plants in Japan, including delivery of share certificates and share transfer instruments. 6. Basis used to determine the value of consideration The value of consideration is derived from negotiation

plants in Japan, including delivery of share certificates and share transfer instruments. 6. Basis used to determine the value of consideration According to the agreed price between the purchaser and the

million   - 17 - and completion of restructuring plan for TSEO to hold 8 solar power plants in Japan, including delivery of share certificates and share transfer instruments. 6. Basis used to determine the

Company shall then transfer the asset to the highest bidder, under the condition that the price of each asset, regardless of any circumstance, shall not be lower than the “base price” approved by the

of the tax is specific business occurred in the date of the transfer), aadministrative expenses of Baht 12.51 million (Most of the costs will be as staff salaries and fees related to the operation of

shall be equally responsible for transfer fee. The seller shall be solely responsible for the tax and any other expenses. (7) General description of connected transaction Type of transaction

3.5% YoY. However, the money transfer service, of which the Company is the banking agent for 6 banks, has been growing consistently with 1,159,351 transactions per month, increasing 25.3% YoY, as well

percent Loss on disposal of assets amounted to 33.43 million baht, from The Company's land was sold. Payment of ownership transfer was made on 5 June 2019. Reference to the Board of Directors Meeting No. 8