useful for the benefit of the Company. Consequently, the Board of Directors approved the said transaction on 27 February 2020. The Audit Committee’s opinion The Audit Committee have no different opinion

Board of Directors has considered that the said transaction is a general business term and reasonable, and it is useful for the benefit of the Company. Consequently, the Board of Directors approved the

Board of Directors of Company approved this transaction, there was the resolution on Non-proportional capital increase in subsidiary arising from conversion of debt to equity which the highest value is

to development of project The Board of Director’s Meeting No. 15/2018 of J.S.P. Property Public Company Limited (the company), held on November 21, 2018 approved to the company Guarantee the borrowing

company NTA and approved entering into “Business Administration Agreement” with AFS and pay management fee in the amount not more than 92.58 million baht or 0.51% of the Company NTA. - Board of Director’s

the resolution of the Board of Director Meeting No. 3/2020, held on May 11th, 2020 of Hwa Fong Rubber (Thailand) Public Company Limited. has approved the connected transaction to increase the market

the resolution of the Board of Director Meeting No. 7/2018, held on August 6th, 2018 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between

considered that the transaction was beneficial to the whole company and therefore approved 11. The opinion of the Audit Committee. And/or directors of the Company. Different from the opinion of The Board of

resolution of the Board of Director Meeting No. 1/2019, held on February 25th, 2019 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between Hwa

resolution of the Board of Director Meeting No. 7/2018, held on August 6th, 2018 of Hwa Fong Rubber (Thailand) Public Company Limited. that approved renew the Technical Cooperation Agreement between Hwa Fong