the registered capital of Hero Experience (after the subscription of newly issued shares and the purchase of shares from an existing shareholder). 5.2 General Information (1) Overview of Hero Experience

”), in the Philippines, which is the solar power operator, from the existing shareholders of NPSI in the amount of 10,000 ordinary shares, representing 40 percent of the total issued shares of NPSI, which

operator, from the existing shareholders of NPSI in the amount of 10,000 ordinary shares, representing 40 percent of the total issued shares of NPSI, which is the maximum shareholding percentage allowed

Negros PH Solar Inc. (“NPSI”), in the Philippines, which is the solar power operator, from the existing shareholders of NPSI in the amount of 10,000 ordinary shares, representing 40 percent of the total

Solar Inc. (“NPSI”), in the Philippines, which is the solar power operator, from the existing shareholders of NPSI in the amount of 10,000 ordinary shares, representing 40 percent of the total issued

January 26, 2017 has resolved to approve the purchase of the ordinary shares of Negros PH Solar Inc. (“NPSI”), in the Philippines, which is the solar power operator, from the existing shareholders of NPSI

shares of KPN Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop

for an offer for sale of newly issued underlying shares upon compliance with Chapter 1 or Chapter 3, as the case may be; (4) An offer for sale of newly issued warrants to existing shareholders according

Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden

Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden Tiger Associates