fair and reasonable transactions. Opinion of the Board of Director: The Board of Directors has considered the agreement and has opinion that the transaction is necessary and reasonable. Related company

of transactions is supporting normal business transaction of the Company with fair and reasonable transactions. The Audit Committee has additional opinion as follow; 1. The Company should allocate the

Company’s Board of Directors. The Company’s Board of Directors has concluded that such a transaction is reasonable. The Company has considered the tap water tariff reduction is appropriate and will help

Reasonableness After consideration, the Board of Directors is of the view that entering into loan transaction is reasonable and will benefit the Company. Risk The Company may be at risk of not receiving the

share of Baht 49,000.-, amounting to Baht 7,350,000.-. The said transaction is reasonable and carefully considered based on relevant favourable price and conditions. Due to the demand from the buyer to

follows: Transaction 1 1. Transaction Date: January 1, 2018 onwards Parties involved: Payee : Far East Fame Line DDB Plc. (FE), holding 99.99% shares of Springboard Plus Co., Ltd Payer : Springboard Plus Co

, for the total number of 420,000 shares, at the price per share of Baht 10.11, amounting to Baht 4,246,200. The said transaction is reasonable and carefully considered based on relevant favourable price

transaction The Board of Directors considered that this transaction is reasonable and beneficial to the business processes of both companies in consider to optimize capital management and minimize financial

of connected transaction to the SET. 7. Opinions of the Company’s Board of Directors. The Company’s Board of Directors has concluded that such a transaction is reasonable. The Company has considered

Page 1 of 3 PAP_SET19016 - Translation - August 13rd, 2019 Re: Connected Transaction Information Office Space Rental Attn: The Managing Director The Stock Exchange of Thailand Pacific Pipe Public