), therefore, the Company shall be responsible to hold a Shareholders’ Meeting to consider to approve the entire business transfer, the approval must be made by at least three- fourths of all the voting rights

approval must be made by at least three- fourths of all the voting rights of shareholders attending the meeting and having a right to vote. The Timeline of Entire Business Transfer Transaction and Shares

Capital Market Supervisory Board No. TorChor. 72/2558 Re: Approval for Offering for Sale of Newly Issued Shares by Listed Companies 3 through Private Placement (as amended) (the “Private Placement

approval for offering newly-issued ordinary shares to specific investor by mean of Private Placement from the Office of Securities and Exchange Commission (the “SEC Office”). pursuant to Notification No

issued shares of NPSI, which is the maximum shareholding percentage allowed under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the

shares of NPSI, which is the maximum shareholding percentage allowed under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the shareholders

a bidding process. The Company shall complete such disposal within a period of no more than six months after it is granted the relevant approval by the shareholders meeting. The Company shall invite

Securities Dealing which are not Debt Instruments (No. 9) dated 2 May 2006. (Unofficial Translation) Page 4 of 12 9 In case the independent director deceases, resigns or SEC has annulled the approval, or

deceases, resigns or SEC has annulled the approval, or securities company is part of the financial conglomerate which has shareholder structure, internal audit and supervise by the official agency as SEC has

acquisition transaction was subject to the approval from the meeting of the shareholders and upon certain conditions precedent under the share purchase agreement have been fulfilled. Currently, the status of