Acts of Listed Companies Concerning the Connected Transactions B.E. 2546 dated 19 November 2003 (the “Connected Transactions Rules”). 3. General Characteristics, Class, and Size of the Transaction 3.1

Size of the Transaction 3.1 General Characteristics of the Transaction The Company will invest in 25.10% of all registered and paid-up shares of SGAH at the total value of USD 50.00 million or equivalent

competition during the past year, industrial and competition outlook with regard to, for example, an approximate number of competitors, the Company's size compared to the competitors, competitiveness and

compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations, being a constructive factor to refresh the brand image of Carabao in

factory warehouse at Baht 35 million and the purchase of machinery, equipment and related expenses to increase the production capacity of the flexible packaging products another Baht 40 million. This is to

B.E. 2547, dated October 29, 2004 (as amended) ( collectively, the “Acquisition and Disposal Rule”). The transaction size when calculated under the value of consideration criteria (based on the

Disposal of Assets B.E. 2547, dated October 29, 2004 (as amended) (collectively, the “Acquisition and Disposal Rule” ) . The transaction size when calculated under the value of consideration criteria (based

size when calculated under the value of consideration criteria (based on the Company’s Audited Financial Statements ended December 31, 2017 as audited by the Company’s auditor) equals to 90.9 percent

machinery, equipment and related expenses to increase the production capacity of the flexible packaging products another Baht 40 million. This is to increase the proportion of high gross margin products. In

space with a proper size for its operation. 7. Expected benefits to the Company from the asset disposal 7.1 This asset disposal will help reduce the debt of the Company, making the Company able to repay