คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 9 November 2018 Re: To clarify the financial statements as of 30 September 2018 To: President The Stock Exchange of Thailand WHA Corporation Public Company

Attention: President Stock Exchange of Thailand Demeter Corporation Public Company Limited (“DCORP” or the “Company”) would like to submit the reviewed financial statements for first 9 months of the year 2019

the company’s 2019 performance to the shareholders Agenda 3 Approve the audited financial statement for the year ended 31 December 2019. Opinion of the Board of Directors See as appropriate for the

the Requirement to Make the Tender Offer for all Securities of the Business by Virtue of the resolution of the Shareholders’ Meeting (Whitewash), Appointment of the Independent Financial Advisor and

Ref. No. IVL 002/05/2020 12 May 2020 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

Agreement to receive financial assistance from Link Capital I, in the amount of USD 71,000,000, or equivalent to THB 2,450,154,777.78, with a loan period of 5 years2 (the “Financial Assistance”), where on

appropriate method to consider NEXT’s corporate value. The financial advisor assumed that NEXT will continuously operate its existing business without any significant change, under the same economic conditions

Director to amend or change the date of determination of shareholders who shall be entitled to attend the Extraordinary General Meeting of Shareholders No1/2017 (Record Date) and to amend or change the date

); “Thai Stock Exchange” means the Stock Exchange of Thailand; “commercial bank” means any commercial bank under the law governing financial institution business; “depositary agreement” means any agreement

. Furthermore, under the debt to equity conversion scheme above, the Company will receive financial assistance from Link Capital I under the Credit Agreement in the amount of USD 41,000,000, or equivalent to THB