Directors considered and viewed that the Transaction was reasonable and beneficial to the Company and its shareholders, given the reasons described in item 8 above. The Meeting therefore resolved to approve
found that the terms under the Credit Agreement are reasonable and are not less favorable the terms under other financial agreements of the Company in the past. As such, the Board of Directors has
financial agreements of the Company in the past, especially in relation to the financial assistance to GSTELfrom the Mahachai Group, and found that the terms under the Credit Agreement are reasonable and are
reasonable cause that such particulars should not be presented in the registration statement or other action has been taken to compensate for such non-disclosure. Clause 33 In considering the information in
of the land are fair, reasonable and lower than the prices appraised by the independent appraiser, which are comparable to the market prices of immovable property in nearby areas. 9. Opinion of the
into the transaction is appropriate and for the benefits of the Company and the shareholders, under reasonable conditions. 11. Opinion of the Audit Committee and/or opinion of the director which is
benefits of the Company and the shareholders, under reasonable conditions. 11. Opinion of the Audit Committee and/or opinion of the director which is different from the opinion of the Board under Clause 9
, and under reasonable conditions. The Company would like to inform that the Company and the Purchaser have already entered into the share purchase agreement for NML shares and/or other related agreements
that the entering into the transaction is appropriate and for the benefits of the Company and the shareholders, and under reasonable conditions. 11 Opinion of the Audit Committee and/or the director