Credit (SBLC) in the amount of up to USD 50 Million by the Company to Indo Rama Synthetics (India) Limited (“IRSL”), a connected party. Rationale of the transaction: Post-acquisition of equity stake and

Directors and Audit Committee on the reasonableness of the transaction: The Audit Committee and Board is of the opinion that the transaction of acquiring the remaining 26% equity stake in PTIP by INBV from

baht and intense competition. Transaction For the Year ended 31st December Unit 2018 2017 Gross Profit Ratio % 14.58 15.60 Earnings Ratio % 3.15 4.88 Debt to Equity Ratio Time 0.27 0.29 Return on Equity

%, Net debt to EBITDA (including lease liabilities and license payable) was at 2.9x increase from 2.0X in FY22 from the consolidation of TTTBB lease liability and new debt for the acquisition transaction

transaction. If such one- time transaction was excluded, the return on equity equal to 14.9 percent and the return on assets from normal operation equal to 9.8 percent which slightly decreased from last year

profit incorporated the one- time transaction. If such one- time transaction was excluded, the return on equity equal to 14.9 percent and the return on assets from normal operation equal to 9.8 percent

and intense competition. Transaction For the Year ended 31st December Unit 2019 2018 Gross Profit Ratio % 10.90 14.58 Earnings Ratio % 0.19 3.15 Debt to Equity Ratio Time 0.30 0.27 Return on Equity

, liabilities and shareholders' equity as follows; Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2017 2016 Amount % Total Assets 480.16 508.14 (27.98) (5.51) Total

Assets Value 6.20% 2. Net Profit (12-month period) 32.52% 3. Total Value of Consideration 2.42% 4. Value of Issued Equity NA The transaction size of the Transaction calculated based on the 12-month period

equity. 2. Related transaction from the related persons: Member, the related transaction is related to asset or service that is larger than 20 million baht or 3% of NTA (whichever is higher). The