The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 1 Table of Contents Page Executive Summary 5 Secion 1 Request for approval to sell
tax cut packages and accommodative fiscal policy. Broadly speaking, both developed and developing economies, excluding China, showed signs of improvement in concert. Looking forward, the global economic
percent of the total 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
shareholding percentage allowed under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the shareholders and upon certain conditions precedent under
of Things (IoT) will make security systems more vulnerable to cyberattacks. Looking forward, cyber security risk will remain critical in line with an increasing volume and value of economic and
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 the project is
than Baht 65,000,000. Therefore, the selling price will be Baht 9,000,000 in total and no Price Adjustment is made. Important condition precedents 1. The Company has obtained approval granted by the
such immaterial change of the purposes of use of proceeds from IPO upon receipt of approval from the Board of Directors. B.) Lending to the Subsidiary for investment in Original Equipment Manufacturer of
of approval from the Board of Directors. B.) Lending to the Subsidiary for investment in Original Equipment Manufacturer of cosmetics, in the amount of THB 148,000,000 or representing 14.99 percent of