affect KBank business operations, as well as impacts of climate change, to ensure sustainable growth and reasonable returns to stakeholders. 12 In 2019, KBank focused on customer service and credit risk

sustainable growth and reasonable returns to stakeholders. In 2018, KBank focused on customer service and credit risk management for every customer segment. Customers’ businesses were challenged by

the Audit Committee: The Audit Committee has considered the purpose of transactions is supporting normal business transaction of the Company with fair and reasonable transactions. Opinion of the Board

securities sold is less than the minimum amount specified by the issuer, the reasons for the cancellation of the offer for sale, and the securities subscription, etc.) - State the warning statement for

was a reasonable and appropriate transaction to the Company. The Company had no control due to the Company holds only 17.39% of the total shares and had no expertise personnel, in the business of mills

conditions are reasonable. 10) Opinions by The Audit Committee and/or company directors significantly different from those by the Board of Directors : - None -                  620/5 Moo 11 Nongkham, Sriracha

interests) deem it appropriate to approve the transaction in relation to the assets or service with the connected person as above mention. Due to the reasonable price, reference prices is made by the

reasonable and truly aims for the highest benefit of the Company. However, the Board of Director’s meeting, where directors who have interests and/or directors who are connected persons did not attend the

shareholder returns. Thus, this transaction is reasonable and truly aims for the highest benefit of the Company. Please be informed accordingly. Sincerely yours, (Mr. Kuan Chiet) Vice President – Finance

’ meeting has considered and given opinion that the connected transaction is reasonable and beneficial to the Subsidiary. The Subsidiary will receive the remuneration. The Audit Committee’s opinion : They