NTA but less than 3% of NTA of the Company. Opinion of the Audit Committee: The Audit Committee has considered the purpose of transactions is supporting normal business transaction of the Company with

of transactions is supporting normal business transaction of the Company with fair and reasonable transactions. The Audit Committee has additional opinion as follow; 1. The Company should allocate the

Companies Concerning the Connected Transactions B.E.2546 (2003) and this transaction has no business characteristics that may cause the conflict of interest. 3. General Characteristics and Transaction Size

-Sep) Total Revenue 109 305 Type and size of transaction : This transaction is considered normal support business without any trade condition. The calculate size of this transaction is 0.031% which is

machinery, molds and equipment for Hwa Fong Rubber (China) Co., Ltd. “HFC”. For the reasons mentioned above. This transaction is also considered as business promotion with is reasonable and beneficial to the

mentioned above. This transaction is also considered as business promotion with is reasonable and beneficial to the company. Anyhow, the Audit committee had no different opinion from the Board. Please be

Ref. HF 0114 / 2562 August 5th, 2019 Subject : Disclosure of Connected Transaction. (Edit 2) Attn : Managing Director of the Stock Exchange of Thailand. According to the resolution of the Board of

electronic transaction and applying FinTech to business operation are still a challenge in Thailand mostly because the governing laws are https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=6844 Annual

normal business transaction is justified and will benefit the Company. Such Connected Transaction is considered at arm’s length basis. This transaction was considered and reviewed by the Audit Committee. 5

The Company will enter into the transaction by accepting the transfer of business from Best Alternative Energy Co.,Ltd. ("BEST"), which holds 1,071,818 shares of GS, for 216.40 million baht or 21.87