working capital of the Company (4) Total Value, Size of the Transaction, and Criteria to Value the Transaction 4.1) Total Value of Transaction : Not more than THB 43,200,000.00; the calculation is as

0.00000278 Mr. Sirapak Siriviriyakul 1 0.00000823 1 0.00000278 Mr. Sirivuthi Siamphakdee 1 0.00000823 1 0.00000278 Total 12,150,000 100 36,000,000 100 4.) Source of fund Working capital of the Company 5

the increase of its registered capital) To Baht 1,000 million Company’s Shareholding Percentage: Remain at 99.99% Source of fund: Working capital of the Company Objectives: To utilize as working capital

% when compared to the year 2018. There is a gross profit in the amount of Baht 10.79 million or 3.61%. Last year, the Company received only one additional construction project due to the limited working

working capital. 6) Total value of Consideration Obtained 39,998,400 Baht 7) The criteria used to determine the value of the consideration Par Value 8) Source of fund Working capital of the Company. 9) Type

the first issue to be used as working capital for the company. 8 Board’s Opinion The Board of Directors considered the proposed connected transactions to be appropriate, due to provide VIBHA sufficient

99.99% of registered capital held by the Company Establishment objective : To support the Hotel Management Agreement business Funding source used : Working capital of the Company The establishment of this

Director Structure: 1) Mr.Johanna Weichselbaumer 2) Mr.Marten Ijkema 3) Mr.Rolf Hübner 4) Mr.Erwin Zeller Funding Source: Working capital of the Company As a result of the completion of this transaction, UBM

Funding Source: Working capital of the Company As a result of the completion of this transaction, Glamford has turned its status into the subsidiary of the Company. In this respect, Vistra Shelf Companies

Company Limited (the “Company”) would like to inform you that on this day (September 20, 2019), Vienna International Hotelmanagement AG (“VI”) (which is a subsidiary in Austria in which the Company