liquidity and to reduce the financial burden. The selling value is 40.48 % when compares to total assets from company consolidated statements. (Market Value 70,370,000.00 x 100 divided by total assets as at

consolidated financial statements of the Company for the year ended 31 December 2017, which is equal to 15 percent or higher, but less than 50 percent, this is considered as a Type 2 transaction pursuant to the

บริษัท วนชัย กรุ๊ป จำกัด(มหาชน) -Translation- 22 December 2017 Subject : Disclosure of connected transaction by a subsidiary company To : President The Stock Exchange of Thailand Vanachai Group

the Notification of the Capital Market Supervisory Board Tor Chor 21/2551 Re: Rules of Connected Transaction. Moreover, after calculating the size of the acquisition of assets, it is not required to

transaction is an appropriate and beneficial to the Company on a long- term basis, and no disagreement to the Company’s Board of Directors has been raised by the Company’s directors and/or the audit committee

. (“Trans.Ad”) at the price of Baht 110 per share, totaling of Baht 9.90 million from the shareholders of Trans.Ad (the “Sellers”) who are not the related persons of the Company (the “Transaction”). This

of consideration based on the Company’s consolidated financial statements as of 31 December 2019 audited by the certified auditor. There is no acquisition transaction to be incurred in the past 6

following the Shareholders’ Approval. Thus, the aggregate transaction size is equivalent to 12.76% of net tangible assets of LPH and its subsidiaries based on the reviewed financial statements for the period

Nirvana Daii Public Company Limited (“NVD”), a 52%-owned subsidiary of Singha Estate, invested in January 2017. 1Q18 consolidated net profit grew 651% YoY, as the performance incorporated (non-cash) gains

SET with this letter. The differences between reviewed/audited and unreviewed/audited net income were shown as below: (Million Baht) Consolidated The Company Only Net income 2nd Quarter/2017 six-month