Our Ref : No.V 07 /2018 February 26,2018 Subject : Explanation for operation of the year 2017 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

connected persons Investing in ordinary shares of Pek Industries Co., Ltd. To : Managing Director The Stock Exchange of Thailand The meeting of the Board of Directors of Pan Asia Footwear Public Company

connected persons Investing in ordinary shares of Pek Industries Co., Ltd. (Additional) To : Managing Director The Stock Exchange of Thailand The meeting of the Board of Directors of Pan Asia Footwear Public

upon any members of executive committee (its agent), managing director (its agent) regarding the determination, and alteration of the date, time, and venue of the Extraordinary General Meeting of

2019. (Ms. Bee Leng Ooi will continue to be a Managing Director of the Company). 2.2) Mr. Shaw-Tseng Ding, Director of the Company, resigned as a Company Director, with effect from 21st August 2019. 3

on 27 February 2020, have resolved the connected transactions which attached here in. Yours sincerely, Mr. Adisorn Thananan-narapool Managing Director Report of information on connected transaction

on 14 August 2019, have resolved the connected transactions which attached here in. Yours sincerely, Mr. Adisorn Thananan-narapool Managing Director Report of information on connected transaction

without approval from the shareholders. Please kindly be informed accordingly. Sincerely yours, Mrs. Teerada Ambhanwong Managing Director Chief Executive Officer

on 14 August 2018, have resolved the connected transactions which attached here in. Yours sincerely, Mr. Adisorn Thananan-narapool Managing Director Report of information on connected transaction

1 - TRANSLATION - VS/PC (Q-CON) 016/2018 May 10th , 2018. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis the first quarter ended 31 March 2018