of the assets underlying a structured finance product change materially. Where feasible and appropriate for the size and scope of its credit rating business, this function should be independent of the

-2338-3000 Fax: 0-2338-3334 www.nationgroup.com 25 May 2020 Subject : Notification on Resolution of the Board of Directors’ Meeting No. 6/2020, Change of Directors and Directors’ Power, Entering into

; and (c) appoint an independent financial advisor to provide an opinion on the connected transaction and submit such opinion to the Securities and Exchange Commission (the “SEC”), the SET, and the

which is higher than the par value is due to the fact that the Company has considered the value of Hero Experience which evaluated by the independent valuer, the Sims Property Consultant Co., Ltd., the

audited by the independent auditor as follows: Consolidated financial statements The Company reported profit for the year 2017 in the amount of Baht 1,118.6 million (2016 : Baht 932.8 million) which

Committee Member and Executive Director 3. Mr. Kazuhiro Shibahara Director 4. Mr. Mitsuru Sekiguchi Director …/2 Translation - 2 - 5. Dr. Kulpatra Sirodom Independent Director, Chairman of The Audit Committee

Baht 20,000,000.00 Opinion of the Audit Committee concerning a connected transaction, specifying the reasonable and the highest benefit to the company comparing with an independent third party. The Audit

Date of Establishment : within August 2019 Location : Rama 2 Soi 33, (Wat Yai Rom), Jomthong, Bangkhuntian, Bangkok (The land is owned by the director. Leasehold evaluation by independent appraisers is

Committee concerning a connected transaction, specifying the reasonable and the highest benefit to the company comparing with an independent third party. The Audit Committee Meeting without the attendance of

, Rooftop Bar, Observation Deck, and retail Cube Building, this caused the Company to lose control in its subsidiaries. Afterward, the Company engaged the independent financial advisory firm to remeasure fair