Connected Transaction As the offering transaction of TSE is the connected transaction to the company which is more than 20 Million Baht or more than 3 percent of net tangible assets, due to NTA of the company
Thailand (“SET’) for shareholders of the Company. The consideration of the purchased price intends to be completed within July 2019. Due to the restructuring of group of company under the common control
directors, namely, Mr. Chutinant Bhirombhakdi, Mr. Chayanin Debhakam, D.B.A. and Mr. Nutchdhawattana Silpavittayakul, did not present in the meeting during the relevant agenda items and did not cast their
stipulate conditions after receiving approval from the Extraordinary General Meeting of Shareholders. At present, the Company is in process of negotiating with a person who is expected to be a buyer and no
investment, and the Company shall, then, seek for investors who are interested in the project. At present, the current management, representing the existing shareholders, has been the operator to find
projects at installed capacity 30 MW per project. The Group submitted the lawsuit since 2020 and, at present, the lawsuit still in the progress of consideration of the Central Administrative Court
shareholders meeting to consider approving the disposition of shares from connected persons. The details of the transaction are described in the attached document. This transaction is connected transaction due
to make argument or present the evidence. The alleged person shall be entitled to file an explanation with the authority within fifteen days from the date of notification. The provision under the first
allocating the shares to any subscriber if such allocation causes or may cause the infringement of foreign shareholding restriction as specified in the Articles of Association of the Company which, at present
the referred Company’s notification). However, due to the decrease of price of the Company’s ordinary shares abovementioned which is a result of the present market and out of control of the Board of