1 No. ECF2 029/2561 28 June 2018 Subject The Entering into an Investment of the construction of the Manufacturing Plant and Distributing of the Medium Density Fiber Board or MDF Board in Narathiwat

MW which occurred in April 2018. In terms of power industry situation for the second half of 2018, the Energy Regulatory Commission (ERC) decided to maintain Ft rate at -15.9 Sa-tang per unit with the

year such as manufacturing (number of factories, total production capacity), acquisition of raw materials or products for sale, number of raw material distributors, proportions of domestic and overseas

preceding year such as manufacturing (number of factories, total production capacity), acquisition of raw materials or products for sale, number of raw material distributors, proportions of domestic and

enterprises’ spending, and private investments driven by increased manufacturing capacities in many industries. Overall, the Thai economy will continue to grow, which in turn could be affected by the

statement and draft prospectus. Clause 2 In this Notification: “unit” means a trust certificate representing the rights of the holder as a beneficiary of a REIT. “REIT” means a real estate investment trust

calculation: The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 14 Item Amount (Unit : million Baht) Value of consideration received from the

Limited and its subsidiaries for the twelfth-month period ended 31st December 2019 are as follows: Unit: million baht Detail for 12-month period ended December 2019 2018 diff % Total revenues 2,375 2,590

and its subsidiaries for the twelfth-month period ended 31st December 2019 are as follows: Unit: million baht Detail for 12-month period ended December 2019 2018 diff % Total revenues 2,375 2,590 (215

because the purchasers possess the sophisticated knowledge, ability, expertise and many years of experiences in the business of wood manufacturing and distributing as well as other related businesses such