Share Acquisition”). After the acquisition, the percentage shareholding of VGM in PBSB shall increase from 25 percent to 65 percent of PBSB’s total share. VGM expects the PBSB Share Acquisition to be

(Translation) — 1 — (Translation) No. 10000000/ 152 /61 20 June 2018 Subject: Resolutions passed by the Board of Directors Meeting regarding the share acquisition, the tender offer for the entire

Thanasiri Group Public Company Limited (“Thanasiri Group”), which equals to 51% of total registered and paid up ordinary shares of Takuni Land (after increased share capital to be 150 Million Baht) at price

acquisition of assets in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/ 2551 re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of

issued share at a price lower than a market price according to the Notification No.TorJor.72/2558; such transaction must be approved at the Shareholders’ Meeting of the Company with a vote of not less than

issued ordinary shares of the Company, at the par value of THB 6.90 per share, to ACO I as repayment of the Net Trade Debt of USD 32,934,250, or equivalent to THB 1,136,535,345.40, under the debt to equity

of THB 6.90 per share, to ACO I as repayment of the Net Trade Debt of USD 32,934,250.00, or equivalent to THB 1,136,535,345.40, under the debt to equity conversion scheme where the conversion price

of Baht 1.4000 per share, which is considered the offering of newly issued ordinary shares with a discount of not more than ten percent of the market price as defined in the Notification of the Capital

which is discount more than 10 percent of the Market Price; therefore, it is considered as an offer of newly issued share at a price lower than a market price pursuant to the Notification of the Capital

) (the “Notification No.TorJor. 72/2558”). Therefore, the offering and allocation of the Company’s newly issued shares to SUTGH of (1) under clause 5. is considered as an offer of newly issued share at a