administrative penalties of not exceeding Baht 100,000 and fines of up to Baht 10,000 a day until they comply with the law. The Bank of Thailand’s Policy Guidelines Re: Loan Transactions, Investment in
Nam San 3B Power Sole Co. , Ltd. [ “Nam San 3B” ] from Phongsubthavy Roads and Bridges Construction and Irrigation Sole Co. , Ltd. in the amount not exceeding USD 113.2 million [approximately THB 3,581
Phongsubthavy Roads and Bridges Construction and Irrigation Sole Co., Ltd. for an amount of not exceeding USD 174 million (approximately THB 5,352 million). Nam San 3A is a Build-Operate-Transfer concessionaire
committees and/ or the Company’ s authorized directors to determine the sale price which must not have a discount of not exceeding 10 percent of such fair price and the price must be in the best interest of
foreigners at any time shall not be more than forty-nine (49) percent of the total issued shares of the Company. If any transfer of shares causes the Company’ s foreign shareholding exceeding such ratio, the
exceeding 35 percent in aggregate to not exceeding 49 percent in aggregate of the total number of shares sold; (2) be in accordance with the Announcement of the National Council for Peace and Order No. 74
shares under the specific objective basis to specific investors (Private Placement) from not exceeding 35 percent in aggregate to not exceeding 49 percent in aggregate of the total number of shares sold
reliance exceeding 30 percent of the total income or the total sales, as the case may be, according to the consolidated financial statements shall be specified with details on the number of customers
a risk factor. Any reliance exceeding 30 percent of the total income or the total sales, as the case may be, according to the consolidated financial statements shall be specified with details on the