information memorandum on a connected transaction to the SET and is not required to hold a shareholders’ meeting to obtain approval for the entering into such transaction with votes of no less than three
Company. The size of this transaction is more than 3% of the NTA of the Company. The Company has the duty to hold a meeting of shareholders to approve the entering into the connected transaction by a
Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets, and does not fall within the disclosure requirement under the
approved the entering into a transaction by the Board of Directors and required to disclosed to the SET in compliance to the Notification of the Capital Market Supervisory Commission No. Tor Chor 21/2551 Re
Assets (NTA). Therefore, it is deemed as a connected transaction of which needed to be approved the entering into a transaction by the Board of Directors and required to disclosed to the SET in compliance
every year on June 30th. Reasonableness of entering into the transaction. The Company entered into technical cooperation agreement with Hwa Fong Rubber Industry Co., Ltd., a parent company, on January 1
made every year on June 30th. (This year, there are an increase in contractual remuneration. So, it will pay after approved by the board.) Reasonableness of entering into the transaction. The Company
shareholders’ meeting on the entering into the connected transaction is then also required with votes of not less than three-quarters of the total votes of the shareholders attending the meeting and eligible to
Board of Directors and The Audit Committee’s Opinion Considering the reasons and necessity, the Board of Directors and the Audit Committee agreed that entering into this transaction is proper and
shareholders’ approval of the Company or to disclose information pursuant to the Notification of the Capital Market Supervisory Board No. Tor Jor 20/2551 Re: Rules on Entering into Material Transactions Deemed