are considered under the criteria prescribed in the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 (2008) Re: Rules on entering into Material Transactions Deemed as

Exchange Commission does not imply that the legal or regulatory requirements have been complied with. The Office of Securities and Exchange Commission has not, in any way, considered the merits of the shares

Company. Opinion of the Audit Committee: The Audit Committee has considered the purpose of transactions is supporting normal business transaction of the Company with fair and reasonable transactions

Freehold and Leasehold Property Fund (“LHPF”). It is considered to be connected transaction with the following details : Transaction date : The Board will determine the transaction date after the expiration

interests voting in the meeting, had consciously considered and unanimously approved the management to sign on the Technical Cooperation Agreement Hwa Fong Rubber Industry Co., Ltd. For the reasons mentioned

Audit Committee has considered the purpose of transactions is supporting normal business transaction of the Company with fair and reasonable transactions. Opinion of the Board of Director: The Board of

0.03% of the Company NTA but less than 3% of NTA of the Company. Opinion of the Audit Committee: The Audit Committee has considered the purpose of transactions is supporting normal business transaction

. Opinion of the Audit Committee: The Audit Committee has considered the transaction and has opinion that the management fee is reasonable and be proposed to the Board of Directors for further approval

Human Resource Committee. 3. Type and size of transaction, basis used to determine service fee and payment method 3.1 Type and size of transaction This transaction is considered as a services transaction

. 6. Transaction Size According to Notification of Connected Transaction The Transaction is considered as connected party transaction as prescribed in the Notification of the Capital Market Supervisory