E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

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

considered as connected party transaction as prescribed in the Notification of the Capital Market Supervisory Board No. TorChor 21/2008 re: Related Parties Transaction and the Notification of the Board of