considering both the conditions of the entering into transaction, the appropriateness of the sale value as specified in no. 5, the ability to repay of the buyer in a manner than the buyer has demonstrated

appropriateness of the sale value. In this regard, Double Tree Holding has given confidence to the Company by signing the land and buildings sale and purchase agreement dated 31 Enclosure Page 9 January 2019 with

resolution of the Board of Directors’ Meeting No. 1/2020, held on 6 January 2020, has carefully considered this transaction, by considering the conditions of the transaction, the appropriateness of the sale

conditions of the transaction, the appropriateness of the sale value and opine that could resolve the Company’s liabilities. Enclosure 12. Opinion of the Audit Committee and/or opinion of the director which is

may arise, the appropriateness of the transaction price and conditions as mentioned above, the IFA views that the transaction is appropriate. Therefore, the shareholders should approve the disposition

shareholders’ decision making is as follows: 1. Details of the offering, determination and appropriateness of the offering price and determination of the market price 1.1 Details of the offering a) The Company

: (Translation) Enclosure 1 3 1. Details of the offering, determination and appropriateness of the offering price and determination of the market price 1.1 Details of the offering a) The Company issues 175,950,000

debentures, unsecured debentures, debentures having representative, debenture not having representative, depending upon the appropriateness of the market at the time of issuance and offer debentures. Commitmen

-Translation- No. ECF2 005/2019 17 January 2019 Subject: Cancellation of the resolutions of the Board of Directors’ Meeting No. 13/2018 in relation to the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under the private placement basis, and the schedule for 2019 Annual General Meeting of Shareholders...

from such capital increase in accordance with objectives in section 2 within the 3rd quarter of 2020. 4.3 Appropriateness of the capital increase, a plan to use funds, project to be operated and an