(Enclosure 4) 1 (-Translation-) Information Memorandum on the Connected Transaction and Asset Acquisition of Master Ad Public Company Limited pursuant to Schedule 2 of the Notification of the Board

Attachment 3: Details of heads of internal audit and compliance units Attachment 4: Details of asset appraisal Part 1 Business Operation 1. Policy and business overview Provide an overview on the background

season. The Company’s management has primarily evaluated and forecasted that it would take at least 5 to 6 months for the tourism sector to slowly recover. The sign of recovery is expected to be evident at

and forecasted that it would take at least 5 to 6 months for the tourism sector to slowly recover. The sign of recovery is expected to be evident at the end of May or the beginning of June. In response

ใดอุตสาหกรรมหนึ่ง (high sector concentration risk) ≤20% 20-50% 50-80% >80% ความเสี่ยงจากการกระจุกตัวลงทนุในประเทศใดประเทศหนึ่ง (high country concentration risk) ≤20% 20-50% 50-80% >80% แผน าพแสดงต า

เสี่ยงจากการกระจุกตัวลงทนุในหมวดอตุสาหกรรมใดอุตสาหกรรมหนึ่ง (high sector concentration risk) ≤20% 20-50% 50-80% >80% ความเสี่ยงจากการกระจุกตัวลงทนุในประเทศใดประเทศหนึ่ง (high country concentration risk

assumption that the Bank will acquire 100% stake in Permata (both under the CSPA and through the mandatory tender offer to be conducted thereafter), using the value of net tangible asset criterion, which gives

-80% >80% ความเสี่ยงจากการกระจุกตัวลงทนุในหมวดอตุสาหกรรมใดอุตสาหกรรมหนึ่ง (high sector concentration risk) ≤20% 20-50% 50-80% >80% ความเสี่ยงจากการกระจุกตัวลงทนุในประเทศใดประเทศหนึ่ง (high country

consumer consumption, Public Sector investments spending, and the various effective advertising and marketing promotions campaigns undertaken as appropriate by the Company. As such, all are key factors to

from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The