shareholding percentage allowed under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the shareholders and upon certain conditions precedent under

’ operating results for the year ended December 31st 2017 EBITDA Structure of the Company and its subsidiaries Q4/2016 Q3/2017 Q4/2017 YoY QoQ FY2016 FY2017 YoY Total Revenue 40,481 39,009 46,306 14% 19

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 1 Table of Contents Page Executive Summary 5 Secion 1 Request for approval to sell

follows: 1. To approve payment of interim dividend for the operating results of January to June 2017 from net profit and retained earnings under the Company's financial statement, to the shareholders, at an

THB 355 million from THB 870 million as of 31 December 2016. Sources of funds The Company received net cash from operating activities of THB 373 million, net resulted from revenue from sales and

Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of Securities Companies and Derivatives Intermediaries dated 6

. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of Securities Companies and Derivatives Intermediaries dated 6 September 2013

for the Company to participate the vote of approval in the Extraordinary General Meeting of Shareholders No. 1/2019, held on 8 March 2019, in order to dispose Land and Buildings, by the total highest

Board of Directors has unanimously resolved approve for the Company to participate the vote of approval in the Extraordinary General Meeting of Shareholders No. 1/2019, held on 8 March 2019, in order to

approve the entire business transfer, the approval must be made by at least three-fourths of all the voting rights of shareholders attending the meeting and having a right to vote. Moreover, the acceptance