. Market and Competitive Environment The Thai economy in FY22 started off with a positive tone of post-pandemic recovery with the tourist and hospitality- related sectors mostly benefiting from the border re

Statement for Thai-incorporated Company to offer for sale of securities in Thailand and ASEAN member country simultaneously or in proximate period (ชือ่บรษัิททีเ่สนอขายหลักทรัพย)์ (Commercial Name of the

$/BBL, a decline of 19.69 $/BBL, or a decline approaching of almost 40% from the previous quarter. This has affected the performance of the refinery business. Moreover, the Thai economy, especially

Notifications”) whose transaction size is equivalent to 87.59 percent of the net tangible assets (NTA) of the Company and its subsidiaries according to the reviewed consolidated financial statements of the

and conditions stipulated under the Thai Revenue Code for the purpose of tax exemption for such transaction (the “Entire Business Transfer Transaction”). BTSG is a majority shareholder of the Company

to the consolidated Audited Financial Statement of the Company, as of December 31, 2017. As a result, the Company is required to comply with the Connected Transaction Notifications, by disclosing

”). Information of KPN Academy KPN Academy was incorporated under Thai laws on 2 December 2013 with a registration, having its registered office at No. 77/1 Soi Ruam Sirimitr Chom Pon, Chatuchak, Bangkok. The main

at 8.1% contraction has recently as the impacts from COVID-19 pandemic on the Thai economy was less than previously expected in Q2/2020. The pandemic causes the worst global energy demand contraction

UNOFFICIAL TRANSLATION Codified up to No. 12 As of 14 February 2017 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

transaction of the Company and submit such opinion to the SEC, the SET, and the shareholders of the Company. In this regard, the net tangible assets (NTA) of the Company based on the consolidated financial