business. 3 The Board of Directors’ opinion toward the transaction : The Board of Directors’ meeting considered that this transaction is reasonable and for the benefit of the company and its shareholders
on August 13, 2019 resolved to approve the investment in the other company. The transaction is considered as an acquisition of assets according to the Notification of the Capital Market Supervisory
on the calculation of transaction, this is considered as a small transaction. The company’s board of directors has approved the borrowing of money. Loan from Yunnan Water (Hong Kong) Company Limited
Yusen Kabushiki Kaisha Group which is the shareholder of GCT, the amalgamation between SRT and GCT is considered as the connected transaction of the Company in accordance with the Notification of the
pipes to the contractor for a submarine pipe laying project. The delivery period started from end of year 2016 which was the first phase of the contract and Q1/2017 is considered the final part of the
considered as the connected transaction regarding the receipt of financial assistance pursuant to the Notification of the Capital Market Supervisory Board No. Tor Jor. 21/2551 Re; Rules on Connected
Characteristics and scope of the interest of the connected persons to enter to the connected transaction. This transaction is considered as the connected transaction regarding the receipt of financial assistance
working capital within the Company. This transaction does not have any negative impact to the Company. - Calculation method : The transaction of above are considered the disposal of assets. According to the
Thailand, targeting area’s in Energy, Eco and Materials. M&A targets in any other area, when encouraging, will be considered as well. Please be informed accordingly. Yours truly, -- Signature -- (Ms