Board of Director: The Board of Directors has considered the transaction and has opinion that the transaction is necessary and reasonable.

transaction is reasonable and beneficial is reasonable and appropriate compared to the Book Value. The Board of Directors meeting has approved this transaction agreement made between Lee Feed Mill Public

considered the agreement and has opinion that the transaction is necessary and reasonable.

. Opinion of the Audit Committee: The Audit Committee has considered the transaction and has opinion that the management fee is reasonable and be proposed to the Board of Directors for further approval

Audit Committee has approved that the transaction are reasonable and shall be proposed to the Board of Directors. Opinion of the Board of Director: The Board of Directors has opinion that the transaction

Transaction The Board of Directors’ Meeting No.3/2017 held on 24 August 2017 considered the Transaction as reasonable and is for the benefit of the Company and its shareholders. 9. Opinion of the Audit

Boardpaper 2017-3 Eng 1 Information Memorandum on the Connected Transaction of White Group Public Company Limited Board of Directors’ Meeting of White Group Public Company Limited No.3/2017 held on

that this transaction is reasonable. Because it is in accordance with the policy and strategy of the Company that wants to reduce the production and distribution of products with low gross profit margin

shareholder returns. Thus, this transaction is reasonable and truly aims for the highest benefit of the Company. Please be informed accordingly. Sincerely yours, (Mr. Kuan Chiet) Vice President – Finance

given opinion that the connected transaction is reasonable and it is a normal operation business of the Subsidiary. (Translation) The opinion of the Audit Committee and/or the directors that different