comply with the requirement as follows: Criteria NDR (after the transaction is completed) 1. Directors, Management and Controlling parties are i) possess qualifications and not possess any prohibited

land to Saha Pathana Inter-Holding Plc. 1.1 Characteristics and Details of Transaction 7 1.2 Reasonableness of the Transaction 13 1.3 Fairness of Price and Conditions of the Transaction 15 Section 2

total number of sold shares of KPN Academy, considered as the Company obtains the transfer of private company into its ownership, pursuant to Section 107 (2) (b) of the Limited Public Company Act B.E

section 258 of the investor) as specified in the Securities and Exchange Act. B.E.2535 (as amended) (if any)) still being the major shareholder (the major shareholder means shareholding percentage exceed 10

- Translation - Page 1 of 6 CBG 042/2017 11 August 2017 Subject Payment of interim dividend and management discussions and analysis for the 3-month and 6-month periods ending 30 June 2017 To

publishing in the Government Gazette; and (3) be in accordance with Section 100 of the Public Limited Company Act, B.E. 2535 (1992) (including the amendments thereof) which has been amended by the Order of the

electronic media prescribed by the Ministry of Communication and Information Technology by publishing in the Government Gazette; and (3) be in accordance with Section 100 of the Public Limited Company Act, B.E

Technology by publishing in the Government Gazette; and (3) be in accordance with Section 100 of the Public Limited Company Act, B.E. 2535 (1992) (including the amendments thereof) which has been amended by

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for

persons to VAVA under Section 258 of the Securities and Exchange Act will not send any person to be directors and/or management in the Company. 7. Other conditions VAVA agrees not to demand any damages or