-2763 Listed Companies on Connected Transactions, B.E. 2546 (as amended) (the "Connected Transaction Notifications") Calculating the size of connected transaction according to financial statement of the

ธุรกิจ อีกทั้งยังเป็นกำรลด barrier to entry ส ำหรับผู้ประสงค์จะเข้ำมำประกอบธุรกิจหลักทรัพย์รำยใหม่ และไม่เป็นอุปสรรคต่อกำรปรับ โครงสร้ำงและ business model ของผู้ประกอบธุรกิจรำยเดิม ทั้งนี้ กำรก ำหนดทุนจดทะ

Disposition of Assets B.E. 2547 (2004), dated October 29, 2004 (as amended) (the “Notifications on Acquisition or Disposition of Assets”). Upon calculation of the value of such transaction based on the Total

Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets B.E. 2547 (2004) dated October 29, 2004 (as amended) (the “Notifications on Acquisition or Disposal of Assets”). Upon

(including the amendments thereof) (“Notifications on Connected Transactions”). The Company speculates that the payment of shares and the transfer of the ordinary shares of KPN Academy will be complete by the

“Notifications on Connected Transactions”). Nevertheless, since such amalgamation has the purpose of shareholding restructuring only and the result of the amalgamation will not cause any change in control nor

amended) (the “Notifications on Acquisition or Disposition of Assets”). Should the Fair Price apply in the calculation of the transaction value based on the total value of consideration relative to the

and required practice for listed company relating to acquisition or disposal of assets, dated October 29, 2004 (collectively called the “Acquisition and Disposal Notifications”). When consider the

of the Stock Exchange of Thailand, Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (collectively, the “Notifications on

, have the same meaning as defined in the Notification of the Securities and Exchange Commission governing definition in the notifications relating to issuance and offering of securities issued by virtue