enormous potential to grow the Company’s scale of business operations from fundamental perspective. Such a transaction is not considered a connected transaction as defined by the Notifications of the Capital

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 calculation of the transaction size

Companies Concerning the Acquisition and Disposition of Assets, 2004 (the “Notifications on Acquisition or Disposal”). The calculated transaction is the number 3 transaction and the detail of new company

on 22 Febru (Thailand) P up capital wit re is as follow ry n pany omplete the are still depen ent in Share P before the acq transaction c size is 7.48 p ansaction wit past six mon in of Phoenix of

Company Limited (“Company”) would like to notify the resolution of Board of directors’ meeting no.6/2019 held on 13 August 2019. The Board resolved the matter as follow; Connected transaction The Board of

resolved the matter as follow; Connected transaction The Board of director approved to rent the office area from Tang Mong Seng Holding Company Limited which located at 1168/ 68- 69 Floor 24 Lumpini Tower

staffs, internal control and follow up measures to ensure effective implementation. Clause 4. Beside the qualifications prescribed under Clause 3, an applicant for derivatives business operator

million baht or 0.36% which more than 0.03% but less than 3% of NTA of the Company. So this transaction is the connected transaction pursuant to the Notifications which shall be approved by Audit Committee

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

(Thailand) Co., Ltd. as follow; Items Before changing par value After changing par value 1. Registered Capital 100,000,000.00 Baht 100,000,000.00 Baht 2. Paid up Capital 100,000,000.00 Baht 100,000,000.00