to fight back the pandemic situation The COVID-19 pandemic and the closure of shopping malls, announced towards the end of March 2020, vastly impacted the sales of After You outlets across the country

right vote, however shareholders who have conflict of interest in this issue are excluded from the vote. (3) Appoint the Independent Financial Advisor for an opinion on the transaction to Securities and

Conflict of Interest shall be in accordance with Chapter 3; (4) Supervision of Investment for Employees’ Assets shall be in accordance with Chapter 4. Chapter 1 Excessive Transactions for Clients

Rules on Transactions for Clients with Intermediaries or Connected Persons shall be in accordance with Chapter 2; (3) Disclosure of Information related to Acts That May Cause a Conflict of Interest shall

) )()* '*C* fit and proper L`?#"%" )M outsource )*#$"%+M$' ."*#&',"\ 2. Q conflict of interest ) % SET .'?##$ SET P.' .'.. *P.'O%()* SET . )O!!*P.' !O \% "Q%["P!\)M?#!#" )MC#$ SET ̀ listed company Q*P.'O%()*P

The Board of Director of the Company (excluding the directors who had a conflict of interest on the Transaction as mentioned below) has considered and viewed the Transaction is reasonable and is

capital 9. Opinion of the Company’s Board of Directors The Board of Director of the Company (excluding the directors who had a conflict of interest on the Transaction as mentioned below) has considered and

ของผู้ถือหุ้น และปฏิบัติต่อผู้ถือหุ้นอย่างเป็นธรรม โครงสร้างการถือหุ้นชัดเจน เป็นธรรม กรรมการ ผู้​บริหาร และผู้ถือหุ้นรายใหญ่ ไม่มีความขัดแย้งทางผลประโยชน์ (conflict of interest) หรือมีมาตรการรองรับ

’ meeting, the director (s) with possible conflict of interests, and/or the director (s) serving as connected parties, did not attend nor were eligible to cast votes at said meeting. (13) Opinion by The Board

audit and counterbalance the operation and to prevent any transactions which may give rise to a conflict of interest, including keeping documents and evidence relating to the operation to facilitate the