reasonable and beneficial to the company because the company will make the working capital. The interest rate charged by AVF is lower than the market interest rate which is the interest rate that the company

considered that the transaction was beneficial to the whole company and therefore approved 11. The opinion of the Audit Committee. And/or directors of the Company. Different from the opinion of The Board of

Committee. It appears to be most beneficial to the Company. Please be informed accordingly. Very truly yours, Mr. Suchat Mongkhonaripong President and Chief Executive Officer

in providing the underling services. 6. Opinions of the Audit Committee The Audit Committee has opined that services provided by HCDS are beneficial to CPN’s business operations. HCDS’s know-hows and

. 6. Board of Director’s opinions The Board of Directors and The Audit Committee have considered the connected transaction is reasonable and beneficial to the subsidiary company since the rental rate

reasonable and beneficial is reasonable compared to the market renew the area rental rate. The Board of Directors meeting has approved this transaction regarding the renew land rental agreement made between

considered the connected transaction is reasonable and beneficial is reasonable and rental price is not lower than the actual rental price paid to Yuen Yong Foam Industry Co.,Ltd. The Board of Directors

entering into of the transaction The Board of Directors viewed that the entering into of the said transaction deems an appropriate and beneficial since allow APCON to allocate cash flow of the business more

. For the reasons mentioned above. This transaction is also considered as business promotion with is reasonable and beneficial to the company. Anyhow, the Audit committee had no different opinion from the

Board of Directors has considered and viewed that the entry into this transaction is reasonable and beneficial to the Company and the shareholders due to it is the business expansion to support the growth