Extraordinary General Meeting of the Shareholders No. 1/ 2 5 6 1 , Plans for listing CAZ (Thailand) Co., Ltd. on the Market of Alternative Investment (mai) – Revised 3 Attention The President The Stock Exchange

Extraordinary General Meeting of the Shareholders No. 1/ 2 5 6 1 , Plans for listing CAZ (Thailand) Co., Ltd. on the Market of Alternative Investment (mai) – Revised 4 Attention The President The Stock Exchange

Market for Alternative Investment (MAI) of the Company such as audit fees and financial advisor, etc. Net profit Net profit was 26.16 million baht in 2017 and 13.93 million baht in 2018, or equivalent to

% 100% 99.99% 100% 99.99% 99.99% 81.25% 24.50% 12.8% (10.40%) 39.6% 50% 20% 100% 100% Alternative Energies (KK) 50% (25%) 40% 25% 15% 25.5% 47.6% 100% 99.99% 100% Kyotamba (GK) 98% 100% 100% Shichi

excess of 20% of the NAV but not exceeding 60% of the NAV. ▪ has a net exposure in equities, fixed income, and/or alternative assets. ▪ in case of the HK Covered Fund without specifying its investment

in the automotive industry have recovered. As a result, ocean freight began to resume playing a role in the Company's operating results. Cross Border Service is an alternative service that is very

Alternative Energy 1.3 1.1 -0.2 -18.7 Power Plants under Constuction 33.9 6.7 -27.2 -80.3 Share of Profit from Investments in Associates and Joint Ventures and Dividend Income 275.7 659.2 383.5 139.1 Foreign

company, to be listed in the Market for Alternative Investment (mai) by increasing registered capital from Baht 180,000,000 to 240,000,000 Baht by issuance of Ordinary Shares to Initial Public Offering (IPO

No. INSET 007/2563 24 February 2020 Subject Management Discussion and Analysis of the Year 2019 Operating Results, Ending 31 December 2019 Dear Governors and President Market for Alternative

) Company Limited ("CAZ") to file a request for registration as a public listed company in the Market of Alternative Investment (mai) 2. To approve the change in par value and number of shares of CAZ