government spending and the more obvious political situation after election, leading to higher spending on consumption. The issues that need to be tracked is the rubber price which is the main material for

. Mortgage collateral for the loan amount. 5. Objective of transaction : working capital 6. Interested directors not attend the meeting and not vote : Mr.Boonkiet Chokwattana 7. Opinions by the company’s Board

property. 7) Objective of transaction : Manufacture Factory 8) Interested directors not attend the meeting and not vote : 1. Mr.Boonkiet Chokwattana 2. Mr. Sujarit Patchimnan 3. Pol. Maj. Gen. Panurat

efficiency of assets utilization and also increase cash flow to the Company. 8. Directors who abstained from vote in the Board of Directors’ Meeting The directors who are representatives from ThaiBev abstained

or 48.04% 6. Funding Source Working capital. 7. Directors who have interest and/or connected persons did not attend and have no right to vote in this agenda 8. Reasonableness of transaction 1) Reduce

conflict of interest on this transaction did not attend the meeting and had no right to vote for this agenda. (8) Opinions of the Board of Director concerning the connected transaction The Board of Directors

. Interested directors not attend the meeting and not vote : Mr.Boonkiet Chokwattana 7. Opinions by the company’s Board of Directors : The Board of Directors considered and has opinions that this transaction is

connected transactions B.E. 2546 (2003). Therefore, the 11/11 Company arrange the 2020 Annual General Meeting of Shareholders to seek approval with a total vote of not less than three-fourth of total number

. Suchada Sodthibhapkul did not attend and did not vote at the relevant part of the Company’s Board of Directors meeting No. 4/2017 held on 22nd August 2017 which approved this connected transaction. 5

Ingpochai, and Ms. Wannee Sirimongkolkasem, who are close relatives of the connected person, did not attend the meeting and had no right to vote for this agenda. (8) Opinions of the Board of Director