Opinion of the Board of Directors about condition Eco have long times to process the business and involved in debtor, creditor and others lists. The buyer and guarantor (Eco’s director Mr. Teerasak Suwanyos

) Debtor Quality, Accounts Receivable Aging, Provision and Sufficiency of Allowance for Doubtful Debts The Corporate Group’s trade accounts receivable and other accounts receivable as at June 30, 2019

Service Coverage Ratio (Times) 79.87 56.23 (3) Asset Management Capability (3.1) Debtor Quality, Accounts Receivable Aging, Provision and Sufficiency of Allowance for Doubtful Debts The Corporate Group’s

debtor which is Rich Asia Industry Company Limited, subsidiary of the company. As the debenture creditor expedite the Company to pay the debt, So the Company has mortgage the subsidiary’s machine as

Cycle (Days) 40 40 Total Debt to Equity Ratio (Times) 0.80 0.47 Interest Coverage Ratio (Times) 189.00 126.53 Debt Service Coverage Ratio (Times) 92.06 75.36 (3) Asset Management Capability (3.1) Debtor

Enclosure 3.3 Rational and background of the transaction Rich Asia Corporation Public Company Limited (“the Company”) has the debtor which is Rich Asia Industry Company Limited, subsidiary of the company. As

guaranteed and the guarantor is obliged to liabilities jointly with the debtor without revocability before the maturity date; (2) for convertible bonds with the repayment term is not exceed than two hundred

institutions which the Company will be the borrower. The expected amount of loan is not exceeding USD 192 million or approximately not exceeding THB 6,074 million1 of which USD 142 million or THB 4,492 million1

restructuring of SGAH Group 2. Approval and release letters by the consortium of banks led by Barclays Bank PLC, discharging the obligations of SGAH's group as the borrower or guarantors under the facility

of SGAH's group as the borrower or guarantors under the facility agreement 3. Approval of the Transaction by the Board of Directors of SGAH 11. Characteristics and extent of interest of connected