of Directors has considered the agreement and has opinion that the transaction is necessary and reasonable.

business. 3  The Board of Directors’ opinion toward the transaction : The Board of Directors’ meeting considered that this transaction is reasonable and for the benefit of the company and its shareholders

connected transaction is reasonable and beneficial to the Company. In addition, the proposed purchase price is highest. 10. Opinion of the Audit : -none- Committee and the Directors which is different from

with the conflict of interest as aforementioned), had been considered and viewed that this connected transaction is reasonable. 9. Opinion of the Audit Committee The Audit Committee has no different

have conflict of interest did not join and vote for this agenda. Opinion of the Board of director and Audit Committee The connected transactions of the Company are reasonable in the normal course of

9. Opinion of the Board of Director The Board of Director has considered the reason and necessity and resolved that this financial assistance deemed appropriate reasonable and beneficial to business

reasonable price and higher than the appraised price. This transaction is not relevant to criterion according to the Disclosure of Information and Acts of Listed Companies Concerning the Connected Transaction

the Board of Director The Board of Director has considered the reason and necessity and resolved that this financial assistance deemed appropriate reasonable and beneficial to business operation and

management to sign on the Technical Cooperation Agreement Hwa Fong Rubber Industry Co., Ltd. For the reasons mentioned above. This transaction is also considered as business promotion with is reasonable and

), is a reasonable transaction. The objective of the transaction is to restructure shareholding structure of group company to maximize business benefit. The share purchasing price is based on the Net