and paid-up ordinary shares of TBSP. Consequently, the Company has rights or interests in the returns of TBSP and able to use power to direct the activities that has significant effect to the amount of

Opinion of the Independent Financial Advisor on the Asset Acquisition Transaction of Ordinary Shares of IGEN Engineering Company Limited provided by JVS Financial Advisory Company Limited (“JVS”). At that

offering of warrant to purchase ordinary shares of the Company to existing shareholders and joint ventures in subsidiary. (Edited) To: The President The Stock Exchange of Thailand Enclosure 1. Capital

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

the Allocation and Offering of the Newly Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme, ACO I will become a majority shareholder of the Company with a direct

subsidiary. 2. Price Dilution As the offering shares are EP’s shares, it is expected that there will be no direct effect to the market price of the Company’s ordinary shares (Price Dilution). However, the

will be converted to equity on the day that the shareholders’ meeting approves the allocation and offering of the newly issued ordinary shares of the Company under the debt to equity conversion scheme in

(-Translation-) Ref. No. VGIGM.CSC.SET.18.13 May 17, 2018 Subject Dividend Payment, Investment in the shares of Kerry Express (Thailand) Limited, Issuance and Offering of the Newly Issued Ordinary

capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in newly

increase the capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in