Institutions Act B.E. 2546 Amendment (No.2) B.E. 2550 requires that a private higher education institution, in this case is Western University (Subsidiary) shall allocate its annual excess revenues over expenses

compared to December 31, 2016 as amount of 1,922.16 Million Baht thus subsidiaries has decline in short term loans from financial institution of 119.19 Million Baht , more trade account payable and other

as follows: - Bank overdraft and short-term loan from Financial institution decreased by Baht -45.9 million - Repayment of long-term loans of Baht -0.6 million - Paid of liability under finance lease

sale the idle assets, don’t take on loan from financial institution that reducing the cost of interest. 3 8) The condition with effect to right of shareholder None 9) Opinion of the Board of Directors In

8) The Benefits of the Transaction The company can be increase liquidity of business by sale the idle assets, don’t take on loan from financial institution that reducing the cost of interest. 9) The

compared to December 31, 2016 as amount of 1,922.16 Million Baht thus company and its subsidiaries has decline in short term loans from financial institution of 93.58 Million Baht, more trade account payable

cash used in Baht 8.0 million has essence transaction as follows: - Bank overdraft and short-term loan from Financial institution decreased by Baht 41.9 million - Repayment of long-term loans of Baht

received, that the company can accept this interest rate due to the period and condition to withdraw the loan better than the Financial Institution. 10. Opinions of the Audit Committee and/or the Directors

31 December 2016 mainly from an increase in 1) short-term loan from financial institution of THB 230mn to invest in CBD LED network and 2) other current liabilities of THB 7mn. The increase was

financial institution loans Please be informed accordingly. Sincerely yours, (Ms. Sopha Nachanhom) Company Secretary