Tender Offer for all Securities in Thai British Security Printing Public Company Limited, Increase of the Registered Capital, Allocation of the Newly Issued Ordinary Shares to the Company’s Existing

hold NDR’s ordinary shares for 20.31% of paid-up Capital and appoint the representative as NDR’s director even though the representative of CRSB is not an executive who controls power in normal operation

normal operation of NDR. 3.3 The Notification of Connected Transactions The acquisition of FKRMM’s wholly shares and issuance of new ordinary shares as a compensation of this transaction is categorized as

Agreement 4. Size of transaction : Baht 8,380,000.00 Term of Services : 12 months The above transaction is classified as a connected transaction which supports ordinary course of business under normal

: ▪ Customer Rights to payment : ▪ Production house has enforceable rights to payment How to recognize revenue (over time vs point in time)? 5 6 Regular sale or Consignment Factory ModernTrade Facts - Once the

in the purchase, sale or exchange of securities in the normal course of business in consideration of a commission, fee or other remuneration therefrom. "securities dealing" means a purchase, sale or

. "securities brokerage" means brokering or representing any person in the purchase, sale or exchange of securities in the normal course of business in consideration of a commission, fee or other remuneration

-Translation- No. ECF2 005/2019 17 January 2019 Subject: Cancellation of the resolutions of the Board of Directors’ Meeting No. 13/2018 in relation to the investment in the ordinary shares of S-TREK

ordinary shares for 20.31% of paid apital and appoint the representative as NDR’s director even though the representative of CRSB is not an executive who controls power in normal operation of NDR. Therefore

Subject : Resolutions of the Board of Directors approving the capital decrease, the capital increase, the allotment of newly issued ordinary shares to investors in private placement, the acquisition of