TAKEAWAYS FOR ACADEMICS RESEARCH QUESTION • Primary research question of project: Is there a case for the development of differentiating corporate governance policies, standards and recommendations governing

United States of America to operates international trading business; earning gradual revenue and primary profit increase with small remaining net loss due to the cost of new company incorporation and

Company Limited (the “Company”) hereby would like to inform you that the Company has disposed shares in Prime Area 38 Company Limited (which is a subsidiary in which the Company holds 100 percent of its

ordinary shares in 3 Joint Venture Companies (the “Disposed Joint Venture Companies”) in proportion of 50 percent to Sansiri. By disposing such ordinary shares, the Company will transfer to Sansiri all of

the land described in Asset Item (1) at Baht 0.17 million (collectively "Assets to be Disposed") to Ladprao Education Co., Ltd. ("LBS") .At present, it is the lessee of the land portion of the property

Deposit which is considered as part of the payment of land and buildings under this contract. • Remaining amount of Baht 225,000,000 at ownership transfer date. Value of Assets Disposed Book Value as of

payment of land and buildings under this contract. • Remaining amount of Baht 225,000,000 at ownership transfer date. Page 2 of 2 Value of Assets Disposed Book Value as of December 31, 2017 of Land and Land

ACC Green is no longer a Company’s subsidiary. ACC Green is the owner of land located in Tambon Ratsada, Amphoe Mueang Phuket. Phuket Province, with an area of 11 Rai. The price of disposed shares and

last year, Because the Company has already disposed of its investment since the third quarter of last year. Please be informed accordingly. Yours sincerely (Chirasak Chiyachantana Ph.D. Asso.Prof

weighted average exchange rate of Bangkok Bank at 32.72 Baht/US Dollar as of 5 September 2018) 5. Value of assets acquired or disposed - 1,585,787.55 Baht 6. Criteria on pricing - Pricing is an agreement