Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

(dormant company). Padaeng Industry Public Company Limited (the “Company”) would like to notify that the Board of Directors’ Meeting No. 04-2019 which was convened on Friday 9 August 2019 resolved to approve

of July-December 2018 at Baht of 0.03 per share. The total outstanding shares entitled for the dividend is 4,554,643,575 shares and total dividend amount is Baht 136,639,307, the record date for the

outstanding idle assets and to create maximum benefit for the Company. The total transaction size of Disposal on fixed asset is USD 978,501 (Approximately Baht 29,985,478 which is accounted to 0.05% under the

depreciation which does not been included for tolling service. However, the Company still had gross loss because cost per ton still high which resulted from depreciation, idle cost which was fixed cost of the

trend, but not too much while big portion of idle capacity still existed. Hence, the oversupply risk will pertain with high probability towards 2018 and afterwards, if China and major steel producing

% – 74.3% throughout the year 2017, over the cycle, anyhow overall went on at higher level than previous year, somewhat improved indicates the recovery trend, but not too much while big portion of idle

went on at higher level than previous year, somewhat improved indicates the recovery trend, but not too much while big portion of idle capacity still existed. Hence, the oversupply risk will pertain with

while big portion of idle capacity still existed. Hence, the oversupply risk will pertain with high probability towards 2018 and afterwards, if China and major steel producing countries do not adequately

position 30 September 31 December Liabilities and equity Note 2019 2018 + (-) % Equity Share capital 24 Authorised share capital 48,775,744 48,775,744 Issued and paid-up share capital 34,250,905 34,250,905