Analysis We maintain a portfolio of credit for the purchase of receivables and properties for sale acquired at various points in time 4.4.1 Loans Purchased and Foreclosed Collateral Properties The following

Company Limited 140/1 KHANJANAPISEK RD., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455- 2763 ( “TRANSLATION” ) No. TG 072 / 2561 30 March 2018 Subject Land purchased from the

0009/20108 Page 3 of 10 the Acquisition or Disposition Rule. When combining the Transaction with the acquisition of assets acquired during six months preceding the date of the Company’s Board of

. In 2019, the Company acquired non performing debt, both secure and unsecure loan, amount 28,933 million Baht (contractual value) with investment of 3,368 million Baht which divided to be almost the

. However, cash flow can still be collected as the Company continuously acquired more distress debt. In the quarter 3-4 of the year 2019. In the past, the Company had bought non-performing loans from

-2741-5700-5 / Fax 0-2741-6878 / Company Tax ID : 0107545000021 4. Details of the Acquired Assets The Company intends to have FEREN invest in the ordinary shares of UWM purchased from Miss Malinee Boonrak

Transaction with the acquisition of assets acquired during six months preceding the date of the Company’s Board of Directors Meeting No. 2/2018, the Company has no acquisition of assets, so Ref. WINNER 0009

Acquisition or Disposition Rule. When combining the Transaction with the Ref. WINNER 0009/20108 Page 3 of 8 acquisition of assets acquired during six months preceding the date of the Company’s Board of

value of the acquired assets is approximately 5,354,375 Singapore dollars. 4) Benefits that the company will receive The company expects the purchase of WICE SG's ordinary shares to generate more revenue

Project meets all of the conditions as prescribed under Clause 24 of the Acquisition and Disposal of Assets Notifications: 1) The acquired business is similar to and complements the business of the Company