in minute of IEC?s board of directors meeting with intention to deceitfully deprive IEC or its shareholders of their rightful benefit, dishonestly violating his duties and causing damage to the

capital, has the resolutions as follows: LHMH, the owner of Grande Centre Point Hotel Sukhumvit 55 (the “Hotel”), would like to lease the immovable assets and sell the movable assets of the Hotel to LH

item - Immovable property rental fees Baht 5 million 3. Transaction relating assets or services Revenue item - Business consultancy fees - Warehouse management fees - Movable property rental fees

fees - Movable property rental fees - Information technology system services fees - Training fees Baht 30 million Expense item - Design and renovation fees - Construction expenses - Movable property

Beach shopping mall, along with other rights relating to or in connection with the aforementioned systems. (3) Ownership of movable properties, i.e., equipment for décor, tools, instruments, whether fixed

or services Revenue item - Business consultancy fees - Warehouse management fees - Movable property rental fees - Information technology system services fees - Training fees Baht 25 million Expense

of transaction: Lease the shopping mall (partial building and structures, excluding land) and the utilities systems including transfer the Ownership of movable assets. However, the contract of the

the Stock Exchange of Thailand Re: Opinion of Financial Advisors Concerning Connected Transactions, 2003 in categories of related transactions on type of rental transaction on non movable property not

Thailand Re: Opinion of Financial Advisors Concerning Connected Transactions, 2003 in categories of related transactions on type of rental transaction on non movable property not more than 3 years which has