increasing number of villas in Elite Haven’s existing markets. • Adjusts education strategy to enhance revenue potential by adjusting the degree program in accordance with the requirements, as well as creating

targeting Australia as well as continuous increasing number of villas in Elite Haven’s existing markets. Education business  Overall, educational business structure has changed significantly due to the

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

, in any case, shall require the presence of shareholder(s) representing at least 50 percent of the total issued shares in Hello LED consisting of at least 1 representative from each of the Existing

affiliated company. Quorum for shareholders’ meeting The quorum of any meeting of the shareholders of Hello LED, in any case, shall require the presence of shareholder(s) representing at least 50 percent of