BTC. u*mvi inuibnu dnrm (winauj BANGPAKONG TERMINAL PUBLIC COMPANY LIMITED

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1 BTC u*mvi inuibnu dnrm (winauj BANGPAKONG TERMINAL PUBLIC COMPANY LIMITED (Translation) Minutes of the Annual General Meeting of Shareholders for the Year 2017 Bangpakong Terminal Public Company Limited Bangpakong Terminal Public Company limited (the "Company") held the Annual General Meeting of Shareholders for the Year 2017 on 20 April 2017, at 9.00 a.m. at the Meeting Room, M Floor, Jasmine Grande Residence Hotel (Rama IV), No Rama IV Road,Phrakhanong, Klongtoey, Bangkok Company's Directors Attending the Meeting 1. Gen. Jongsak Panichkul 2. Mr. Virasak Sutanthavibul 3. Mrs. Aree Termwattanapakdee 4. Mr. Manit Nitiprateep 5. Mr. Thitisak Skulkroo 6. Mr. Danai Piamthipmanust 7. Mr. Tawee Kullertprasert 8. Mr. Surath Pralongsil Independent Director and Chairman of the Board of Directors Independent Director and Chairman of the Audit Committee Independent Director and Member of the Audit Committee Independent Director, Member of the Audit Committee and Chairman of the Nomination & Remuneration Committee Director, Member of the Nomination & Remuneration Committee and Chairman of the Executive Committee Director and Member of the Executive Committee Director and Member of the Executive Committee Director, Member of the Nomination and Remuneration Committee, Member of the Executive Committee, Chief Executive Officer Executive Officer Attending the Meeting 1. Dr. Mongkon Laoworapong Chief Financial Officer 2. Ms. Tharada Kooprasit Company Secretary Auditors Attending the Meeting from Karin Audit Company Limited 1. Ms. Kannika Wipanurat Auditor 2. Ms. Kanita Sawangwong Assistant to the Auditor Independent Financial Advisors from Silom Advisory Company Limited 1. Mr. Pitak Kittiakrastein Managing Director 2. Mr. Natthaphat Puangphairoite Advisory Legal Advisors Attending the Meeting from LS Horizon Limited 1. Mr. Khemajit Choomwattana Partner 2. Ms. Panida Wongsriyanon Associate Representative from Thai Investors Association, the Shareholders' Right Protection Voluntary Mr. Phumraphee Ananthasingha Meeting Commencement at 9.15 a.m. As Gen. Jongsak Panichkul, Chairman of the Board of Directors, did not arrive at the commencement of the Meeting, the Meeting then resolved the election of Mr. Tawee Kullertprasert to

2 to the Company's Articles of Association. be summarized as follows: Procedures on Vote Casting at a Shareholders' Meeting In General Agenda were appointed by foreign investors according to the Proxy Form C. of the Meeting shall have a casting vote. In case of proxy form shall be voided and such vote shall not be counted as the votes from the shareholder. to consider and cast their votes as deemed appropriate. In Agenda regarding the Election of Directors, 1) Each shareholder or proxy holder shall have one vote for each share; 2) Each shareholder or proxy holder shall exercise all votes in appointing one or more person to be a Director, provided that any of the vote shall not be divisible; 3) Persons who had the highest votes in their respective order of the votes shall be elected as the directors at the number equivalent to the number of directors required at that time. In the event of an equality of votes among the persons elected in order of respective high number of votes which out act as the Chairman of the Meeting in the meantime pursuant to Article 41 of the Articles of Association which stated that the Chairman of the Board of Directors shall be the Chairman for the shareholders' meeting. In the event that the Chairman is not present or is unable to perform the duty, Vice-chairman, if any, shall act as the chairman of the Meeting. If there is no Vice-chairman or such Vice-chairman is unable to perform the duty, the shareholders present shall elect one shareholder to be the chairman of the Meeting. Thus, the Chairman of the Meeting assigned the Company's officer to inform the Meeting regarding the number of shareholders who attended the Meeting and the vote casting methods. The Company's officer informed the Meeting that there were 29 shareholders attending the Meeting in person, holding in aggregate of 726,434,756 shares, and there were 52 shareholders attending the Meeting by proxy, holding in aggregate of of 2,498,496,548 shares. Thus, there were 81 shareholders attending the Meeting in person and by proxy, holding in aggregate of 3,224,931,304 shares, representing percent of the total number of the issued shares of the Company, thereby constituting a quorum pursuant After that, the Company's officer explained the vote casting methods to the Meeting which can In casting vote in each agenda, the Company would count the votes received from the proxy forms at registration and/or when submitting the ballots from the shareholders at the Meeting, whereby one share would be entitled to one vote. The shareholders or the proxy holders shall cast their votes for either approval, disapproval or abstention, and must not split their votes except for the custodians who Any shareholder who wished to disapprove or abstain the vote in any agenda, please fill out the ballots received from the Company at the registration. After that the Company would deduct the disapproval votes and abstention votes from the total number of shares held by the shareholders attending the Meeting. The remaining votes shall be deemed to approve in such agenda.in general case, the Public Companies Act B.E (1992) shall deem to approve by a majority vote of the shareholders attending the Meeting and casting their votes. (In case of voided ballots shall not be counted as the total number of shares held by the shareholders attending the Meeting.) In case of a tie vote, the Chairman The proxy holders must only cast their votes as per the grantors' desire as specified in the proxy forms. Any vote in any agenda by a proxy holder which was not in accordance with the proxy If the grantor did not specify any desire his/her vote in any agenda in the proxy form, or in case of unclear, or the Meeting had the matters to be approved other than those specified in the proxy form, or in the event of any change to or addition of any facts, the proxy holders would be entitled For the agenda regarding the election of directors pursuant to Article 17 of the Articles of Association specified the Meeting to elect the directors according to procedures and methods as follows:

3 to casting vote. General Meeting of Shareholders for the Year Vote Counting and Announcement of Voting Results Meeting with transparency, in compliance with law and pursuant to the Articles of Association. the Meeting would be further prepared. agenda via the Company's website within 14 days from the meeting date (or by 3 May 2017). shareholders to ask about the procedures on vote casting. Meeting in accordance with the following agenda. Shareholders for the Year 2016 dated 28 April 2016 for adoption. Mr. Surath Pralongsil asked the Meeting whether any shareholder would like to ask any questions and express their opinions on the relevant matters. There was no shareholder asking a question or expressing an opinion. Mr. Surath Pralongsil, then, asked the Meeting to consider and adopt the minutes of the Annual General Meeting of Shareholders for the Year 2016 dated 28 April Page 3 out of exceed the number of directors required at that time, the Chairman of the Meeting shall have the right The Company had given the opportunity for the shareholders to propose meeting agenda and to nominate persons to be considered and elected as the Company's directors for the agenda of the Annual General Meeting of Shareholders for the Year 2017 in advance from 1October 2016 to 31 December The Company would like to inform that there was r\o agenda proposed by the shareholders or persons nominated by shareholders to be considered and elected as the Company's directors for the Annual The Company would explain vote casting method in each agenda to the Meeting prior to considering in such agenda, whereby the Company's officer shall count the votes in each agenda from the votes received from the proxy forms at registration and/or when submitting the ballots from the shareholders at the Meeting. Then, the Company would announce the voting results to the Meeting during to vote counting of the next agenda. The number of shareholders attending the Meeting in each agenda might not be equal since there might be more shareholders attending the Meeting or certain number of shareholders might leave the Meeting before adjournment of the Meeting. In this regard, the Company had provided an outsourced legal advisor to inspect the vote counting in order to conduct the In the event that a shareholder wished to ask any question, please raise the question on the related agenda. For a matter that was not on the agenda being considered, such question might be asked on the agenda regarding other matters in order to be time efficient for other shareholders. If a shareholder would like to ask any question, a person who acted as the Chairman of the Meeting might assign a director or the related Company's officer to answer the questions. A shareholder who wished to ask a question, please raise his/her hand so that the Company's officer would provide such shareholder a microphone. Such shareholder would be requested to inform his/her name and surname, and specify whether he/she was a shareholder attending the meeting in person or by proxy so that the minutes of The Company would disclose the minutes of the Meeting by specifying voting results of each In this meeting, Mr. Khemajit Choomwatta and Ms. Panida Wongsriyanon, legal advisors from LS Horizon Limited presented as witnesses in vote counting. The Chairman gave an opportunity to the After that, the Chairman assigned Mr. Surath Pralongsil, Chief Executive Officer, to conduct the Agenda 1 To consider and adopt the minutes of the Annual General Meeting of the Company had prepared the minutes of the Annual General Meeting of Shareholders for the Year 2016 Mr. Surath Pralongsil, Chief Executive Officer, reported facts and rationales to the Meeting that dated 28 April In this regard, the Company had sent copies of the said minutes to the shareholders

4 with the majority votes of the total shareholders who attended the Meeting and having the right to vote. Resolution The Meeting considered the matter and adopted the minutes of the Annual General Meeting of Shareholders for the Year 2016 dated 28 April 2016 as proposed by the majority vot^is of the total shareholders who attended the Meeting and having the right to vote as follows: Approved by 3,224,432,404 votes, equivalent to Agenda 2 To acknowledge the report of the Board of Directors regarding the operating results of the Company for the year 2016 Mr. Surath Pralongsil, Chief Executive Officer, assigned Dr. Mongkon Laoworapong, Chief Financial Officer, to report details of the Company's operating results for the year 2016 to the Meeting. Dr. Mongkon Laoworapong reported such Company's operating results for the year 2016 as per the details appeared in the Annual Report for the Year 2016 which was sent to the shareholders together with the invitation letter of this Meeting for acknowledgement. Details of which can be summarized as follows: In 2016,the service revenue increased from 2015 due to the expansion of the land transportation business and other related services in Sriracha which is supporting business for existing business. (ICD). Bangpakong port services operated for break bulk cargo and inland container depot services Land transportation business had generated profits for the company and the demand for this service and related services were significantly increased. The related services were rental crane services, transferring goods, customs clearance, and repair and maintenance services. In 2016, the revenue of port and facilities services business was at Baht 27.7 million, and almost equal to that of the year 2015 at Baht 27.0 million. The utilization of the port and facilities remained at relatively low level thus it was not cover costs of services. The company had loss of Baht 19.4 million in 2016, a decrease of loss at Baht 2.5 million, or 12% compared to net loss of Baht 22.0 million in Land transportation and other related businesses, which were mobile crane-rental service, truck dealership, and repair and maintenance services, had been commenced since December They had contributed to the increase of the revenue by several folds.in 2016, the gross profit was Baht 4.8 million, or 7% of the revenue from service income in Sriracha In 2016, the Company's gross loss was Baht 14.6 million, a decrease of Baht 7.2 million from Other income in 2016 decreased from 2015 of Baht 34.2 million due to reversal of the allowance for asset impairment amounting to Baht 36.6 million in Operating expenses in 2016 decreased from that of 2015 at Baht 15.9 million. In 2016, the Company's loss for the year was Baht 53.6 million. Page 4 out of 13 14

5 The questions and comments were summarized as follows: Mr. Narongchai Simaroj, a shareholder, enquired the cause of increasing of Q4/2016 administrative expenses of Baht 11 million. Dr. Mongkon Laoworapong explained that according to the report presented to the shareholders, part of total administrative expenses of year 2016 yias increased by depreciation expenses from the land transportation business in Sriracha. Mr. Norongchai Simaroj also made further enquiry that the Company's revenue of Baht 29 million in year 2015 derived from break bulk cargo of 300,000 tons, so in order to break even the Company should operate more than 700,000 tons. Mr. Surath Pralongsil replied that service revenue was not only derived from break bulk cargo but also inland container depot services (ICD). In addition, the Company was considering other business model to fully utilize Bangpakong port for utmost benefit. Mr. Norongchai Simaroj also suggested that the Company can further utilization of the port as facilities for warehouse rental. Mr. Surath Pralongsil appreciated the suggestion and added that the Company was considering the aforesaid opportunity. Mr. Pongsathorn Vanichsatien, a proxy holder, enquired when the Company would be in a profit position. Mr. Thitisak Skulkroo, Chairman of the Executive Committee, made a clarification that the Company was considering potential opportunities to enhance the profit. The Company was reviewing the bonded warehouses model and seeking other business opportunities to increase the profit and resources utilization. Mr. Pongsathorn Vanichsatien further enquired that how to increase return on assets (ROA) and how much the investment for profit enhancement. Mr. Thitisak Skulkroo further clarified that the Company was considering business opportunity to increase the profit and would inform shareholder respectively. In this regard, Mr. Surath Pralongsil informed the Meeting that this agenda was for acknowledgement. Therefore, the voting was not required. The Meeting acknowledged the operating results of the Company for the year Agenda 3 To consider and approve the statements of financial position and statements of comprehensive income for the year ended 31 December 2015 (restated) Mr. Surath Pralongsil, Chief Executive Officer, assigned Dr. Mongkon Laoworapong, Chief Financial Officer, to report details of the adjusted statements of financial ppsition and statements of comprehensive income for the year ended 31 December 2015 to the Meeting. Dr. Mongkon Laoworapong explained the matters to the Meeting for consideration which can be summarized as follows: The Company acknowledged the reviewing of the interim financial statements made by the auditor for the period ended on 31 March 2016 and found that the financial statements for the year ended31 December 2015 was required to restate the reversal of allowance for impairment which was in the amount of Baht 51.5 million pursuant to the Thai Accounting Standard No. 36 re: Impairment of Assets which specified that the amount of the reversal of allowance for loss impairment shall not exceed the book value of the net assets from depreciation or amortization. Page 5 out of 13 15

6 31 December 2015 Entry Building and equipment (17.88) Statements of comprehensive income position and statements of comprehensive income for the year ended 31 shareholders who attended the Meeting and having the right to vote as follows: Approved by 3,224,433,704 votes, equivalent to Page 6 out of In 2015, the Company reviewed the allowance for asset impairment and the records of the reversal of the allowance for impairment in the amount of Baht 51.5 million (comprising building and equipment amounting to Baht 29 million, non-operating land amounting to Baht 16 million, and leasehold right amounting to Baht 6.5 million) in the reviewed statements of financial position and statements of comprehensive income showing the investment ^pursuant to the equity method and the audited statements of financial position and statement^ of comprehensive income for the year ended 31 December 2015 which were audited and presented by the auditor on 25 February However, the Thai Accounting Standard No. 36 (adjusted 2014) re: Impairment of Assets specified that the amount of the reversal of allowance for loss impairment shall not exceed the book value of the net assets from depreciation and amortization (net from depreciation or amortization) if the business had never recognized the loss from impairment of assets in the past. Thus, the Company shall review the audited financial statements previously proposed and restate the statements of financial position and statements of comprehensive income for the year ended 31 December 2015 to replace the previous statements of financial position and statements of comprehensive income. The meeting of the Audit Committee No. 2/2016 on 11 May 2016 and the meeting of the Board of Directors No. 2/2016 on 11May 2016 had reviewed the statements of financial position and statements of comprehensive income for the year ended 31 December 2015 (restated) proposed by M.R. & Associates Co., Ltd., the Company's auditor during such period, and opined that it was correct, complete and trustworthy. The adjusted entries can be summarized as follows: Previouslv Adiusted New Entry Statements of financial position Other revenues (17.88) Loss of the year Since there was no shareholder asking a question or expressing an opinion,mr. Surath Pralongsil then asked the Meeting to consider and approve the statements of financial position and statements of comprehensive income for the year ended 31 December 2015 (restated). with the majority votes of the total shareholders who attended the Meeting and having the right to vote. Resolution The Meeting considered the matter and approved the statements of financial December 2015 (restated) as proposed by the majority votes of the total

7 Agenda 4 To consider and approve the statements of financial position and statements of comprehensive income for the year ended31 December 2016 Mr. Surath Pralongsil, Chief Executive Officer, assigned Dr. Mongkon Laoworapong, Chief Financial Officer, to report details of the statements of financial position and statements of comprehensive income for the year ended31 December 2016 to tj?6 Meeting. Dr. Mongkon Laoworapong reported such statements of financial position and statements of comprehensive income for the year ended31december 2016 as per the details appeared in the Annual Report for the Year 2016 which was sent to the shareholders together with the invitation letter of this Meeting for consideration. Details of which can be summarized as follows: The meeting of the Audit Committee No. 2/2016 on 23 February 2017 and the meeting of the Board of Directors No. 2/2017 on 23 February 2017 had reviewed the statements of financial position and statements of comprehensive income for the year ended31 December 2016 proposed by the Company's auditor, and opined that it was correct, complete and trustworthy, and it was disclosed sufficient information which can be summarized as follows: Entry Amount Total Assets Baht 542,343, Total Liabilities Baht 134,949, Total Revenues Baht 98,531, Net (Loss) Profit Baht (53,566,052.86) Profit (Loss) Per Share Baht (0.007) Since there was no shareholder asking a question or expressing an opinion, Mr. Surath Pralongsil then asked the Meeting to consider and approve the statements of financial position and statements of comprehensive income for the year ended31 December with the majority votes of the total shareholders who attended the Meeting and having the right to vote. Resolution The Meeting considered the matter and approved the statements of financial position and statements of comprehensive income for the year ended3 1 December 2016 as proposed by the majority votes of the total shareholders who attended the Meeting and having the right to vote as follows: Approved by 3,224,433,704 votes, equivalent to Agenda 5 To consider and approve not to appropriate the net profit as legal reserve and not to pay the dividend for the year 2016 Mr. Surath Pralongsil, Chief Executive Officer, assigned Dr. Mongkon Laoworapong, Chief Financial Officer, to explain details of not to appropriate the net profit as legal reserve and not to pay the dividend for the year 2016 to the Meeting that the Company's dividend policy was to pay dividends to the shareholders of approximately 30 percent of the net profits. In addition, according to Sections 115 and 116 of the Public Limited Companies Act B.E (1992) and Articles 48 and 51 of the Company's Page 7 out of 13 17

8 Approved by 3,222,205,097 votes, equivalent to Disapproved by 928,400 votes, equivalent to who retire by rotation of the year 2017 retired by rotation at the 2017 AGM were namely as follows: persons who shall be elected as the Company's directors by considering knowledge, capability, work experience and qualifications pursuant to the Public Company Limited Act B.E (1992) of the retired directors.it was deemed appropriate to recommend the election of the directors who retired by rotation of the year 2017 to resume their directorship and the same position(s) for another term, namely: 1. GEN. Jongsak Panichkul 2. Mr. Karoon Nuntileepong Page 8 out of Amended Articles of Association, the Company is required not to pay the dividend unless being approved by the shareholders' meeting, and the Company must appropriate at least 5 percent of its annual net profit as legal reserve, less accumulated loss brought forward (if any) until the legal reserve reaches an amount of not less than 10 percent of its registered capital. However, due to the Company' loss of operating results and that the Company required working capital for the business operation, the meeting of the Board of Directors No. 3/2017 on 2 March 2017 had deemed it appropriate to not to appropriate the net profit as legal reserve and not to pay the <^<ridend for the year Since there was no shareholder asking a question or expressing an opinion, Mr. Surath Pralongsil then asked the Meeting to consider and approve not to appropriate the net profit as legal reserve and not to pay the dividend for the year with the majority votes of the total shareholders who attended the Meeting and having the right to vote. Resolution The Meeting considered the matter and approved not to appropriate the net profit as legal reserve and not to pay the dividend for the year 2016 as proposed by the majority votes of the total shareholders who attended the Meeting and having the right to vote as follows: Abstained by 1,800,207 votes, equivalent to Agenda 6 To consider and approve the election of the directors to replace the directors Prior to considering Agenda 6, Gen. Jongsak Panichkul, Chairman of the Board of Directors, arrived at the Meeting. However, Mr. Surath Pralongsil, Chief Executive Officer, informed the Meeting that in order to conduct the Meeting in accordance with the good corporate governance practice and for the shareholders to cast their votes independently, the directors who retired by rotation of the year 2017 were requested to leave the meeting room. Mr. Surath Pralongsil further informed that the directors who 1. GEN. Jongsak Panichkul 2. Mrs. Aree Termwattanapakdee 3. Mr. Nuttaphob Ratanasuwanthawee, who had resigned from his directorship since 10 November 2016 The meeting of the Nomination and Remuneration Committee No. 1/2017 on 2 March 2017, excluding the members who had conflict of interest in this agenda, had considered eligibility of the

9 following votes: per the following votes: GEN. Jongsak Panichkul, Chairman of the Board of Directors, acted as the Chairman of the Meeting. After that the Chairman assigned Mr. Surath Pralongsil, Chief Executive Officer, to conduct the Meeting and propose the agenda matters to the Meeting in accordance with the following agenda. * Agenda 7 To consider and approve the determination of the remuneration of the directors for the year 2017 remuneration of the directors for the year 2017 that the meeting of the Nomination and Remuneration Mr. Surath Pralongsil, Chief Executive Officer, explained details of the determination of the Committee No. 1/2017 on 2 March 2017 and the meeting of the Board of Directors No. 3/2017 on 2 Page 9 out of In addition, the meeting of the Board of Directors No. 3/2017 on 2 March 2017 considered that such two directors were duly qualified under the Articles of Association of the Company, the Public Limited Companies Act B.E (1992) and the laws on securities and exchange. In addition, they possessed maximum benefits of the Company as well as to the ^Company, all shareholders and stakeholders. Thus, knowledge, capability, expertise, and experience. They could also devote their time and expertise for the they were suitable to be the Company's directors. Therefore, it was deemed appropriate to elect the directors who retired by rotation of the year 2017 p6 resume their directorship and the same position(s) for another term. Since there was no shareholder asking a question or expressing an opinion, Mr. Surath Pralongsil then asked the Meeting to consider and approve not to appropriate the net profit as legal reserve and not to pay the dividend for the year with the majority votes of the total shareholders who attended the Meeting and having the right to vote. Resolution The Meeting considered the matter and approved the election of the directors to replace the directors who retired by rotation of the year 2017 as proposed by voting for each director individually as follows: 1. GEN. Jongsak Panichkul, the Meeting resolved by the majority votes of the total shareholders who attended the Meeting and having the right to vote as per the Approved by 3,223,233,497 votes, equivalent to Disapproved by 1,300,207 votes, equivalent to Mrs. Aree Termwattanapakdee, the Meeting resolved by the majority votes of the total shareholders who attended the Meeting and having the right to vote as Approved by 3,224,533,704 votes, equivalent to After the vote casting completed, the Company's officer invited the two directors back to the Meeting.

10 for the year as follows: Company's auditor for 1year, since 2016), or Company's auditor for 1 year, since 2016), or Company's auditor for 1 year, since 2016) ' Any one auditor as per the name above shall examine and express opinion on the Company financial statements. In the case that such auditors could not perform their duties, Karin Audit Company Limited shall provide other certified public accountants to carry out the work instead. The annual audit fee and quarterly review fee shall be in the amount of Baht 1,200,000 (One million and two hundred thousand Baht only) which were excluded other actual expenses incurred and related to the direct audit which would be separately collected being in the amount of not exceeding Baht 96,000 (ninety six thousand Baht only). Page 10 out of March 2017 had considered the remuneration of the directors by taking into account the appropriateness and duties and responsibilities of directors, linking of remuneration and the Company's overall performance,as well as comparing with peers of similar size in the same business.therefore,it is deemed to determine the directors'remuneration for the year 2017 in the amount of not exceeding Baht 2,000,000 (two million Baht only) (inclusive of the Board of Directors, the Audit Committee and the Executive Committee), and that the Board of Directors shall Committee, and the Nomination and Remuneration.' internally allocate such remuneration. f Since there was no shareholder asking a question or expressing an opinion, Mr. Surath Pralongsil then asked the Meeting to consider and approve the determination of the remuneration of the directors with the votes of not less than two-thirds of the total shareholders who attended the Meeting. Resolution The Meeting considered the matter and approved the determination of the remuneration of the directors for the year 2017 as proposed by the votes of not less than two-thirds of the total shareholders who attended the Meeting Approved by 3,224,533,704 votes, equivalent to Agenda 8 To consider and approve the appointment of the auditors and the determination of the remuneration of the auditors for the year 2017 Financial Officer, to explain details of the appointment of the auditors and the determination of the Mr. Surath Pralongsil, Chief Executive Officer, assigned Dr. Mongkon Laoworapong, Chief remuneration of the auditors for the year 2017 to the Meeting. Dr. Mongkon Laoworapong reported that the meeting of the Audit Committee's No. 2/2017 on 23 February 2017 had considered the selection of the Company's auditors by considering qualifications of the auditors based on their performance, independence and audit fee, and expressed their opinions to the Board of Directors to propose the appointment of any one of the auditors from Karin Audit Company Limited to be the Company's auditors for the year 2017, namely 1) Mr. Jadesada Hungsapruek Certified Public Accountant No (having been a 2) Ms. Kannika Wipanurat Certified Public Accountant No (having been a 3) Mr. Jirote Sirirorote Certified Public Accountant No (having been a

11 The sale of such shares held in such both associated companies does not impact to the change in any shareholding structure, management and operation of core business of the Company. such investment could be deemed an entering into a connected party transaction of listed companies. Furthermore, the independent financial advisor reported and remarked that the disposition of Therefore, the meeting of the Board of Directors No. 3/2017 on 2 March 2017 had considered the matters and deemed that for the purpose of transparency this transaction shall be proceeded as if it was a connected transaction with the transaction value of more than or equaling Baht 20 million or more than Page 11 out of qy^stion or expressing an opinion, Mr. Surath Pralongsil Since there was no shareholder asking a then asked the Meeting to consider and approve the appointment of the auditors and the determination of the remuneration of the auditors for the year with the majority votes of the total shareholders who attended the Meeting and having the right to vote. Resolution The Meeting considered the matter and approved the appointment of the auditors and the determination of the remuneration of the auditors for the year 2017 as proposed by the majority votes of the total shareholders who attended the Meeting and having the right to vote as follows: Approved by 3,224,533,704 votes, equivalent to Agenda 9 To consider and approve the ratification of the disposition of shares held in Platinum Container Lines Co., Ltd. and Platinum Emerald Co., Ltd. and connected party transaction Mr. Surath Pralongsil, Chief Executive Officer, explained to the Meeting the details of the ratification of the disposition of shares held in Platinum Container Lines Co., Ltd. and Platinum Emerald Co., Ltd. and the connected party transaction of the Company. held on 11 May 2016 had approved the Company to dispose all shares held in 2 associated companies, Mr. Surath Pralongsil reported that the meeting of the Board of Directors No. 2/2016 which was namely Platinum Container Lines Co., Ltd. C'PCL") in the number of 3,200,000 shares, and Platinum Emerald Co., Ltd. ("PED") in the number of 972,000 shares. The two associated companies had ceased their business operations for more than 3 years and had substantial indebtedness. The shareholders' equity was negative, and there was substantially accumulated loss. In addition, such two associated companies had outstanding debt by owing the Company in the amount of Baht 520,965,043.15, the transaction of which was taken place in the past for quite some time. The Company had reserved the allowance for doubtful accounts in full amount. For this divestment, the Company had not assigned or waived its right as the lender of those two associated companies. The sale of such shares was completed on 30 September 2016.The total value of consideration was equivalent to Baht 100 per company; however, when calculated in accordance with the relevant notification, the value of the disposition of shares was equal to percent according to the total value of consideration basis. The size of the transaction was high due to the outstanding debt owing by such associated companies to the Company. The Company was currently under the process of filing court case in order to claim for outstanding debts from such both associated companies at the Central Bankruptcy Court.

12 associated companies (a) had ceased the operation for a long period of time; (b) carried negative that such transaction was considered as the acquisition and disposition of assets and the connected party the Company. Agenda 10 To consider other matters (if any) 4 Mr. Surath Pralongsil, Chief Executive Officer, asked if there was any shareholder who wished to give additional comments or make any enquiries. In this regard, there were shareholders asking questions on the relevant matters which can be summarized as follows: Page 12 out of or equaling 3 percent of the net tangible assets.the transaction value was equal to Baht 520,965, which was more than Baht 20 million. beginning because during such time the transactiop size was considered at only Baht 200, and the However, the Company did not proceed the transaction as a connected transaction since the Company did not include the total outstanding debt.'owed by those two associated companies into the calculation of the transaction size. The transaction was conducted on the ground that these two shareholders' equity and incurred substantial outstanding debt. After that, Mr. Surath Pralongsil asked for additional opinions from the independent financial advisor, Mr. Pitak Kittiakrastein, the Managing Director of Silom Advisory Company Limited, which opined transaction pursuant to the regulations of the Office of the Securities and Exchange Commission and the Stock Exchange of Thailand which required an independent advisor to give opinion on 2 aspects in order to protect the benefits of the minor shareholders which were the reasonableness of the transaction and the price appropriation. Mr. Pitak Kittiakrastein had summarized that there was no issue which was not appropriate as stated in the opinion presented to the shareholders for the acquisition and disposition of assets and the connected party transaction which was already sent to the shareholders. Since there was no shareholder asking a question or expressing an opinion, Mr. Surath Pralongsil then asked the Meeting to consider and approve the ratification of the disposition of shares held in Platinum Container Lines Co., Ltd. and Platinum Emerald Co., Ltd. and connected party transaction of with the votes of not less than three-fourths of the total shareholders who attended the Meeting and having the right to vote, excluding the shareholders who had conflict of interest. Resolution The Meeting considered the matter and approved the ratification of the disposition of shares held in Platinum Container Lines Co., Ltd. and Platinum Emerald Co., Ltd. and connected party transaction as proposed by the votes of not less than three-fourths of the total shareholders who attended the Meeting and having the right to vote as follows: Approved by 3,224,231,396 votes, equivalent to Abstained by 1,800,207 votes, equivalent to

13 Mr. Pongsathorn Vanichsatien, a proxy holder, asked if there were any other transactions to write-off and whether the Company's financial position tended to be in a good position. Mr. Thitisak Skulkroo, Chairman of the Executive Committee, explained that any write-off transactions would depend upon the assets valuation,and if they were obsolete or useless, the Company would consider to write-off. j Mr. Pongsathorn Vanichsatien further asked that how the Company's debt-to-equity ratio was. Mr. Surath Pralongsil replied that the Company's debt- to-equity ratio in year 2016 was Mr. Norongchai Simaroj, a shareholder, made a suggestion that the Company should consider appointment of Vice-Chairman to comply with Company's rule and regulation. Mr. Surath Pralongsil acknowledged and shall consider the matters accordingly. There was no shareholder neither asking additional question nor expressing their opinion. GEN. Jongsak Panichkul, Chairman of the Board of Directors, then thanked to all shareholders presented at the Meeting and declared the Meeting adjourned. The Meeting adjourned at a.m. I % HI 3 : * & SB Sincerely Yours, (GEN. Jongsak Panichkul) Chairman of the Board of Directors cxfl Ms. Tharada Kooprasit Minutes Recorder Page 13 out of 13 23