The Board of Directors of NEP Realty and Industry Public Company Limited ("the Company") meeting No.12/2021 held on December 24th, 2021 resolved to approve the entering into the connected transactions with Vava Pack Company Limited ("VAVA Pack") with transactions as follows: To provide 18 rental plastic sack printing machines with an average usage time of 9 years 6 months to VAVA Pack for a period of 1 year starting from January 1st, 2022 until December 31st, 2022 at the rental rate of THB 300,000 per month in a total of THB 3,600,000 for the whole rental period. To provide a plastic sack printing service to VAVA Pack for a period of 1 year starting from January 1, 2022 until December 31, 2022 at the rate of not less than THB 1,325,000 per month (exclusive of VAT), no more than THB 15,900,000 (exclusive of VAT) for the whole agreement period. Such transactions are considered as the connected transaction which VAVA Pack is the major shareholder of the Company holding 19.78% of the paid-up capital by Mr. Weerachart Lohsiri is the shareholder of the Company holding 1.39% of the paid-up capital and Mrs.Thicomporn Chai-iam, Mr. Weerachart's spouse, is the shareholder of the Company holding 1.16% of the paid-up capital. Therefore, Mr. Weerachart Lohsiri is the direct and indirect shareholder, holding 22.33% of the paid-up capital. In addition, Mr. Weerachart Lohsiri and Mrs. Thicomporn Chai-iam are directors of the Company. The aforementioned transactions are the connected transaction in the type of supporting normal business without general trading conditions. The transaction size (both 2 transactions) is 2.87% of the net tangible assets according to the reviewed financial statements as of September 30th, 2021. The transaction size exceeds 0.03% but not more than 3% of net tangible assets. The Company does not have any connected transaction in the past six months. Therefore, the transaction must be approved by the Board of Directors and disclose information to the Stock Exchange of Thailand before entering into such connected transactions.