Thai Film Industries Public : Connected Transaction

บริษัท ไทยฟิ ล์มอินดัสตรี่ จ ำกัด ำชน)(มห

THAI FILM INDUSTRIES PUBLIC COMPANY LIMITED

A CERTIFIED ISO 9001 / ISO 14001 COMPANY

Ref. No. TFIS 18/2022

May 26, 2022

Re: Connected Transaction

To: The President and Manger

The Stock Exchange of Thailand

The Board Directors' Meeting of Thai Film Industries Public Company Limited (the Company) No.5/2022, which was held on May 26, 2022, resolved for the approval of information on connected transaction of financial assistance credit loan from PM Group Co., Ltd., who is the major shareholder of the Company, in the principle amount not exceeding THB 200 million with a period within 1 Year at the interest rate of Siam Commercial Bank's MOR minus 1% per annum at present 4.845% per annum (Current rate at Siam Commercial Bank's MOR = 5.845% per annum) which is not higher than the short term interest rate that the Company directly loan from financial institution details are as follows;

General Description of the Transaction

It is a connected transaction of financial assistance in a form of short-term loan to working capital requirements with a principle amount not exceeding THB 200 million. The company will issue promissory notes to a call to the lender in accordance with the amount of principal appropriation and the reimbursement will be within 1 year at the interest rate of Siam Commercial Bank's MOR minus 1% per annum or 4.845% at present (Current rate Siam Commercial Bank's MOR = 5.845% per annum) pay interest every month, which is not higher than the short-term interest rate that the Company directly loan from financial institution.

Date of the Transaction

From May 26, 2022 till May 25, 2023

Other Connected Transactions in the Last 6 Months

- None-

Total Value of Connected Transactions

The following transaction of the notification of the Capital Market Supervisory Board Tor Jor. 21/2551 regarding the Disclosure of Information and Other Acts of Listed Companies Concerning Connected Transaction B.E. 2003 in financial assistance as value amount less than THB 20 million and lower than 3% of Company's net tangible assets. The connected transaction of financial assistance involves the Company borrows with a principle amount not exceeding THB 200 million from PM Group Co., Ltd.

ส ำนักงำน: 73/3 หมู่4 ถนนบำงนำ-ตรำด กม.13	Office: 73/3 Moo 4 Bangna-Trad Rd. Km. 13	โรงงำน : 327 หมู่8 ต ำบลมำบข่ำ	Factory: 327 Moo 8 Mabkha,
ต.บำงโฉลง อ.บำงพลี จ.สมุทรปรำกำร 10540	Bangchaloang, Bangplee, Samutprakarn, 10540	อ ำเภอนิคมพัฒนำ จังหวัดระยอง21180	Nikhompattana, Rayong 21180
โทร. +66 2750-1350,2316-9558	Tel: [phone]	โทร : [phone]	Tel: [phone]
โทรสำร : +66 2316-9687,2316-6226	Fax: [phone]

บริษัท ไทยฟิ ล์มอินดัสตรี่ จ ำกัด ำชน)(มห

THAI FILM INDUSTRIES PUBLIC COMPANY LIMITED

A CERTIFIED ISO 9001 / ISO 14001 COMPANY

with an interest rate of 4.845% per annum within 1 year with the interest payment for 1 year is THB

9.69 million which has been no other connected transaction over the last 6 months. Therefore, the total connected transaction value is THB 9.69 million which is higher than 0.03% but lower than 3% of the Company's net tangible assets as of March 31, 2022. This transaction is hence to be resolved for the approval by the Board of Directors and disclose a reported for this transaction to the Stock Exchange of Thailand.

Relationship between the Company and PM Group Co., Ltd.

Mahagitsiri Group hold 100 percent of PM Group Co., Ltd. and hold 14,805,012,702 shares in the Company from total 16,826,233,539 shares at a par value of Baht 1 per share, equivalent to 87.99%. The Mahagitsiri group is therefore considered major shareholders of the Company. Ms. Ausanee Mahagitsiriand and Mr. Chalermchai Mahagitsiri, currently are director in both PM Group and Thai Film Industries PCL. The above-board member, who are deem related persons on the connected transaction - did not attend nor cast their vote on this agenda.

Collateral to the Loan

- None-

Opinions of the Board of Directors

The Board of Directors had considered that the Transaction shall benefit the Company. Therefore the Board of Directors resolved to approve that the company shall enter into the borrowing transaction from PM Group Co., Ltd. with a principle amount not exceeding THB 200 million with a period within 1 year at the interest rate of Siam Commercial Bank's MOR minus 1% per annum or 4.845% at present (Current rate Siam Commercial Bank's MOR = 5.845% per annum) pay interest every month, which is not higher than the short-term interest rate that the Company directly loan from financial institution for working capital. The board of director consists of Ms. Ausanee Mahagitsiri and Mr. Chalermchai Mahagitsiri, who are deem related persons on the connected transaction - did not attend nor cast their vote on this agenda.

Different opinions from Directors and Members of Audit Committee

No Directors and audit committee members have different opinions from the Board Resolution.

Sincerely yours,

Signed

(Mr. Chairak Jantharanijkorn)

Managing Director

ส ำนักงำน: 73/3 หมู่4 ถนนบำงนำ-ตรำด กม.13	Office: 73/3 Moo 4 Bangna-Trad Rd. Km. 13	โรงงำน : 327 หมู่8 ต ำบลมำบข่ำ	Factory: 327 Moo 8 Mabkha,
ต.บำงโฉลง อ.บำงพลี จ.สมุทรปรำกำร 10540	Bangchaloang, Bangplee, Samutprakarn, 10540	อ ำเภอนิคมพัฒนำ จังหวัดระยอง21180	Nikhompattana, Rayong 21180
โทร. +66 2750-1350,2316-9558	Tel: [phone]	โทร : [phone]	Tel: [phone]
โทรสำร : +66 2316-9687,2316-6226	Fax: [phone]