True Public : Report on the Resolutions of the Annual General Meeting of Shareholders (the "AGM") for the Year 2020

(Translation)

Ref: TRUE-SEC 018/2563

19th June 2020

The President of the Stock Exchange of Thailand The Stock Exchange of Thailand

Subject: Report on the Resolutions of the Annual General Meeting of Shareholders

(the "AGM") for the Year 2020

Enclosures:	1.	Details of the Votes of the AGM for the Year 2020
2.	Details of the resolution of the AGM for the Year 2020 on the issuance and
offering of debentures

The Annual General Meeting of the Shareholders for the Year 2020 of True Corporation Public Company Limited (the "Company") held on 19th June 2020 at 2.00 p.m. at the Auditorium Room on 21st Floor, True Tower, located at No. 18 Ratchadapisek Road, Huai Khwang District, Bangkok, has passed the following important resolutions, details of the votes are as appeared in Enclosure No. 1;

• 1. Acknowledged the report on the result of business operations of the Company for the Year 2019.

• 2. Approved the Statements of Financial Position and the Statements of Comprehensive Income for the Fiscal Year ended 31st December 2019.

3.

Approved the appropriation of 2019 net profit as a legal reserve according to the law, in the amount of Baht 309,012,061.06 which is equal to 5 percent of the net profit for the Year 2019 and acknowledged the interim dividend payment from the Company's net profit for the Year 2019 at the rate of Baht 0.09 per share, totaling Baht 3,003,137,577.09 of dividend, which had been paid to the shareholders on 27th April 2020.

4. Appointed the following persons to be Directors of the Company in replacement of the Directors who retired by rotation and in replacement of the resigned Director, by casting the vote on an individual basis:

1)	Mr. Xu	Genluo	Independent Director
2)	Dr. Ajva	Taulananda	Director
3)	Dr. Li	Feng	Director
4)	Mr. Chatchaval	Jiaravanon	Director
5)	Mr. Narong	Chearavanont	Director
6)	Mr. Gao	Tongqing	Director

• 5. Approved the Directors' remuneration based on each position at the same rate as approved

• by the Annual General Meeting of the Shareholders for the Year 2019.

  Directors receive remuneration on a monthly basis

  Chairman	Baht 300,000 per month
  Honorary Chairman	Baht 200,000 per month
  Vice Chairman	Baht 150,000 per month
  Director, Independent or not Independent	Baht 100,000 per month
  Independent Director, who is also
  a member of one or more Committees	Baht 200,000 per month
  Independent Director, who is also
  a Chairman of one or more Committees	Baht 300,000 per month

  In this connection, any director being the Company's employee shall receive the director's remuneration in addition to his salary as employee.

• 6. Appointed Mr. Pisit Thangtanagul, Certified Public Accountant (Thailand) No. 4095, Mr. Kajornkiet Aroonpirodkul, Certified Public Accountant (Thailand) No. 3445, Mr. Paiboon Tunkoon, Certified Public Accountant (Thailand) No. 4298, and Ms. Nuntika Limviriyalers, Certified Public Accountant (Thailand) No. 7358 of PricewaterhouseCoopers ABAS Limited as the Company's auditors for the Year 2020, whereby any one of them shall be authorized to conduct the audit and express an opinion on the financial statements of the Company. In the absence of the above-named auditors, PricewaterhouseCoopers ABAS Limited is authorized to appoint other Certified Public Accountants of PricewaterhouseCoopers ABAS Limited to carry out the work. The auditing fee for the Year 2020 is fixed in total of Baht 5.5 million and the Board of Directors are authorized to have the power to determine the remuneration for additional auditing work on a case-by-case basis, should there be additional work.

• 7. Approved the issuance and offering of debentures as per details appeared in the Enclosure No. 2

Please be informed accordingly.

Sincerely yours,

- Signature -

Mrs. Rangsinee Sujaritsunchai Company Secretary

(Translation)

Enclosure No. 1

Details of the Votes of the AGM for the Year 2020

Agenda Item 2

To consider and approve the Statements of Financial Position and the Statements of Comprehensive Income for the fiscal year ended 31st December 2019

For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,114,411,826 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 25,114,411,626 votes equivalent to 99.9999 percent Disapproved with 200 votes equivalent to 0.0001 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 19,876,635 votes and Voided Ballot with 0 vote.

Agenda Item 3

To consider and approve the appropriation of 2019 net profit as a legal reserve and to acknowledge the report on the interim dividend payment from the 2019 net profit

For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,110,620 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 25,134,050,062 votes equivalent to 99.9998 percent Disapproved with 60,558 votes equivalent to 0.0002 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 276,577 votes and Voided Ballot with 0 vote.

Agenda Item 4

To consider the election of directors to replace the directors who retire by rotation and appointment of a new director to replace the resigned director

1) Mr. Xu Genluo

(Independent Director)For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,063,844 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 23,817,832,858 votes equivalent to 94.7632 percent Disapproved with 1,316,230,986 votes equivalent to 5.2368 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 323,353 votes and Voided Ballot with 0 votes.

2) Dr. Ajva Taulananda

(Director)For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,070,414 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 25,039,909,287 votes equivalent to 99.6254 percent Disapproved with 94,161,127 votes equivalent to 0.3746 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 316,783 votes and Voided Ballot with 0 vote.

3) Dr. Li Feng

(Director)For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,104,147 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 24,491,798,056 votes equivalent to 97.4445 percent Disapproved with 642,306,091 votes equivalent to 2.5555 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 283,050 votes and Voided Ballot with 0 vote.

4) Mr. Chatchaval Jiaravanon

(Director)For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,308,100 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 25,014,916,769 votes equivalent to 99.5250 percent Disapproved with 119,391,331 votes equivalent to 0.4750 percent of the total votes of the shareholders attending the meeting and casting votes

Abstained with and Voided Ballot with

79,097 votes 0 vote.

5) Mr. Narong Chearavanont

(Director)For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,052,047 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 25,036,238,039 votes equivalent to 99.6108 percent Disapproved with 97,814,008 votes equivalent to 0.3892 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 335,150 votes and Voided Ballot with 0 vote.

6) Mr. Gao Tongqing

(Director)For this agenda item, there were shareholders attending the meeting and casting votes in an aggregate of 25,134,052,047 shares.

The resolution was passed with a majority vote, which was comprised of the following votes:

Approved with 24,959,188,955 votes equivalent to 99.3043 percent Disapproved with 174,863,092 votes equivalent to 0.6957 percent of the total votes of the shareholders attending the meeting and casting votes Abstained with 335,150 votes and Voided Ballot with 0 vote.

Agenda Item 5

To consider and approve the directors' remuneration

For this agenda item, there were shareholders attending the meeting in an aggregate of 25,134,387,197 shares.

The resolution was passed with the votes of not less than two-thirds of the total votes of the shareholders attending the meeting, which was comprised of the following votes:

Approved with	25,130,101,810 votes equivalent to	99.9829 percent
Disapproved with	387,380 votes equivalent to	0.0015 percent
Abstained with	39,655 votes equivalent to	0.0002 percent
No right to vote with	3,858,352 votes equivalent to	0.0154 percent
Voided Ballot with	0 vote equivalent to	0.0000 percent
3

of the total votes of the shareholders attending the meeting.