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The documents of the Annual General Meeting of Shareholders 2018

BUSINESS ONLINE PUBLIC COMPANY LIMITED Wednesday, March 28, 2018

at 2:00 P.M.

ASIC Room, 34th Floor, 900/29, SVOA Tower, Rama III Road, Bangpongpang, Yannawa, Bangkok 10120

------------------------------------------------------------------------------------------------------------------------------------------------------------------ The documents of the Annual General Meeting of Shareholders 2018 2

Ref: BOL 093/2018

7 March 2018

Subject: Invitation to the Annual General Meeting of Shareholders 2018

Attention: Shareholder of Business Online Public Company Limited

Attachment: 1. Copy of the Minutes of the Annual General Meeting of Shareholders 2017 on

29 March 2017

2. The annual report of the Board of Directors and the company’s Statement of

financial position and Statements of comprehensive income for the year ended

31 December 2017

3. Information of directors in replacement of those who retired by rotation

4. Details of amending company’s regulation article 36

5. The Articles of Association regarding the Shareholder’s Meeting and Voting

Procedures

6. Names and information of independent directors being proposed as a proxy

holder

7. Proxy Forms

8. Documents or evidence required to attend in the Shareholders’ Meeting

9. The map of the meeting venue

Business Online Public Company Limited will arrange the Annual General Meeting of Shareholders

2018 on Wednesday, 28 March 2018 at 2:00 p.m. at ASIC Room, 34th Floor, 900/29, SVOA Tower,

Rama III Road, Bangpongpang, Yannawa, Bangkok 10120. The meeting’s agendas will be as follows:

Agenda 1 To certify the Minutes of the Annual General Meeting of Shareholders 2017

Opinion of the Board : The Board of Directors recommends to propose the Minutes of the Annual

General Meeting of Shareholders 2017 to the shareholders to certify, as detailed in Enclosure 1.

However, the Minutes and other related documents to the 2018 Annual General Meeting of

Shareholders have been posted on the Company’s website together with the invitation of this

meeting since February 26, 2018 onwards.

Agenda 2 To acknowledge the report on the company’s operating results for the year 2017

Facts and rationales: The consolidated and the separate financial statements for the year ended

31 December 2017 as follow;

- Translation –


The company's operating results (Consolidate)

For the year 2016 For the year 2017 Increase (Decrease) %

Total revenue (Baht) 399,300,109 436,517,076 9.32

Net profit (Baht) 72,588,841 76,614,052 5.55

The company's operating results (Separate)



Net profit (Baht) 63,004,890 71,809,289 13.97

Detailed information of the company’s operating results is provided in the Annual Report 2017, as

detailed in Enclosure 2. Opinion of the Board : The Board of Directors recommends to acknowledge the report on the company’s operating result for the year 2017, as detailed in Enclosure 2.

Agenda 3 To consider and approve the audited Statement of Financial Position and

Statement of Comprehensive Income for the year ended 31 December 2017 which audited by Certified Public Accountant

Facts and rationales: Under section 112 of the Public Limited Company Act B.E. 2535, the Board of Directors must present the meeting of Shareholders with the company's audited Statement of financial position and Statements of comprehensive income for the year ended 31 December 2017 for the meeting of Shareholders' approval.

Opinion of the Board : The Board of Directors recommends to propose to the meeting of

shareholders to consider and approve the company's audited Statement of financial position and

Statements of comprehensive income for the year ended 31 December 2017 which had audited by

the auditor as detailed in Enclosure 2. Agenda 4 To consider and approve the profit apportionment and dividend payment

derived from operating results for the year ended 31 December 2017 and set the record date for Shareholder’s right to receive dividend

Facts and rationales: The Public Limited Company Act B.E. 2535 Section 115 requires that the company pay dividends from its profit only, and section 116 requires that the company set aside at least 5 percent of its net annual profit as a legal reserve until it reaches 10 percent of the company's registered capital.

The company has a policy to pay dividend of not less than 50 percent of consolidated net profit

after taxation; however, the payout ratio may be lower if the company plans to expand its

operations. The dividend payment shall not exceed the retained earnings of the company financial

statements.

Opinion of the Board : The Board of Directors recommends to propose to the meeting of Shareholders to consider and approve the company’s operating results of the year 2017 and dividend payment as follows :-


The company had legal reserve of net profit for the year 2014 until it reaches 10 percent total 8,260,000 Baht of the company's registered capital a statutory reserve, refer to resolutions of the Board of Directors Meeting No.1/2015

For the accounting period ended on 31 December 2017, the consolidated profit are 76.61

million Baht so propose to the meeting approve of dividend payment to company’s

shareholders at 0.08 Baht per share, derived from net profit under non-BOI privilege 0.0505

Baht per share and under BOI Privilege 0.0295 Baht per share (par 0.10 Baht) totaling

65,640,440 Baht of the consolidated net profit after tax for the year 2017 at the rate of

85.68%.

The record date on which shareholders have the rights for receive dividend on Friday,

2 March 2018 and the date of dividend payment would be on Tuesday, 10 April 2018. In this

regard, the rights to receive dividend is uncertain as it has not been yet approved by

shareholders.

Table of comparison of the dividend payments paid in 3 years past

Details of dividend payment Year 2015 Year 2016 Year 2017

Net Profit after Tax (Million Baht) 61.19 72.59 76.61

Number of Issued Shares (Share) 793,993,250 795,229,750 820,505,500

Amount of dividend per share (Baht) 0.06 0.07 0.08*

Total amount of dividend payment (Million Baht) 47.64 55.67 65.64

Rate of Dividend Payment Against Net Profit (estimate) 78% 77% 86%

*Dividend proposed for consideration in this matter, derived from net profit under non-BOI privilege 0.0505 Baht per share and under BOI Privilege 0.0295 Baht per share

The rates of dividend payment comply with the company's dividend policy.

Agenda 5 To consider and approve the appointment of new directors replacing those

retired by rotation

Facts and rationales: Under Article 18 of the Articles of Association, at least one-third or the closest number to one-third of the directors shall vacate offices at every annual ordinary general meeting. The directors who were due to retire by rotation in the 2017 would be as follows:

No. Name Position

1 Mr. Noravat Suwarn Director

and Chairman of the Board

2 Mr. Anant Tangtatswas Independent Director,

Chairman of Audit Committee, Chairman of

Nomination and Remuneration Committee, and

Chairman of Corporate Governance Committee

3 Asst.Prof.Dr. Karndee

Leopairote

Independent Director, Audit Committee and

Nomination and Remuneration Committee

4 Ms. Chamaiporn Apikulvanich Director, Corporate Governance Committee

and Chief Executive Officer

Mr. Noravat Suwan wishes not to renew the term of director. The Company has to propose to the

Annual General Meeting of Shareholders for appointment of Mr.Banyong Limprayoonwong as the

replacement.


The Nomination and Remuneration Committee (NRC), without members who have conflict of

interests, had considered all required qualifications of the directors pursuant to the applicable laws,

the Company’s Articles of Association, and Nomination of Directors and Management as defined in

the Company’s Corporate Governance Policy, and was of the opinion that the 3 directors who will

retire, and the 1 new director have all the qualifications as specified in the Public Company Act B.E.

2535, knowledge, capability and experience in the business relating to the Company’s operation.

In addition, the nomination process that is carried out by the Nomination and Remuneration

Committee, except for the related directors; has considered and deemed that Mr. Anant

Tangtatswas, if reelected would have a tenant of more than 9 years and Asst. Prof. Dr. Karndee

Leopairote whose tenant would end this year. Both directors have served as independent directors

and audit committee and have been transparent in giving impartial advice while bring the

knowledge, experience, and expertise which greatly benefits the company. They also meet the

qualifications for being independent directors and audit committee as specified by the Securities

and Exchange Commission.

Therefore, the Board of Directors would like to propose to the Meeting to reelect the 3 directors

whose term has come to an end and elect 1 new director.

During December 1 - 31, 2017, the company provided an opportunity to its shareholders to propose

agenda for the meeting and list of qualified candidate (s) for the directorship, there was not any

proposal from minority shareholders.

As detailed:

No. Name Propose for appointment

1 Mr.Banyong Limprayoonwong Director

and Chairman of the Board

2 Mr. Anant Tangtatswas Independent Director,

Chairman of Audit Committee, Chairman

of Nomination and Remuneration

Committee, and Chairman of Corporate

Governance Committee

3 Asst.Prof. Dr. Karndee Leopairote Independent Director, Audit Committee

and Nomination and Remuneration

Committee

4 Ms. Chamaiporn Apikulvanich Director Corporate Governance

Committee and Chief Executive Officer

Brief qualifications of the four directors as detailed in Enclosure 3. .

Opinion of the Board: The Board of Directors recommends to propose to the meeting of

Shareholders to consider and approve the appointment of Mr. Anant Tangtatswas, Asst.Prof. Dr.

Karndee Leopairote and Ms. Chamaiporn Apikulvanich retiring directors by rotation to return to

their offices as directors for another term. And To consider and approve the appointment of Mr.

Banyong Limprayoonwong to replace Mr. Noravat Suwan.


Agenda 6 To consider and approve the change of authorized director

Facts and rationales: Mr. Noravat Suwan wishes not to renew the term of director. The Company

has to propose to the Annual General Meeting of Shareholders for consider and approve the change

of authorized director.

From Mr. Min Intanate or Mr. Noravat Suwan or Ms. Chamaiporn Apikulvanich or Mr. Prayoon

Rattanachaiyanont two directors affix name with the company seal affixed.

New Mr. Min Intanate or Mr.Banyong Limprayoonwong or Ms. Chamaiporn Apikulvanich or Mr.

Prayoon Rattanachaiyanont two directors affix name with the company seal affixed.

Opinion of the Board: The Board of Directors recommends to propose to the meeting of Shareholders

to consider and approve the change of authorized director

Agenda 7 To consider and approve Director’s remuneration

Facts and rationales: Policy of the remuneration of the Board of Directors and Committees have

been clearly and transparently set to be comparable to the general practice in the same industry

and be appealing enough to attract and retain qualified directors. The Nomination and

Remuneration Committee (NRC) will consider the remuneration and propose for consideration of

the Board of Directors prior for further approval from the shareholders.

The consolidated and the separate financial statements for 31 December 2017 as follow;

The company's operating results (Consolidate)



Net profit (Baht) 72,588,841 76,614,052 5.55

The company's operating results (Separate)



Net profit (Baht) 63,004,890 71,809,289 13.97

7.1 Propose the meeting of Shareholders consider and approve paying bonus to Chairman of the Board, Executive Chairman and Board of Directors for the year ended 31 December 2017 as per details below:


No. Name Position Year 2016

(Baht)

Year 2017

(Baht)

1 Mr. Noravat Suwarn Chairman of the Board 320,000 320,000

2 Mr. Min Intanate Executive Chairman 200,000 200,000

3 Mr. Prayoon Rattanachaiyanont Director 80,000 80,000

4 Dr. Wilson Teo Yong Peng Director 80,000 80,000

5 Mr. Anant Tangtatswas Independent director

/Chairman of Audit

Committee/ Chairman of

Nomination and Remuneration

Committee, and Chairman of

Corporate Governance

Committee

80,000 80,000

6 Ms. Manida Zinmerman Independent director /

Audit Committee/ Nomination

and Remuneration Committee

80,000 80,000

7 Ms. Suteera Sripaibulya Independent director /



80,000 80,000

8 Asst.Prof.Dr. Karndee Leopairote Independent director /



80,000 80,000

Total 1,000,000 1,000,000

Ms. Chamaiporn Apikulvanich and Mr. Chaiyaporn Kiatnuntavimon offered to waive bonus as the

director.

Opinion of the Board : The Board of Directors recommends that the meeting consider and approve paying bonus to the company’s directors as per details above:

7.2 Propose the meeting of shareholders to consider and approve director’s remuneration for the

year 2018 as follows:


(Baht/month)

Year 2018

(Baht/month)

1 Mr. Noravat Suwarn(1) Chairman of the Board 352,657 369,790

2 Mr.Banyong Limprayoonwong(2) Chairman of the Board - 285,000

3 Mr. Min Intanate Executive Chairman 270,306 283,821

4 Mr. Prayoon Rattanachaiyanont Director 20,000 20,000

5 Mr. Anant Tangtatswas Independent Director 20,000 20,000

Chairman of Audit

Committee

53,500 53,500

6 Ms. Manida Zinmerman Independent Director 20,000 20,000



(Baht/month)

Year 2018

(Baht/month)

Audit Committee 20,000 20,000

7 Ms. Suteera Sripaibulya Independent Director 20,000 20,000


8 Asst.Prof.Dr. Karndee Leopairote Independent Director 20,000 20,000


- The meeting allowance for Board of Directors who attend the meeting (per times) 5,000 Baht

- The meeting allowance for Nomination and Remuneration Committee who attend the meeting

(per times) 5,000 Baht - The meeting allowance for Corporate Governance Committee who attend the meeting (per

times) 5,000 Baht

- The remuneration of directors was considered by the Nomination and Remuneration

Committee as the responsibilities and condition, as detailed in Enclosure 2, page 139.

- Dr. Wilson Teo Yong Peng, Ms. Chamaiporn Apikulvanich and Mr. Chaiyaporn Kiatnuntavimon

offered to waive the director's remuneration. (1) Chairman's of the Board of Directors's remuneration until March 28, 2018. (2)Chairman's of the Board of Directors's remuneration shall start from March 29, 2018.

Opinion of the Board: The Board of Directors recommends that the meeting of shareholders consider and approve paying director’s remuneration 2018 to the company’s directors as per details above:

Duties and Authorities of the Board of Directors, Audit Committee, the Nomination and Remuneration

Committee were described in the company’s Annual Report, as detailed in Enclosure 2.

Agenda 8 To consider and approve the appointment of the auditor and determination of

auditor’s remuneration for the year 2018

Facts and rationales: Section 120 of the Public Limited Company Act B.E.2535 requires that the meeting of shareholders appoint auditors and determine their remuneration. The Audit Committee has considered in the audit fee and the ability to verify that its EY Office Limited is an experienced auditor, famous and generally accepted. Moreover, the proposed audit fee is a reasonable rate. The Audit Committee agreed with Executive Committee to propose the Board of Directors of the company to appointment of new auditors, its EY Office Limited as auditors of the company and its subsidiaries Annual 2018 and will be not exceed the auditing fee is 1,200,000 Baht per year. (One million two hundred thousand Baht).

Opinion of the Board : The Board of Directors recommends to the meeting of shareholders to

consider and appoint the following auditors of EY Office Limited for the year 2018.

No. Name CPA Registration Number Duration of CPA

1 Ms. Siriwan Nitdamrong 5906 -

2 Ms. Kamontip Lertwitworatep 4377 2 Years (2016-2017)

3 Mrs.Sarinda Hirunprasurtwutti 4799 2 Years (2016-2017)


Overview Business Online Public Company Limited

Detail EY Office Limited

Increase (Decrease) from

Year 2017

2017 2018 % Audit fee 1,000,000 1,000,000 - Other* 200,000 200,000 -

Total 1,200,000 1,200,000 -

Remarks: - *Other include Audit fee for BOI and Review Annual Report - Audit fee does not include other expenses

EY Office Limited is the auditor of subsidiary company of Business Online Public Company Limited; D&B (Thailand) Co., Ltd. and BOL Digital Co., Ltd. EY Office Limited and the auditors proposed as auditor of the company have no relationship or any interest with the company, executives or related persons, which may have an impact on performing task independently. Agenda 9 To consider and approve the capital decrease and amendment of Article 4 of

memorandum Association in order to comply with the reduction of the registered capital

Facts and rationales: The Annual General Meeting of Shareholders for the year 2014, held on March 27, 2014, approved the allocation of up to 38,500,000 warrants to its directors, management and / or employees. The company the term of the warrants has already expired. (The last time) on November 30, 2017, the remaining 5,494,500 units.

To propose to the Annual General Meeting of Shareholders for approval of the reduction of the Company's registered share capital from Baht 82,600,000 to Baht 82,050,550 by canceling the remaining 5,494,500 shares with a par value of Baht 0.10 per share, amounting to Baht 549,450 and amending the Memorandum of Association of the Company. To comply with the capital reduction of the Company's registered capital.

Opinion of the Board: To propose to the Annual General Meeting of Shareholders for consider and approve the capital decrease and amendment of Article 4 of memorandum Association in order to comply with the reduction of the registered capital. Agenda 10 To consider and approve for amending company’s regulation article 36 Facts and rationales: Since Section 100 of the Public Limited Company Act BE 2535 (1992), as amended by the Head of National Council for Peace and Order No.21/2560 Re: Amending the Law to facilitate the business operation, the amendment to Article 36 of the Company's Articles of Association should be in line with the amendment of the law. The details as in Enclosure 4.

Opinion of the Board: To propose to the Annual General Meeting of Shareholders for consider and approve for amending company’s regulation article 36.


Agenda 11 To consider any other business (if any)

The company has to set the record date on which shareholders have the rights for

shareholder meeting on Friday, March 2, 2018. The shareholders are cordially invited to attend the meeting on the date, and at the time

and place as mentioned above. For the convenience of registration process, the company will arrange the register from 1:00 P.M. Should any shareholders unable to attend the meeting, such shareholder may appoint a proxy to attend the meeting by filing in the information and placing the shareholder’s signature in the attached Proxy form (Details as shown in Enclosure 7) then attach together with the documents required as evidence to attend the meeting. (Detail as shown in Enclosure 8) The shareholders can appoint any other persons or the company’s independent director (Detail as shown in Enclosure 6) on behalf you.

Yours sincerely,

(Mr. Noravat Suwarn)

Chairman of the Board

Business Online Public Company Limited

----------------------------------------------------------------------------------------------------------------------------- -------------------------------- The documents of the Annual General Meeting of Shareholders 2018 11

(Translation)

Business Online Public Company Limited

Minutes of the 2017 Annual General Meeting of Shareholders

29 March 2017

The meeting was held at ASIC Room, 34th Floor, SVOA Tower, 900/29 Rama 3 Road, Bangpongpang,

Yannawa, Bangkok. There were 77 shareholders present in person and by proxy, representing 509,230,379

shares, a quorum was thus constituted. Mr. Noravat Suwarn was the Chairman of the meeting. Ms.

Chamaiporn Apikulvanich as Company Secretary recorded the minutes of this meeting.

The proceeding of the Meeting began at 2:00 p.m.

1. The Chairman informed shareholders that the company has 10 Directors, there were 8 Directors

presented in the meeting as follows:

1. Mr. Noravat Suwarn Chairman of Board of Directors

2. Mr. Min Intanate Director & Executive Chairman

3. Mr. Prayoon Rattanachaiyanont Director

4. Mr. Wilson Teo Yong Peng Director

5. Mr. Anant Tangtatswas Independent Director

Chairman of Audit Committee

Chairman of Nomination and Remuneration Committee

6. Ms. Suteera Sripaibulya Independent Director

Member of Audit Committee

Member of Nomination and Remuneration Committee

7. Asst.Prof. Karndee Leopairote Independent Director


Member of Nomination and Remuneration Committee

8. Ms. Chamaiporn Apikulvanich Director & Chief Executive Officer & Company Secretary

Executive Committee who attend the meeting as follows:

1. Ms. Kanyapan Buranarom Chief Financial Officer

2. Ms. Intira Inturattana Chief Data Officer

Representative of Auditors from EY Office Limited

1. Mrs. Sarinda Hirunprasurtwutti Auditor

2. Ms. Siriwan Suratepin Auditor

3. Ms. Phatchanee Chaipanukiat Auditor

Representative of legal consultant

1. Ms.Supawee Mahaworasintorn Legal advisor/Inspector


2. To ensure that the meeting would understand the voting procedures when considering each

matter on the agenda, Company Secretary explained the voting procedures as follows:

2.1 The company uses barcode technology for shareholder registration and vote counting.

2.2 Shareholder who is already registered will receive white, perforated, ballot cards separated

by agenda.

2.3 The shareholder’s name is specified on each ballot card and the amount of shares which

have rights in voting is one share per one vote.

2.4 The shareholder must clearly mark the ballot cards. In the event that there is no mark, this

will be counted as an approval of that particular agenda.

2.5 In case that the shareholder disapproves or abstains on any agenda, the shareholder must

mark against the disapproval or abstain boxes, sign the ballot card and raise his/her hand.

The staff will collect the ballot card to count the votes for each agenda.

2.6 The company will deduct disapproval and abstention votes from the total votes in the

meeting and count the remaining votes as approval votes for that particular agenda

2.7 Proxy who does not receive ballot card at registration means that the shareholder has

already voted in proxy forms. The company will count the vote as specified in those proxy

forms.

2.8 For Agenda 5: To consider and approve the appointment of new directors replacing those

retired by rotation. The voting will be held for each individual and the ballot cards will be

collected from every shareholder attending the meeting

2.9 The number of shareholders or proxies for each agenda may not be identical because there

may be shareholders or proxies who join during the meeting

2.10 For each agenda, should the shareholders or proxies want to express any opinions or

comments, they must raise their hands and state their full name for the benefit of

recording the minutes.

2.11 In expressing opinions or asking questions, the shareholders or proxies are asked to be

direct and concise for the effectiveness of the meeting and thus not consuming too much

time.

3. In addition, the company treats to shareholders equitably by giving opportunity the minority

shareholders to propose agenda and nominated candidate for director in advance. The company also

informs the procedure to propose, the qualification of person who have rights to propose, proposal forms

and channel via the company’s website between 1 and 31 December 2016. Also informs the shareholders

via SET portal.

When such period is expired, no shareholders proposed agenda and nominated candidate for

director.

Then, the Chairman declared the meeting duly be convened to consider the following agenda.


Agenda 1 To certify the Minutes of the 2016 Annual General Meeting of Shareholders

The Chairman proposed the meeting to certify the Minutes of Annual General Meeting of

Shareholders, held on March 30, 2016, a copy of which was sent to the shareholders together with the

invitation letter.

After giving opportunities for shareholders to ask questions and express opinion but there is no

question. Therefore, proposed that the meeting consider the resolution.

The meeting unanimously resolved to certify the Minutes of the 2016 Annual General Meeting of

Shareholders as the Chairman proposed.

Approved 509,230,379 Votes Percentage of 100.0000 Disapproved - Votes Percentage of 0.0000 Abstained - Votes Percentage of 0.0000 Voided ballots - Votes Percentage of 0.0000

Agenda 2 To acknowledge the report on the company’s operating results for the year 2016

The Chairman proposed the meeting to certify the report on the company’s operating results and

Annual Report of the year 2016, as the detail follows.

the company's operating results (Consolidate)



Net profit after tax (Baht) 61,187,057 72,588,841 18.63

the company's operating results (Separate)




Detail of the company’s operating as per the Annual Report 2016 which enclosure with the

invitation letter.

The Chairman gave shareholders an opportunity to ask question and express opinion.

Mr. Suparp Phisurach, shareholder, asked if there was any event that brought in the revenue for

2016

Ms. Chamaiporn Apikulvanich, Director, answered that the increase in core revenue for 2016 came

from information service and revenue for rights in using software that was developed in 2014 in which the

project had received investment support from BOI in terms of tax benefits arising from the profit that

occurred from the use of such software. In addition, the revenue from international information services

provided by the company’s subsidiary had also increased.


Mr. Suparp, Phisurach, shareholder, asked whether e-Filing system had an effect on the revenue

increase for 2016

Mr. Min Intanate, director, answered that e-Filing is the system that the company developed for

the Department of Business Development, Ministry of Commerce, which was already delivered. After the

guarantee period, 10% of the revenue will come from maintenance (MA). The system saves time and

reduces the cost associated with the hiring of data entry staffs. On the contrary, the company needs to pay

more for the purchase of information from the Department of Business Development, Ministry of

Commerce, however the difference is not significant to have any effect on the company’s operation.

Mr. Suthud Khancharoensuk, shareholder and proxy, stated that, for the past years, there were not

large differences in the figures for separate and consolidated financial statements, revenue and profit.

However, in 2016, there was large difference in revenue and profit and asked how many subsidiaries does

the company have and which brought in revenue and profit

Miss Kanyapan Buranarom, Chief Financial Officer, answered at, as of the end of 2016, the

company had 1 subsidiary which is D&B Thailand Company Limited and in 2017, the company has

established 1 more subsidiary under the name, BOL Digital Company Limited that received BOI approval

and is currently undergoing computer system development.

Mr. Suthud Khancharoensuk, shareholder and proxy, asked whether the revenue and profit would

continue to be like that of 2016 or this would only occur for 2016.

Mr. Min Intanate, Director, answered that this would continue for the subsidiary as D&B Thailand

Company Limited has signed a new 5-year contract with new strategies and products that received quite a

good response. For the newly established BOL Digital Company Limited that is engaged in social platform,

the figures will be clearer in 2018

Mr. Suthud Khancharoensuk, shareholder and proxy, asked whether the revenue and profit in 2016

would continue to grow without fluctuations and be in forms of project-based.

Mr. Min Intanate, Director, answered that, the figures for existing business would continue to

increase if there are projects coming in from the government or banks which would be a one-off project.

For the past years, the revenue and profit of the company and subsidiary has increased hand-in-hand with

each other.

Mr. Thawatchai Tianboonsong, shareholder, wanted opinions on ECartStudio Company Limited that

the company invested in for the long term and was making a loss and ABIKS Development Company Limited

that is engaged in real estate investment that is not in core business.

Mr. Min Intanate, Director, answered that ABIKS Development Company Limited is investment in

land for construction the company’s own office that had not begun as the company is not ready and the

timing is not suitable for real estate investment. Therefore it is better to rent office space except that the

income for that particular year is good and does not affect the company’s operation. Meanwhile, the

company had invested in a 15% stake in ECartStudio Company Limited which is a startup that received large

interests by the public and customers but it would take a while to see the profit. Recently, ECartStudio

Company Limited has recently entered the insurance business whose systems will be used by insurance

companies. The company will start seeing more profits in 2017 and 2018 which will offset the accumulated

loss.

Mr. Suthud Khancharoensuk, shareholder and proxy, asked whether there were any changes in the

company’s overseas activities.


Mr. Min Intanate, Director, answered in regards to overseas operations that the company is in

possession of information in Vietnam which is much different than that of Thailand. Therefore, the system

must be tuned to suit the system in Vietnam which the company look to offer the whole database to the

banks while work has already begun and the revenue will start coming in in 2018

After answer questions to shareholder, The meeting acknowledged the company’s operating

results of the year 2016. Agenda 3 To consider and approve the audited Statement of Financial Position and Statement of

Comprehensive Income for the year ended 31st December 2016

The Chairman proposed the meeting to consider and approve the audited Statement of Financial

Position and Statement of Comprehensive Income for the year ended 31st December 2016, which had been

verified and audited by the Audit Committee and the certified public accountant. A copy of the audited

financial statements was sent to the shareholders together with the invitation letter.


Mr. Suthud Khancharoensuk, shareholder and proxy asked on the gross profit ratio and net profit

that is published whether this was the result of tax or reduction in expense.

Ms.Kanyapan Buranarom, Chief Financial Officer, answered that the increase in net profit was the

result of the increase in sales that was higher than expenses and costs and that the company had a cost

reduction policy that resulted in higher pre-tax profit. Another part is tax, as the company had profits from

BOI projects which was exempted from tax which was why the net profit for 2016 was significantly higher

than 2015.

Mr. Thawatchai Tianboonsong, shareholder, asked why the company held a lot of cash.

Ms. Kanyapan Buranarom, Chief Financial Officer, answered that the company had been very

effective in collecting outstanding payments and that the nature of the company’s business requires the

customers to make purchases before using the service. The rise in the number of customers also had an

effect as the company received more trust.

Mr. Min Intanate, Director, added that small-size customers made payments before using the

services while large customers signed annual contracts which they could pay in installments. However,

government projects may be affected should there be any delay.

Mr. Teetach Vanichsathian, shareholder, asked what the 50 million Baht in other current assets

were and wanted to know about the trends of social platform.

Ms. Kanyapan Buranarom, Chief Financial Officer, answered that other current assets can be

divided into two parts, firstly, other current assets in separate financial statements was at 42.8 million Baht.

Secondly, the increase of 10 million Baht occurred from the cost of project expense in the consolidated

statement which was at 50.28 million Baht was the result of the subsidiary’s purchase of international

information which would be used in expanding future opportunities for the business.

Mr. Min Intanate, Director, answered in regards to social platform that currently the company has

a platform that attracts 1 million visitors from the SME sector and the company looks to create activities on

mobile devices such as digital business card that holds more information instead of traditional ones. The

information on the card is the information that the company currently possesses and will use in creating


other database and members can also add more information, while members who look to trade can link up

with the banks for instance.

Mr. Thawatchai Tianboonsong, shareholder, wanted clarifications on the notes to consolidated

financial statement that the figures for accrued income, connected transactions, and creditors were similar

for 2015 and 2016, and whether there were any reserve estimates for trade and other debtors.

Ms. Kanyapan Buranarom, Chief Financial Officer, answered that connected transactions were in

accordance with normal business proceedings and therefore there was not any significant change. With

regards to reserve estimates, this must be considered with the period of late payment which was not a

problem. Therefore the company did not set aside reserve estimates for doubtful accounts at the end of

the year.

Mr. Min Intanate, Director, added that there was no bad debt among small-size debtors as the

payment was received before the service was used while institutional customers such as banks , were on

annual contracts whose payments were made in instalments and therefore did not have any problems and

the same was also for government customers.

Mr. Narongchai Simaroj, shareholder, suggested that the company’s cash balance of 100 million

Baht was too much, and should only keep 50 million Baht while managing good cash flow so that the

company could use the money for more investments. Mr. Min Intanate, Director, acknowledged the

shareholder’s suggestion.

After answer questions to shareholder, The meeting unanimously resolved that the audited

Statement of Financial Position and Statement of Comprehensive Income for the year ended 31st December

2016 be approved.

Approved 516,233,979 Votes Percent 100.0000 Disapproved - Votes Percent 0.0000 Abstained - Votes Percent 0.0000 Voided ballots - Votes Percent 0.0000

Agenda 4 To consider and approve the profit apportionment and dividend payment derived from

operating results for the year ended 31st December 2016 and set the record date for

Shareholder’s right to receive dividend

The Chairman informed the meeting that The Public Limited Company Act requires that the

company set aside at least five percent of its net annual profit as a legal reserve until it reaches 10 percent of the company's registered capital.

The Chairman informed the meeting that the company set aside of net profit after into statutory

reserve, so total statutory reserve is 8,260,000 Baht, 10% of the company’s registered the capital, refer to resolutions of the Board of Directors Meeting No.1/2015.

The Chairman proposed the meeting to consider and approve the profit apportionment and

dividend payment derived from operating results for the year ended 31st December 2016 at 0.07 Baht per share, derived from net profit under non BOI privilege 0.04 Baht per share and under BOI privilege 0.03 Baht per share (par 0.10 Baht) totaling 55.67 Million Baht of consolidated net profit after tax for the year 2016 at the rate of 76.69%. The record date on which shareholders have the rights for receive dividend on Wednesday, March 1, 2017 and fixing the share register book closing date for collecting shareholders names under Section 225 of the Securities and Exchange Act as on Thursday, March 2, 2017 in order to


determine the shareholders’ entitlement to receive dividends and the date of dividend payment would be on Friday, April 7, 2017.

After giving opportunities for shareholders to ask questions and express opinion but there is no


The meeting unanimously resolved that the dividend payment which shareholders have the rights

to receive dividend is Thursday, March 2, 2017 at 0.07 Baht per share and the date of dividend payment

would be on Friday, April 7, 2017 as detail above, be approved

Approved

516,233,979

Votes

Percentage of

100.0000

Disapproved - Votes Percentage of 0.0000 Abstained - Votes Percentage of 0.0000 Voided ballots - Votes Percentage of 0.0000

Agenda 5 To consider and approve the appointment of new directors replacing those retired by rotation

The Chairman informed the meeting that according to Clause 18 of the Articles of Association

specifies that, at every Annual General Meeting of Shareholders, one-third (1/3) of the directors, or if it is

not a multiple of three, then the number nearest to one-third (1/3) must retire from office. In this year, the

following directors would retire:

1. Ms. Manida Zinmerman Independent Director

2. Mr. Wilson Teo Yong Peng Director

3. Ms. Suteera Sripaibulya Independent Director

4. Mr. Chaiyaporn Kiatnuntavimon Director

Brief qualifications of the four retiring directors as detailed in invitation letter.

The selection process performed by the Nomination and Remuneration Committee (NRC), the NRC

jointly considered the qualifications, experiences, and competencies as required by The Public Limited

Company Act B.E. 2535 and the Securities and Exchange Act, and was of the opinion that they would

continue to contribute greatly to the operations of the company. They had performed their duties with

accountability, integrity throughout their term so proposes the meeting of shareholders consideration to

re-appointment directors.


Mr. Preecha Chaiyawan, shareholders’ rights protection volunteer, proxy of Thai Investment

Association, asked on the accolades of the nominees for company’s independent directors whether this

was in line with the company’s strategies, and whether the company has discussed on those independent

directors whose tenure were more than 9 years with regards to their independence. He also asked whether

the company has any policy on the tenure of independent directors in the future.


Mr. Anant Tangtatswas, Chairman of Nomination and Remuneration Committee, answered that the

company has carefully considered this and the independent directors had carried out their duties with

honesty and were independent of the company throughout their tenure.

Mr. Norawat Suwarn, Chairman of the Board, added that the directors who tenures were at the

end of term were knowledgable, competent and trustworthy which were very beneficial to the company.

Therefore, it was suitable to appoint those directors to serve another term.

Mr. Min Intanate, Director, added that, the independent directors are experts in their fields, such

as, Ms. Manida Zinmerman, legal expert; Ms. Suteera Sripaibulya, financial institutions expert, and

Assistant Professor Doctor Karndee Leopairote, ASEAN expert which are beneficial to the company’s

operations.

After answer questions to shareholder, The meeting unanimously resolved to re-appoint the four

directors who would retire by rotation to resume their directorship for an extended term. Details of the

votes on this agenda were as follows:

5.1 Ms. Manida Zinmerman

Approved 516,232,979 Votes Percentage of 99.9998 Disapproved 1,000 Votes Percentage of 0.0002 Abstained - Votes Percentage of 0.0000 Voided ballots - Votes Percentage of 0.0000

5.2 Mr. Wilson Teo Yong Peng


5.3 Ms. Suteera Sripaibulya

Approved 516,232,979 Votes Percentage of 99.9998 Disapproved 1,000 Votes Percentage of 0.0002 Abstained - Votes Percentage of 0.0000 Voided ballots - Votes Percentage of 0.0000

5.4 Mr. Chaiyaporn Kiatnuntavimon


Agenda 6 To consider and approve Directors’ remuneration

The Chairman informed that the consolidated and the separate financial statements for the year

ended 31st December 2016 as follow;


the company's operating results (Consolidate)




the company's operating results (Separate)




6.1 The Chairman proposed the meeting of shareholders consider and approve paying bonus to

Chairman of Board, Executive Chairman and Board of Directors as per details below:

No. Name Position Year 2016 (Baht)

1 Mr. Noravat Suwarn Chairman of the Board 320,000

2 Mr. Min Intanate Executive Chairman 200,000

3 Mr. Prayoon Rattanachaiyanont Director 80,000

4 Mr. Wilson Teo Yong Peng Director 80,000

5 Mr. Anant Tangtatswas Independent Director/

Chairman of Audit Committee

80,000

6 Ms. Manida Zinmerman Independent director/


80,000

7 Ms. Suteera Sripaibulya Independent director/


80,000

8 Asst.Prof. Karndee Leopairote Independent director/


80,000

Total 1,000,000

Ms. Chamaiporn Apikulvanich and Mr. Chaiyaporn Kiatnuntavimon offered to waive bonus as the director.


Mr. Suthud Khancharoensuk, shareholder and proxy, asked which criteria were used in considering

the bonus for the directors as the bonus for 2016 and 2015 were equal even when the operation results for

2016 were better. The company should have a structure that links operating performance with the

consideration of directors’ bonuses

Mr Anant Tangtatswas, Chairman of Audit Committee, answered that the company must

thoroughly consider on any such increase, should there was any; the increase would only be a few percent.


After answer questions to shareholder, The Chairman proposed that the meeting consider the

resolution.

The meeting resolved with votes of more than 2 in 3 approve paying bonus to Chairman of Board,

Executive Chairman and Board of Directors for the year 2016 as details above.

For this matter, the interested shareholders who were present at the meeting and were not

entitled to vote for or against this matter had a total of 73,054,500 shares

Approved 443,179,479 Votes Percentage of 85.8486

Disapproved - Votes Percentage of 0.0000

Abstained 73,054,500 Votes Percentage of 14.1514

Voided ballots - Votes Percentage of 0.0000

6.2 The Chairman also proposed the meeting to consider the determination of director’s

remuneration for the year 2017 as the following details:


(Baht/month)

1 Mr. Noravat Suwarn Chairman of the Board 352,657

2 Mr. Min Intanate Executive Chairman 270,306

3 Mr. Prayoon Rattanachaiyanont Director 20,000

4 Mr. Anant Tangtatswas Independent Director 20,000

Chairman of Audit Committee 53,500

5 Ms. Manida Zinmerman Independent Director 20,000

Audit Committee 20,000

6 Ms. Suteera Sripaibulya Independent Director 20,000


7 Asst.Prof. Karndee Leopairote Independent Director 20,000


- The meeting allowance for Board of directors who attend the meeting (per times) 5,000 Baht

- The meeting allowance for Nomination and Remuneration Committee who attend the meeting (per times) 5,000 Baht

- The Director’s remuneration was considered by the Nomination and Remuneration Committee.

- Ms. Chamaiporn Apikulvanich, Mr. Wilson Teo Yong Peng and Mr. Chaiyaporn Kiatnuntavimon

offered to waive the directors' remuneration.

After giving opportunities for shareholders to ask questions and express opinion but there was no



The meeting resolved with votes of more than 2 in 3 approving the directors of rumination as details above.

For this matter, the interested shareholders who were present at the meeting and were not entitled to vote for or against this matter had a total of 73,054,500 shares

Agenda 7 To consider and approve the appointment of auditor and determination of auditor’s

remuneration for the year 2017

The Chairman of Audit Committee announced to the meeting that the audit committee has

considered the audit fees and qualifications of auditors and saw that EY Office Company Limited is an audit

office with experience and reputation accepted by the public whose qualifications does not contradict the

regulations specified by the Stock Exchange of Thailand.

Therefore, it is proposed to the meeting to consider and approve the appointment of Mr. Wichart

Lokatekrawee, C.P.A. Registration No. 4451 and/or Ms. Kamonthip Lertwitworathep, C.P.A. Registration

No. 4377 and/or Mrs. Sarinda Hirunprasertwut, C.P.A Registration No.4799 of EY Office Company Limited as

auditors for the company and subsidiaries, and approve the audit fees for 2017 at 1,430,000 Baht, other

service fees including the review of 2016 annual report and form 56-1 at 100,000 Baht, and service fees for

the review of BOI certificates of Business Online Public Company Limited and BOL Digital Company Limited

of at 200,000 Baht.

Audit fee does not include other expenses. The Audit Committee agreed that the appointment of

the auditor by the listing and determine remuneration as proposed.


Mr. Suthud Khancharoensuk, shareholder and proxy, asked whether the shareholders would also

need to approve the audit fees of D&B Thailand Company Limited and BOL Digital Company Limited.

Mr. Min Intanate, Director, answered that as both subsidiaries are 100% owned by the company, so

this can be approved concurrently.

Ms. Kanyapan Buranarom, Chief Financial Officer, added that the legal implication of the approval

of audit fees is that the company seeks the approval from the shareholders on parts that concern the

company only. However, there is a practice in some listed companies with subsidiaries such as companies

with 100% investment in subsidiaries that the approval of audit feed can be made concurrently of the

parent company.

Mr. Suparb Pisurach, shareholder, asked why the audit fees for 2017 has increased and what are

the actual expense.

Mr. Anant Tangtatswas, Chairman of the Audit Committee, answered that the main reasons were

the format of the report and the audit process under new accounting standard in 2016 had created more

work, along with the increase in the number of subsidiaries which was reflected in higher fee. The extra fee

Approved 443,179,479 Votes Percentage of 85.8486

Disapproved - Votes Percentage of 0.0000

Abstained 73,054,500 Votes Percentage of 14.1514

Voided ballots - Votes Percentage of 0.0000


is miscellaneous fee such as travelling which was not too high.

Miss Kanyapan Buranarom, Chief Financial Officer, added that if the consideration is based on

individual company then the increase of 35% (approximately 150,000 Baht) was from technological

operations that required detailed IT audits to ensure the security of information systems. For other fees

which amounted to 300,000 Baht, this could be separated in 2 parts: 100,000 Baht was for the audit of

annual report in accordance to the Securities and Exchange Commission’s regulations and 200,000 Baht

was for the audit of BOI projects of the company and subsidiaries.

After answer questions to shareholder, The Chairman proposed that the meeting consider the

Resolution.

The meeting unanimously resolved that the appointment of the Company’s auditors and their

remuneration as proposed above, be approved.

Approved 516,197,979 Votes Percentage of 99.9930 Disapproved - Votes Percentage of 0.0000 Abstained 36,000 Votes Percentage of 0.0070 Voided ballots - Votes Percentage of 0.0000

Agenda 8 To consider any other business (if any)

No other business was proposed to the meeting for consideration; however, there were questions

raised by the shareholders.

Mr. Thawatchai Tianboonsong, shareholder, asked about the company’s policy on issuing warrants

and how many warrants would be issued in the future, and whether the difference between issue and

exercise price would be recorded as NPL.

Ms. Siriwan Nitdamrong, auditor from EY Office Company Limited, answered that the principle in

recording warrants at issuing date requires that a fair price of the warrant be calculated. In exercising the

rights, the company would record this as an expense along with the cost of exercising those rights. In terms

of earnings per share, Article 33 of account standards specifies that upon the issuing of the warrants, the

diluted earnings per share must be calculated and that the difference would not be recorded as NPL.

Mr. Min Intanate, Director, added that the issuing of the warrant served as an incentive to motivate

staffs and executives and the company issues 5% warrants the period of 4 years Mr. Thawatchai

Tianboonsong, shareholder, further asked Mr. Min Intanate to talk about the company’s direction as

everyone now has access to internet and database at any time; how would the service differ from Google;

would the information be precise and whether there is a possibility for some kind of cooperation with

Alibaba.

Mr. Min Intanate, Director, answered that currently the company is in partnership with several

notable companies such as: National Credit Bureau; Dun and Bradstreet Inc, a global company providing

financial information of companies worldwide with customers in insurance sector for trade insurance;

supply chain sector that requires the insights of their suppliers’ stability. The information on the companies

are mostly generated in the past such as financial score that will be further developed. Currently, financial

score is offered to small-size customers and financial institutions, and in the future, BOL Digital Company


Limited will developed financial score and Paydex that would give deeper insights into the behavior of

customers.

Mr. Suparb Pisurach, shareholder, asked about the penalty fee of 12 million Baht from delayed

delivery of project stated in page 85 of the annual report whether this is the project from 2015.

Mr. Min Intanate, answered that this is an ongoing project that is likely to be delayed therefore it is

necessary to forecast the penalty.

Mr, Krairerk Potiapiyarnwisut, proxy, stated that the penalty fees is only a small amount when

compared to the revenue, however, when compared to net profit, this is 15% which is quite a lot and

wanted to know whether the company has ways to deal with this. He also asked about the pricing policy as

the company’s products are intangible and whether this could be increased.

Mr. Min Intanate, Director, answered that, firstly, for projects that the company delivers to the

customers, these need expertise on several subject matters, some require the use of foreign experts. This,

along with communications to ascertain the TOR with the customer takes a lot of time which may lead to

possible delay. Secondly, the pricing criteria is considered from cost and other expenses such as benefits,

salaries of staffs and experts, marketing, and operating expense. As for the price adjustments, this is

considered from inflation and living costs however this depends on the type of customers and trade

negotiations.

Mr. Teeradech Saetan, shareholder, asked whether BOL Digital Company Limited would start

making money in 2017 and if so, how much, compared to the core revenue.

Mr. Min Intanate, answered that BOL Digital Company Limited would launch in Q2 and there would

be the sales of license and promotion no later than Q3. The revenue compared to core revenue would start

in the next 2-3 years.

Mr. Teeradech Saetan, shareholder, asked whether the company would gain more revenue as NCB

has enforced the use of Score.

Mr. Min Intanate answered that NCB doesn’t enforce the use of score but NCB provides the Score

for financial institutions to purchase should they need it.

Mr. Teeradech Saetan, shareholder, asked about the progress of enhancement of ENLITE.

Ms. Chamaiporn Apikulvanich, Director, answered that the company continues with the

enhancement and is now in the testing process, it is expected to be in service by the end of 2017.

Mr. Thawatchai Tianboonsong, shareholder, asked whether BOL Digital Company Limited’s

operation is similar to being a trader. If Alibaba targets B2B, C2C or B2C sectors would this have any effect

on the company and what types of market is BOL targeting at.

Mr. Min Intanate, Director, answered that BOL is targeting at SMEs and there is no limitation on

size and the Score provided is in a different format to Moody’s

The Chairman thanked all shareholders for sacrificing their time to attend the meeting.

The meeting was adjourned at 4.00 p.m

(Signed by) Chairman of the meeting

(Mr. Noravat Suwarn)

(Signed by) Director, acting as Company Secretary

(Ms. Chamaiporn Apikulvanich)

--------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 24

Enclosure for Agenda 5: To consider and approve the appointment of new directors replacing those retired by rotation

Name Mr. Banyong Limprayoorwong Age 65 Nationality Thai Propose for appointment Director and Chairman of the Board Shareholding Percentage None Education

- LL.B,Ramkhamhaeng University

- MPA, (Master of Public Administration) , National Institute of Development Administration.

- Certificate, Thailand National Defence Collage. (2003) Training at Thai Institute of Director - Certificate, Senior Executive Program (Class 32)

- Certificate, Top Executive Program in Commerce & Trade (TEPCOT) ( Class 3/2010),Commerce Academy.

- Certificate,Public Director Certification Program (Class 7/2014), Public Director Institute. (PDI)

- Certificate, Director Accreditation Program (DAP) (Class 111/2014), Thai Institute of Director. (IOD)

Other Positions

Listed Companies

- None

Non-Listed Companies

- Independent Director, Audit Committee, Nomination and Remuneration Committee

Ubon BIO Ethanol Co.,Ltd.

- Advisor, Legal Function. Siam Commercial Bank Public Company Limited

- Advisor to the Board of Director , Dhipaya Life Assurance Public Company limited

- Legal Advisor , SCG Legal Counsel Limited.

- Director General , Department of Business Development , Ministry of Commerce.

- Inspector General of The Ministry , Ministry of Commerce.

- Deputy Director General , Department of Intellectual Property, Ministry of Commerce.

Any position in competing or relating business

- None

Enclosure 3


Name Mr. Anant Tangtatswas Age 67 Nationality Thai Propose for appointment Independent Director

Shareholding Percentage 0.10%

Education

- MBA (Finance), Columbia University, NYC, USA - BA (Economics), Thammasat University - Thailand National Defence College (Joint Government - Private

Sectors Program - Class 377) Training at Thai Institute of Director - Certificate Director Accredited Program (DAP) 85/2010 (IOD)

- Certificate Risk Management Committee Program (RMP) Class 2/2014 (IOD)

- Chairman Dinner 2018 Social Responsibilities in Action Present Position - Independent Director Appointment Date 09/08/2010 Duration of directorship 8 Years (2010-Present) Other Positions

Listed Companies - Independent Director & Chairman of Audit Committee SVOA Public Company Limited Non-Listed Companies - Director Green Spot Co., Ltd.


- None

2017 Meeting Attendance - Attendance of Director (4) : Total Meeting (4) = (100 %) - Attendance of an Audit Committee (4) : Total Meeting (4) =

(100%) - Attendance of an Nomination and Remuneration Committee (1) :

Total Meeting (1) = (100%) - Attendance of an Non-Executive Committee (1) :

Total Meeting (1) = (100%)


Name Asst.Prof. Karndee Leopairote Age 43 Nationality Thai Propose for appointment Independent Director Shareholding Percentage 0.20% Education

- Ph.D., Industrial Engineering Department, University of Wisconsin-Madison, USA

- M.S., Industrial Engineering Department, University of Wisconsin-Madison, USA

- B.Eng., Industrial Engineering Program, Sirindhorn International Institute of Technology Thammasat University

Training at Thai Institute of Director

- Certificate Director Accredited Program (DAP) Class 110/2014 (IOD)

Present Position - Independent Director Appointment Date 29/03/2013 Duration of directorship 5 Years (2013-Present) Other Positions

Listed Companies

- None

Non-Listed Companies - Director C A C Co.,Ltd. - Executive Director Future Innovative Thailand Institute (FIT)


- None

2017 Meeting Attendance - Attendance of Director (2) : Total Meeting (4) = (50 %) - Attendance of an Audit Committee (2) : Total Meeting (4) = (50%) - Attendance of an Nomination and Remuneration Committee (0) :

Total Meeting (1) = (0%) - Attendance of an Non-Executive Committee (1) :

Total Meeting (1) = (100%)


Name Ms. Chamaiporn Apikulvanich Age 56 Nationality Thai Propose for appointment Director Shareholding Percentage 0.65% Education

- Master of Applied Statistics (Computer Science, HONS.),

National Institute of Development Administration (NIDA) - Bachelor of Arts (Economics, 2nd ,Class Hons.),

University of the Thai Chamber of Commerce Training at Thai Institute of Director - Certificate Driving Company Success with IT Governance (ITG)

Class 1/2016 - Certificate Fostering a Board and Management Team 2005 - Certificate Director Accredited Program (DAP) 2004 (IOD) - Certificate Executive Development Program (EDP) Class 6 - IOD Breakfast Briefing 2/2017 "Cybersecurity : Risks, Liabilities,

and Best Practices Present Position Chief Executive Officer Appointment Date 24/10/2003 Duration of directorship 15 Years (2003-Present) Other Positions

Listed Companies

- None Non-Listed Companies

- Director D&B (Thailand) Co.,Ltd.

- Director BOL Digital Co.,Ltd.

- Director Taxi - Beam Co.,Ltd.

- Director Ecartstudio Co.,Ltd Any position in competing or relating business

- None -

2017 Meeting Attendance Attendance of Director (4) : Total Meeting (4) = (100 %)

----------------------------------------------------------------------------------------------------------------------------- ---------------------- The documents of the Annual General Meeting of Shareholders 2018 28

Agenda 10 To consider and approve for amending company’s regulation article 36

Since Section 100 of the Public Limited Company Act BE 2535 ( 1992) , as amended by the

Head of National Council for Peace and Order No.21/ 2560 Re: Amending the Law to facilitate the

business operation, the amendment to Article 36 of the Company's Articles of Association should be

in line with the amendment of the law.

The current Article 36 said that:

“There must be at least a shareholder meeting per annum. This meeting is called the

‘general meeting’, which must be held within four (4) months after the end of a fiscal year of

the Company.

Any other shareholder meeting is called an ‘extraordinary meeting’.

The board can arrange an extraordinary meeting whenever the board deems

appropriate or when there are shareholders whose shares account for at least one-fifth (1/5)

of all the sellable shares or at least twenty-five (25) shareholders whose shares are no less

than one-tenth (1/10) of all the sellable shares signing a petition together in order to require

the board to hold an extraordinary meeting. The petition must clearly indicate the rationales

for the requested meeting. The board will hold the meeting within one (1) month from the

day on which the petition from shareholders is received.”

shall be repealed and replaced with the following sentences:

“There must be at least a shareholder meeting per annum. This meeting is called the

‘general meeting’, which must be held within four (4) months after the end of a fiscal year of

the Company.

Any other shareholder meeting is called an ‘extraordinary meeting

One or more shareholders holding shares in the aggregate number of not less than

ten percent of the total number of shares sold may, by subscribing their names, make an

application in writing to the Registrar for appointing inspectors for the purposes of

inspecting the business and financial standing of the Company, which may include inspecting

the conduct of business of the board of directors.

In case the board of directors fails to arrange for the meeting within such period

under paragraph three, the shareholders who have subscribed their names or other

shareholders holding the required aggregate number of shares may themselves call the

meeting within forty-five days as from the date of expiration of the period under paragraph

three. In such case, the meeting is deemed to be shareholders’ meeting called by the board

of directors and the Company shall be responsible for necessary expenses as may be

incurred in the course of convening such meeting and the Company shall reasonably provide

facilitation.

In the case where, at the meeting called by the shareholders under paragraph four,

the number of the shareholders presented does not constitute quorum as prescribed by

article 38, the shareholders under paragraph four shall jointly compensate the Company for

the expenses incurred in arrangements for holding that meeting.

Enclosure 4

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-------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 30

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The Articles of Association regarding the Shareholder’s Meeting and Voting Procedures

Chapter III

Directors and Power of Directors

Clause 17 A meeting of shareholders must elect the directors in accordance with the following procedures and rules:

(1) Each shareholder has one vote for each share held; (2) A shareholder may cast votes for each individual director or a group of directors as

determined by a meeting of shareholders. In casting the votes, each shareholder must cast all the votes he/she has under sub-clause (1) above in electing the individual director or the group of directors, as the case may be, in which case those votes are not divisible; and

(3) The election of directors requires a resolution of shareholders passed by a majority vote. In the case of an equality of votes, the Chairman of the meeting must exercise a casting vote

Clause 18

In every common annual meeting, director must retire from the position at least or approximately one-third of the board of directors (1/3). In the first two years after the company is registered, the members who take retire from the board of directors are chosen by lots. After that, the rule requires that committees serve the longest in the position retire from the position.

Chapter IV

Convening of Meeting

Clause 35

A meeting of shareholders must be held in the area where the Company's head office is located or in any adjacent provinces or any other places as designated by the board of directors.

Clause 38

A quorum of a meeting of shareholders requires a lesser of a number of twenty-five (25) shareholders or one-half or more of the total number of shareholders, holdings in aggregate one-third (1/3) or more of the total issued shares, present in person or by proxy (if any).

If after one (1) hour from the time fixed for a meeting of shareholders a quorum has not been constituted, the meeting which was called at the request of shareholders must be dissolved. If the meeting is called other than at the request of the shareholders, an adjourned meeting must be called and a notice of the meeting must be sent to the shareholders seven (7) days or more before the date of the adjourned meeting. No quorum is required at the adjourned meeting.

Enclosure 5

----------------------------------------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 32

Clause 39

A shareholder may appoint a proxy to attend and vote at a meeting of shareholders on his/her behalf. The instrument appointing a proxy must be made in writing, signed by the shareholder and made in a form prescribed by the Public Companies Registrar. The proxy instrument must be submitted with the Chairman or his/her assignee before the proxy attends the meeting. The proxy instrument must contain at least the following particulars:

a) the amount of shares held by the shareholder;

b) the name of the proxy; and

c) the meeting at which the proxy is appointed to attend and vote.

Clause 42

In every meeting of shareholders, a shareholder has one vote for each share.

A shareholder who has a special interest in any matter may not cast votes on that matter, except for the election of directors.

Clause 43

A resolution of shareholders must be passed by a majority of the votes cast by the shareholders attending and eligible to vote at the meeting, except where it requires otherwise in these Articles of Association or by law or in any of the following cases where a resolution must be passed by three-quarters (3/4) or more of the votes cast by the shareholders attending and eligible to vote at the meeting:

a) a sale or transfer of all or substantial part of the business of the Company to any person; (b) a purchase or acceptance of transfer of business of other public or private companies; (c) an entering into, amendment or termination of any agreement concerning a lease out of all

or substantial part of the business of the Company or an assignment of the management control of the business of the Company to any person or a merger with any person for the purposes of profit and loss sharing;

(d) an amendment to the Memorandum or Articles of Association of the Company; (e) an increase or reduction of capital; (f) an issue of debentures; or (g) an amalgamation or a dissolution of the Company.

Chapter VI

Dividend and Capital Reserve

Clause 51 When allocating the net profits for each fiscal year, the company shall first offset its losses in previous years and set aside a legal capital reserve at 5% of the profits left over until the accumulated legal capital reserve has surpassed 10% of the registered capital. The board of directors may arrange voting in order to allocate a portion of all its reserves for relevant beneficial activities of the company. After the board approved, the company may transfer other capital reserves, legal capital reserve, and share premium to compensate retained losses of the company.

--------------------------------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 33

Names and information of independent directors being proposed as a proxy holder 1) Mr. Anant Tangtatswas Age 67

Position Independent Director Chairman of Audit Committee Chairman of Nomination and Remuneration Committee Chairman of Corporate Governance Committee Address Business Online Public Company Limited 900/8-10 SVOA Tower 12 Floor, Rama III Road, Bangpongpang Yannawa, Bangkok 10120 The agenda concerning consideration :


Agenda 7 To consider and approve the directors’ remuneration

2) Ms. Manida Zinmerman Age 51 Position Independent Director Audit Committee Nomination and Remuneration Committee Address Business Online Public Company Limited 900/8-10 SVOA Tower 12 Floor, Rama III Road, Bangpongpang Yannawa, Bangkok 10120 The agenda concerning consideration : Agenda 7 To consider and approve the directors’ remuneration

3) Ms. Suteera Sripaibulya Age 64 Position Independent Director Audit Committee Nomination and Remuneration Committee Address Business Online Public Company Limited 900/8-10 SVOA Tower 12 Floor, Rama III Road, Bangpongpang Yannawa, Bangkok 10120 The agenda concerning consideration : Agenda 7 To consider and approve the directors’ remuneration

4) Asst.Prof.Dr. Karndee Leopairote Age 43 Position Independent Director Audit Committee Nomination and Remuneration Committee Address Business Online Public Company Limited 900/8-10 SVOA Tower 12 Floor, Rama III Road, Bangpongpang Yannawa, Bangkok 10120 The agenda concerning consideration :


Agenda 7 To consider and approve the directors’ remuneration

Enclosure 6

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 34

แบบหนงสอมอบฉนทะ แบบ ก. (แบบทวไปซงเปนแบบทงายไมซบซอน) ทายประกาศกรมพฒนาธรกจการคา เรอง ก าหนดแบบหนงสอมอบฉนทะ (ฉบบท 5) พ.ศ. 2550

Proxy Form A. (General Form) ......................................................

เขยนท

Written at วนท เดอน พ.ศ. Date Month A.D.

(1) ขาพเจา สญชาต I/We, , Nationality: ,

อยบานเลขท ถนน ต าบล/แขวง No. , Road: , Tambol/Subdistrict: , อ าเภอ/เขต จงหวด รหสไปรษณย Amphoe/District: , Province: , Postal Code:

(2) เปนผ ถอหนของบรษท บซเนส ออนไลน จ ากด (มหาชน) As a shareholder of Business Online Public Company Limited,

โดยถอหนจ านวนทงสนรวม หน และออกเสยงลงคะแนนไดเทากบ เสยง ดงน holding a total of……………………. shares; and have the right to vote equal to………………………. votes as follow : หนสามญ หน และออกเสยงลงคะแนนไดเทากบ เสยง Ordinary share……………………. shares and have the right to vote equal to…………………….. votes

(3) ขอมอบฉนทะให Hereby appoint อาย ป

1) .

Age. years

อยบานเลขท ถนน ต าบล/แขวง Residing at No.

Road : Tambol/Subdistrict:

อ าเภอ/เขต จงหวด รหสไปรษณย Amphoe/District: Province: Postal Code:

หรอ / OR อาย ป

2) .

Age. years




คนหนงคนใดเพยงคนเดยวเปนผ แทนของขาพเจา เพอเขาประชมและออกเสยงลงคะแนนแทนขาพเจาในการประชมสามญผ ถอหนประจ าป 2561 ในวนพธท 28 มนาคม 2561 เวลา 14:00 น. ณ หองประชมเอสค ชน 34 เลขท 900/29 ถนนพระรามท 3 แขวงบางโพงพาง เขตยานนาวา กรงเทพมหานคร 10120 หรอจะพงเลอนไปในวน เวลา และสถานทอนดวย Only one person as my/our representative to participate in and vote at the meeting of Annual General Meeting of the Shareholders 2018 On Wednesday, March 28, 2018 , at 2:00 p.m., at ASIC Room, 34th Floor 900/29 Rama III Road, Bangpongpang, Yannawa, Bangkok 10120 or which may be postponed to any other date, time and place.

อากรแสตมป

Duty stamp 20 Baht

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 35

กจการใดทผ รบมอบฉนทะกระท าไปในการประชมนน ใหถอเสมอนวาขาพเจาไดกระท าเองทกประการ All acts undertaken by the proxy at the Meeting shall be treated as if they have been undertaken by myself/ourselves in all respects.

ลงชอ ผมอบฉนทะ Signed: Grantor ( )

ลงชอ ผ รบมอบฉนทะ Signed: Grantee

( )


( )

หมายเหต Notes

ผ ถอหนทมอบฉนทะ จะตองมอบฉนทะใหผ รบมอบฉนทะเพยงรายเดยวเปนผ เขาประชมและออกเสยงลงคะแนน ไมสามารถแบงแยกจ านวนหนใหผ รบมอบฉนทะหลายคน เพอแยกการลงคะแนนเสยงได

Each shareholder who appoints a proxy shall appoint only one proxy to participate in and vote at the Meeting and may not apportion his/her shares for several proxies to vote.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------The documents of the Annual General Meeting of Shareholders 2018 36

แบบหนงสอมอบฉนทะ แบบ ข. (ทก ำหนดรำยกำรตำง ๆ ทจะมอบฉนทะทละเอยดชดเจนตำยตว) ทายประกาศกรมพฒนาธรกจการคา เรอง ก าหนดแบบหนงสอมอบฉนทะ (ฉบบท 5) พ.ศ. 2550

Proxy Form B. ......................................................

เขยนท.................................................. Written at

วนท...........เดอน............................พ.ศ............... Date Month A.D.


อยบานเลขท ถนน ต าบล/แขวง No. , Road: , Tambol/Subdistrict: , อ าเภอ/เขต จงหวด รหสไปรษณย Amphoe/District: , Province: , Postal Code:

(2) เปนผ ถอหนของบรษท บซเนส ออนไลน จ ากด (มหาชน) As a shareholder of Business Online Public Company Limited,

โดยถอหนจ านวนทงสนรวม หน และออกเสยงลงคะแนนไดเทากบ เสยง ดงน holding a total of……………………. shares; and have the right to vote equal to………………………. votes as follow : หนสามญ หน และออกเสยงลงคะแนนไดเทากบ เสยง Ordinary share………………………. shares and have the right to vote equal to……………………….. votes


1) .

Age. years


, Road : Tambol/Subdistrict:



2) .

Age. years




คนหนงคนใดเพยงคนเดยวเปนผแทนของขาพเจา เพอเขาประชมและออกเสยงลงคะแนนแทนขาพเจาในการประชมสามญผ ถอหนประจ าป 2561 ในวนพธท 28 มนาคม 2561 เวลา 14:00 น. ณ หองประชมเอสค ชน 34 เลขท 900/29 ถนนพระรามท 3 แขวงบางโพงพาง เขตยานนาวา กรงเทพมหานคร 10120 หรอจะพงเลอนไปในวน เวลา และสถานทอนดวย Only one person as my/our representative to participate in and vote at the meeting of Annual General Meeting of the Shareholders 2018 On Wednesday, March 28, 2018 , at 2:00 p.m., at ASIC Room, 34th Floor 900/29 Rama III Road, Bangpongpang, Yannawa, Bangkok 10120 or which may be postponed to any other date, time and place.

อากรแสตมป Duty stamp

20 Baht


(4) ขาพเจาขอมอบฉนทะใหผ รบมอบฉนทะออกเสยงลงคะแนนแทนขาพเจาในการประชมครงน ดงน In this meeting, I/We hereby intend to have the proxy vote as follows :

วำระท 1 พจำรณำรบรองรำยงำนกำรประชมสำมญผถอหนประจ ำป 2560 Agenda 1 To certify the Minutes of the Annual General Meeting of Shareholders 2017

(ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร (a) grant the proxy the right to consider and vote on my/our behalf at its own discretion.

(ข) ใหผ รบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน

(b) grant the proxy the right to vote in accordance with my/our intention as follows เหนดวย ไมเหนดวย งดออกเสยง

Approve Disapprove Abstain

วำระท 2 รบทรำบรำยงำนของคณะกรรมกำรบรษทส ำหรบผลกำรด ำเนนงำนประจ ำป 2560 Agenda 2 To acknowledge the report on the company’s operating results for the year 2017





วำระท 3 พจำรณำอนมตงบแสดงฐำนะกำรเงนและงบก ำไรขำดทนเบดเสรจของบรษทส ำหรบรอบปบญช

สนสด ณ วนท 31 ธนวำคม 2560 ซงผำนกำรตรวจสอบจำกผสอบบญชรบอนญำตแลว Agenda 3 To consider and approve the audited Statement of financial position and Statements of

comprehensive income for the year ended 31 December 2017 which audited by certified public accountant





วำระท 4 พจำรณำอนมตกำรจดสรรก ำไรสทธเปนทนส ำรองตำมกฎหมำย และพจำรณำอนมต จำยเงนปนผลแกผถอหน ส ำหรบผลกำรด ำเนนงำนสนสด ณ วนท 31 ธนวำคม 2560

Agenda 4 To consider and approve the profit apportionment and dividend payment derived from operating results for the year ended 31 December 2017



(b) grant the proxy the right to vote in accordance with my/our intention as follows


เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วำระท 5

พจำรณำอนมตกำรแตงตงกรรมกำรทตองออกตำมวำระ

Agenda 5 To consider and approve the appointment of new directors replacing those retired by rotation (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร

(a) grant the proxy the right to consider and vote on my/our behalf at its own discretion.



เหนดวยกบการแตงตงกรรมการทงชด Approve with appointment all team


เหนดวยกบการแตงตงกรรมการรายบคคล ดงน Approve with partial of team as follows :

1. นายบรรยงค ลมประยรวงศ Mr. Banyong Limprayoorwong


2. นายอนนต ตงทตสวสด Mr. Anant Tangtatswas


3. ผศ.ดร.การด เลยวไพโรจน Asst.Prof. Dr. Karndee Leopairote


4. นางสาวชไมพร อภกลวณช Ms. Chamaiporn Apikulvanich


วำระท 6 พจำรณำอนมตกำรแกไขเปลยนแปลงชอกรรมกำรผมอ ำนำจลงลำยมอชอแทนบรษท Agenda 6 To consider and approve the change of authorized director (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร






วำระท 7 พจำรณำอนมตก ำหนดคำตอบแทนกรรมกำรบรษท Agenda 7 To consider and approve Directors’ remuneration




7.1 พจำรณำอนมตกำรจำยเงนโบนสใหประธำนกรรมกำร ประธำนกรรมกำรบรหำร และกรรมกำรบรษท ส ำหรบผลกำรด ำเนนงำนสนสด ณ วนท 31 ธนวำคม 2560

To consider and approve paying bonus to Chairman of the Board, Executive Chairman and Board of Directors for the year ended 31 December 2017

เหนดวย ไมเหนดวย งดออกเสยง


7.2 พจำรณำอนมตก ำหนดคำตอบแทนกรรมกำรบรษท ส ำหรบป 2561 To consider and approve directors’ remuneration for the year 2018


วำระท 8 พจำรณำอนมตกำรแตงตงผสอบบญช และก ำหนดคำสอบบญช ส ำหรบป 2561 Agenda 8 To consider and approve the appointment of auditor and determination of auditor’s remuneration

for the year 2018 (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร




Approve Disapprove Abstain วำระท 9

พจำรณำอนมตกำรลดทนจดทะเบยน และแกไขหนงสอบรคณหสนธ ขอ 4 เพอใหสอดคลองกบกำรลดทนจดทะเบยน

Agenda 9 To consider and approve the capital decrease and amendment of Article 4 of memorandum Association in order to comply with the reduction of the registered capital






วำระท 10 พจำรณำอนมตกำรแกไขขอบงคบบรษท ขอท 36 Agenda 10 To consider and approve for amending company’s regulation Article 36





วำระท 11 พจำรณำเรองอน ๆ (ถำม) Agenda 11 To consider any other business (if any) (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร





(5) การลงคะแนนเสยงของผ รบมอบฉนทะในวาระใดทไมเปนไปตามทระบไวในหนงสอมอบฉนทะน ใหถอ ถอวาการลงคะแนน

เสยงนนไมถกตองและไมใชเปนการลงคะแนนเสยงของขาพเจาในฐานะผ ถอหน If the votes which the proxy casts on any agenda conflict with my/our specified instruction in this proxy, those

votes are invalid and will be regarded as having not been cast by me/us in my/our capacity as the shareholder. (6) ในกรณททประชมมการพจารณาหรอลงมตในเรองใดนอกเหนอจากเรองทระบไวขางตน รวมถงกรณทมการแกไข

เปลยนแปลงหรอเพมเตมขอเทจจรงประการใด ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร If I/we have not expressed my/our intention with respect to votes in any item, or such intention is unclear or if

the meeting takes into consideration any matters other than those specified above, including the amendment, alteration or addition of any facts, the proxy shall be entitled to consider and vote on my/our behalf in all respects as the proxy deems f it;

กจการใดทผ รบมอบฉนทะกระท าไปในการประชมนน ใหถอเสมอนวาขาพเจาไดกระท าเองทกประการ

All acts undertaken by the proxy at the Meeting shall be treated as if they have been undertaken by myself/ourselves in all respects.

ลงชอ ผมอบฉนทะ Signed: Grantor ( )


( )


( )


หมำยเหต (Notes) 1. ผ ถอหนทมอบฉนทะ จะตองมอบฉนทะใหผ รบมอบฉนทะเพยงรายเดยวเปนผ เขาประชมและออกเสยงลงคะแนน ไมสามารถแบงแยก

จ านวนหนใหผ รบมอบฉนทะหลายคน เพอแยกการลงคะแนนเสยงได Each shareholder who appoints a proxy shall appoint only one proxy to participate in and vote at the meeting and may not apportion his/her shares for several proxies to vote.

2. วาระเลอกตงกรรมการสามารถเลอกตงกรรมการทงชดหรอเลอกตงกรรมการเปนรายบคคล As regards the agenda to appoint directors, the meeting may consider appointing the entire board or any director(s).

3. ในกรณทมวาระทจะพจารณาในการประชมมากกวาวาระทระบไวขางตน ผมอบฉนทะสามารถระบเพมเตมไดในใบประจ าตอแบบหนงสอมอบฉนทะ แบบ ข. ตามแนบ In case of there are any statements to be indicated in addition to those specified above, the grantor may make additional authorization in the Attachment to Proxy Form B.


ใบประจ ำตอแบบหนงสอมอบฉนทะแบบ ข.

Supplement to Proxy Form B.

การมอบฉนทะในฐานะเปนผ ถอหนของบรษท.................... บซเนส ออนไลน จ ำกด (มหำชน)................................ Appointment of Proxy as Shareholder of……………. Business Online Public Company Limited……………

ในการประชมสามญผ ถอหน ประจ าป 2561 For the Meeting of Annual General Meeting of the Shareholders 2018

ในวนพธท 28 มนาคม 2561 เวลา 14:00 น. ณ หองประชมเอสค ชน 34 เลขท 900/29 ถนนพระราม 3 แขวงบางโพงพาง เขตยานนาวา กรงเทพมหานคร 10120 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย on Wednesday, March 28, 2018 at 2:00 p.m. at ASIC Room, 34th Floor 900/29 Rama III Road, Bangpongpang, Yannawa, Bangkok 10120 or any adjournment to any other date, time and place

วาระท เรอง Item Subject




Approve Disapprove Abstain วาระท เรอง Item Subject




Approve Disapprove Abstain วาระท เรอง Item Subject









(b) grant the proxy the right to vote in accordance with my/our intention as follows เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain




(b) grant the proxy the right to vote in accordance with my/our intention as follows เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

ขาพเจาขอรบรองวา รายการในใบประจ าตอแบบหนงสอมอบฉนทะ ถกตองบรบรณและเปนความจรงทกประการ I/We hereby certify that the particulars contained in the Supplement to the Proxy Form are true, correct and complete in

all respects. ลงชอ ผมอบฉนทะ Signed: Grantor ( )


( ) ลงชอ ผ รบมอบฉนทะ Signed: Grantee

( )

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 44

แบบหนงสอมอบฉนทะ แบบ ค. (แบบทใชเฉพาะกรณผ ถอหนเปนผลงทนตางประเทศและแตงตงใหคสโตเดยน (Custodian) ในประเทศไทยเปนผ รบฝากและดแลหน) ทายประกาศกรมพฒนาธรกจการคา

เรอง กาหนดแบบหนงสอมอบฉนทะ (ฉบบท 5) พ.ศ. 2550 Proxy Form C.

......................................................

เขยนท.................................................. Written at

วนท...........เดอน............................พ.ศ............... Date Month A.D.


อยบานเลขท ถนน ตาบล/แขวง No. , Road: , Tambol/Subdistrict: , อาเภอ/เขต จงหวด รหสไปรษณย Amphoe/District: , Province: , Postal Code:

(2) เปนผ ถอหนของบรษท บซเนส ออนไลน จากด (มหาชน) As a shareholder of Business Online Public Company Limited,

โดยถอหนจานวนทงสนรวม หน และออกเสยงลงคะแนนไดเทากบ เสยง ดงน holding a total of……………………. shares; and have the right to vote equal to………………………. votes as follow : หนสามญ หน และออกเสยงลงคะแนนไดเทากบ เสยง Ordinary share………………………. shares and have the right to vote equal to……………………….. votes


1) .

Age. years

อยบานเลขท ถนน ตาบล/แขวง Residing at No.

, Road : Tambol/Subdistrict:

อาเภอ/เขต จงหวด รหสไปรษณย Amphoe/District: Province: Postal Code:


2) .

Age. years

อยบานเลขท ถนน ตาบล/แขวง Residing at No.


อาเภอ/เขต จงหวด รหสไปรษณย Amphoe/District: Province: Postal Code:

คนหนงคนใดเพยงคนเดยวเปนผแทนของขาพเจา เพอเขาประชมและออกเสยงลงคะแนนแทนขาพเจาในการประชมสามญผ ถอหนประจาป 2561 ในวนพธท 28 มนาคม 2561 เวลา 14:00 น. ณ หองประชมเอสค ชน 34 เลขท 900/29 ถนนพระรามท 3 แขวงบางโพงพาง เขตยานนาวา กรงเทพมหานคร 10120 หรอจะพงเลอนไปในวน เวลา และสถานทอนดวย Only one person as my/our representative to participate in and vote at the meeting of Annual General Meeting of the Shareholders 2018 On Wednesday, March 28, 2018 , at 2:00 p.m., at ASIC Room, 34th Floor 900/29 Rama III Road, Bangpongpang, Yannawa, Bangkok 10120 or which may be postponed to any other date, time and place.

อากรแสตมป Duty stamp

20 Baht


(4) ขาพเจาขอมอบฉนทะใหผ รบมอบฉนทะเขารวมประชมและออกเสยงลงคะแนนในครงน ดงน In this meeting, I/We hereby intend to have the proxy vote as follows :

� มอบฉนทะตามจานวนหนทงหมดทถอและมสทธออกเสยงลงคะแนนได The voting right in all the voting shares held by us is granted to the proxy. � มอบฉนทะบางสวน คอ

The voting right in part of the voting shares held by us is granted to the proxy as follows: � หนสามญ หน และมสทธออกเสยงลงคะแนนได เสยง Ordinary shares…………… shares in total, which are entitled to cast …………votes; and

รวมสทธออกเสยงลงคะแนนไดทงหมด เสยง Total…………………………………………………………………… votes

วาระท 1 พจารณารบรองรายงานการประชมสามญผถอหนประจ าป 2560 Agenda 1 To certify the Minutes of the Annual General Meeting of Shareholders 2017


(ข) ใหผ รบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน (b) grant the proxy the right to vote in accordance with my/our intention as follows

เหนดวย ไมเหนดวย งดออกเสยง Approve....................เสยง Disapprove....................เสยง Abstain....................เสยง

วาระท 2 รบทราบรายงานของคณะกรรมการบรษทส าหรบผลการด าเนนงานประจ าป 2560 Agenda 2 To acknowledge the report on the company’s operating results for the year 2017




วาระท 3 พจารณาอนมตงบแสดงฐานะการเงนและงบก าไรขาดทนเบดเสรจของบรษทส าหรบรอบปบญชสนสด ณ วนท 31 ธนวาคม 2560 ซงผานการตรวจสอบจากผสอบบญชรบอนญาตแลว

Agenda 3 To acknowledge and approve the audited Statement of financial position and Statements of comprehensive income for the year ended 31 December 2017




Approve....................เสยง Disapprove....................เสยง Abstain....................เสยง


วาระท 4 พจารณาอนมตการจดสรรก าไรสทธเปนทนส ารองตามกฎหมาย และพจารณาอน มตจาย เงนปนผลแกผถอหน ส าหรบผลการด าเนนงานสนสด ณ วนท 31 ธนวาคม 2560

Agenda 4 To consider and approve the profit apportionment and dividend payment derived from operating results for the year ended 31 December 2017




(b) grant the proxy the right to vote in accordance with my/our intention as follows วาระท 5

พจารณาอนมตการแตงตงกรรมการทตองออกตามวาระ

Agenda 5 To consider and approve the appointment of new directors replacing those retired by rotation (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร




เหนดวยกบการแตงตงกรรมการทงชด Approve with appointment all team


เหนดวยกบการแตงตงกรรมการรายบคคล ดงน Approve with partial of team as follows :

1. นายบรรยงค ลมประยรวงศ Mr. Banyong Limprayoorwong


2. นายอนนต ตงทตสวสด Mr. Anant Tangtatswas


3. ผศ.ดร.การด เลยวไพโรจน Asst.Prof. Dr. Karndee Leopairote


4. นางสาวชไมพร อภกลวณช Ms. Chamaiporn Apikulvanich



วาระท 6 พจารณาอนมตการแกไขเปลยนแปลงชอกรรมการผมอ านาจลงลายมอชอแทนบรษท Agenda 6 To consider and approve the change of authorized director





วาระท 7 พจารณาอนมตก าหนดคาตอบแทนกรรมการบรษท Agenda 7 To consider and approve directors’ remuneration (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร (a) grant the proxy the right to consider and vote on my/our behalf at its own discretion.



7.1 พจารณาอนมตการจายเงนโบนสใหประธานกรรมการ ประธานกรรมการบรหาร และกรรมการบรษท ส าหรบผลการด าเนนงานสนสด ณ วนท 31 ธนวาคม 2560

To consider and approve paying bonus to Chairman of the Board, Executive Chairman and Board of Directors for the year ended 31 December 2017


7.2 พจารณาอนมตก าหนดคาตอบแทนกรรมการบรษท ส าหรบป 2561 To consider and approve directors’ remuneration


วาระท 8 พจารณาอนมตการแตงตงผสอบบญช และก าหนดคาสอบบญช ส าหรบป 2561 Agenda 8 To consider and approve the appointment of auditor and determination of auditor’s remuneration

for the year 2018 (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร






วาระท 9 พจารณาอนมตการลดทนจดทะเบยน และแกไขหนงสอบรคณหสนธ ขอ 4 เพอใหสอดคลองกบการลดทนจดทะเบยน

Agenda 9 To consider and approve the capital decrease and amendment of Article 4 of memorandum Association in order to comply with the reduction of the registered capital





วาระท 10 พจารณาอนมตการแกไขขอบงคบบรษท ขอท 36 Agenda 10 To consider and approve for amending company’s regulation Article 36





วาระท 11 พจารณาเรองอน ๆ (ถาม) Agenda 11 To consider any other business (if any) (ก) ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร




Approve....................เสยง Disapprove....................เสยง Abstain....................เสยง

(4) การลงคะแนนเสยงของผ รบมอบฉนทะในวาระใดทไมเปนไปตามทระบไวในหนงสอมอบฉนทะน ใหถอ ถอวาการลงคะแนนเสยงนนไมถกตองและไมใชเปนการลงคะแนนเสยงของขาพเจาในฐานะผ ถอหน

If the votes which the proxy casts on any agenda conflict with my/our specified instruction in this proxy, those votes are invalid and will be regarded as having not been cast by me/us in my/our capacity as the shareholder.

(5) ในกรณททประชมมการพจารณาหรอลงมตในเรองใดนอกเหนอจากเรองทระบไวขางตน รวมถงกรณทมการแกไขเปลยนแปลงหรอเพมเตมขอเทจจรงประการใด ใหผ รบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร

If I/we have not expressed my/our intention with respect to votes in any item, or such intent ion is unclear or if the meeting takes into consideration any matters other than those specified above, including the amendment, alteration or addition of any facts, the proxy shall be entitled to consider and vote on my/our behalf in all respects as the proxy deems fit;


กจการใดทผ รบมอบฉนทะกระทาไปในการประชมนน ใหถอเสมอนวาขาพเจาไดกระทาเองทกประการ All acts undertaken by the proxy at the Meeting shall be treated as if they have been undertaken by

myself/ourselves in all respects. ลงชอ ผมอบฉนทะ Signed: Grantor ( )


( )


( )

หมายเหต Remark

1. หนงสอมอบฉนทะแบบ ค. นใชเฉพาะกรณทผ ถอหนทปรากฏชอในทะเบยนเปนผลงทนตางประเทศและแตงตงใหคสโตเดยน (Custodian) ในประเทศไทยเปนผ รบฝากและดแลหนใหเทานน This Form C. is used only if the shareholder whose name is in the shareholders' register is an offshore investor who appoints a local custodian in Thailand to keep his/her shares in the custody. 2. หลกฐานทตองแนบพรอมกบหนงสอมอบฉนทะ คอ The necessary evidence to be enclosed with this proxy form is:

(1) หนงสอมอบอานาจจากผ ถอหนใหคสโตเดยน (Custodian) เปนผดาเนนการลงนามในหนงสอมอบฉนทะแทน The power-of-attorney granted by the shareholder to the custodian by which the custodian is appointed to sign the proxy form on the shareholder's behalf; and

(2) หนงสอยนยนวาผลงนามในหนงสอมอบฉนทะแทนไดรบอนญาตประกอบธรกจ คสโตเดยน (Custodian) A certification that the authorised signatory of the proxy form is licensed to operate the custodial business. 3. ผ ถอหนทมอบฉนทะจะตองมอบฉนทะใหผ รบมอบฉนทะเพยงรายเดยวเปนผ เขาประชมและออกเสยงลงคะแนนไมสามารถแบงแยกจานวนหนใหผ รบมอบฉนทะหลายคนเพอแยกการลงคะแนนเสยงได A shareholder may grant a proxy to only one person. The number of shares held by a shareholder may not be divided into several portions and granted to more than one proxy in order to divide the votes. 4. วาระเลอกตงกรรมการสามารถเลอกตงกรรมการทงชดหรอเลอกตงกรรมการเปนรายบคคล As regards the agenda to appoint directors, the meeting may consider appointing the entire board or any director(s). 5. ในกรณทมวาระทจะพจารณาในการประชมมากกวาวาระทระบไวขางตน ผมอบฉนทะสามารถระบเพมเตมไดในใบประจาตอแบบหนงสอมอบฉนทะแบบ ค. ตามแนบ In case there is other business to be discussed in addition to those specified above, the grantor may make additional authorisation in the Attachment to Proxy Form C.


ใบประจ าตอแบบหนงสอมอบฉนทะแบบ ค.

Supplement to Proxy Form C.

การมอบฉนทะในฐานะเปนผ ถอหนของบรษท................ บซเนส ออนไลน จ ากด (มหาชน)................................ Appointment of Proxy as Shareholder of…………. Business Online Public Company Limited……………

ในการประชมสามญผ ถอหน ประจาป 2561 For the Meeting of Annual General Meeting of the Shareholders 2018

ในวนพธท 28 มนาคม 2561 เวลา 14:00 น. ณ หองประชมเอสค ชน 34 เลขท 900/29 ถนนพระราม 3 แขวงบางโพงพาง เขตยานนาวา กรงเทพมหานคร 10120 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย on Wednesday, March 28, 2018 at 2:00 p.m. at ASIC Room, 34th Floor 900/29 Rama III Road, Bangpongpang, Yannawa, Bangkok 10120 or any adjournment to any other date, time and place วาระท เรอง Item Subject




Approve...................เสยง Disapprove....................เสยง Abstain....................เสยง วาระท เรอง Item Subject




Approve...................เสยง Disapprove....................เสยง Abstain....................เสยง












ขาพเจาขอรบรองวา รายการในใบประจาตอแบบหนงสอมอบฉนทะ ถกตองบรบรณและเปนความจรงทกประการ I/We hereby certify that the particulars contained in the Supplement to the Proxy Form are true, correct and complete in

all respects. ลงชอ ผมอบฉนทะ Signed: Grantor ( )

ลงชอ ผ รบมอบฉนทะ Signed: Grantee ( )

ลงชอ ผ รบมอบฉนทะ Signed: Grantee ( )

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The documents of the Annual General Meeting of Shareholders 2018 52

Documents or evidence required to attend in the Shareholders’ Meeting

The policy of the Board of The Stock Exchange of Thailand, dated 19 February 1999, relating to

good practices for holding of a shareholders’ meeting, aims to establish guidelines for listed companies to follow. This will create confidence to shareholders, investors and all relevant parties. In order for the shareholders' meeting of the company to be transparent, fair and beneficial to shareholders, the company considers it appropriate to inspect the documents or evidence showing an identity of the shareholder or a representative of the shareholder entitled to attend the meeting. This will also be applied in the future. However, since some shareholders may not be familiar with this, the company reserves the right to waive any of these requirements for some of the shareholders on a case by case basis as the company considers appropriate. 1. Natural person

1.1 Thai nationality (a) identification card of the shareholder (personal I.D. or identification card of government officer

or identification card of state enterprise officer); or (b) in case of proxy, identification card of the shareholder and identification card or passport (in

case of a foreigner) of the proxy.

1.2 Non-Thai nationality (a) passport of the shareholder; or (b) in case of proxy, passport of the shareholder and identification card or passport (in case of a

foreigner) of the proxy. 2. Juristic person

2.1 Juristic person registered in Thailand (a) corporate affidavit, issued within 30 days by Department of Business Development,

Ministry of Commerce; and (b) identification card or passport (in case of a foreigner) of the authorised director(s) who

sign(s) the proxy form including identification card or passport (in case of a foreigner) of the proxy.

2.2 Juristic person registered outside of Thailand (a) corporate affidavit; and (b) identification card or passport (in case of a foreigner) of the authorised director(s) who

sign(s) the proxy form including identification card or passport (in case of a foreigner) of the proxy.

A copy of the documents must be certified true copy. A shareholder or a proxy may register and submit the required documents or evidence for inspection at the meeting from 1:00 P.M. on Wednesday, March 29, 2017.

If any shareholder cannot attend the 2017 Annual General Meeting of Shareholders, the shareholder may grant the proxy to independent director of the company to act as proxy holder to attend and vote on his/her behalf by sending the duly completed proxy form to BOL.

Enclosure 8

-------------------------------------------------------------------------------------------------------------------------------------------------------------------- The documents of the Annual General Meeting of Shareholders 2018 53

The map of the meeting venue of Business Online Public Company Limited

Enclosure 9

Meeting Venue Annual General Meeting 2018 : ASIC room, SVOA Tower 34 Floor., 900/29, Rama 3 Rd., Bangpongpang, Yannawa, Bangkok 10120

Transportation:

- Bus No. 89, 205 , por.aor.205 or

- BRT at Wat Dan Station or - Express way No.1 and use rama 3 road or - Express way No.2 and use Daokanong-BangKhlo and go to

Bangkhlo

Use elevator (High Zone) at IT Professional Building