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Asia Biomass Public Company Limited

ABM/AGM 2561

Invitation to the 2019 Annual General Meeting of Shareholders 1

บรษท เอเชย ไบโอแมส จากด (มหาชน) เลขท� 273/2 ถนนพระรามท� 2 แขวงแสมดา เขตบางขนเทยน กรงเทพมหานคร 10150 โทรศพท 0-2415-0054, 0-2416-3911 โทรสาร 0-2415 -1102 www.asiabiomass.com ทะเบยนนตบคคลเลขท� : 0107560000061

25 March 2019

Subject: Invitation to the 2019 Annual General Meeting of Shareholders

Attention: Shareholders

Enclosures: 1. One copy of the Minutes of the 2018 Annual General Meeting of Shareholders, convened on 26 April 2018;

2. One copy of Annual report for the year 2018 and the Statement of Financial Position and the Profit and Loss Statement for fiscal year ended 31 December 2018 (in a QR-CODE format);

3. Profiles of the persons who would be retired by rotation and are nominated as directors for another term;

4. Proxy Form A (general form), Proxy Form B (form with specific details), and Proxy Form C (for a foreign investor who appoints a custodian in Thailand);

5. Profiles of the company’s auditor for the year 2019

6. Profiles of Independent Directors for the appointment of proxy and the definition of an independent director;

7. Guidelines for the registration and appointment of a proxy, and the documentation and evidence required to be presented on the date of the meeting;

8. Copy of the Articles of Association of the Company Limited with respect to the shareholders’ meetings; and

9. Map of the meeting venue: THE BRIGHT Meeting Room, 3rd floor, Building A

With this letter, Asia Biomass Public Company Limited (the “Company”) hereby informs you that the

Meeting of the Board of Directors No. 1/2019 resolved to convene the 2098 Annual General Meeting of Shareholders on 26 April 2019 at 14.00, at The Bright Meeting Room, 3rd floor, Building A, No. 15/6, Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150 to consider the following agenda items:

Agenda Item 1 To consider and certify the Minutes of the 2019 Annual General Meeting of the

Shareholders

Objectives and Rationale:

The Company had held the 2018 Annual General Meeting of Shareholders on 26 April 2018 and had also prepared the Minutes of the 2018 Annual General Meeting of Shareholders, details are appeared in Enclosure 1, which has been sent to the shareholders together with this invitation.

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Opinion of the Board of Directors:

The Board of Directors considers that the Minutes of the 2018 Annual General Meeting of Shareholders held on 26 April 2018 were correctly and completely recorded and the Board of Directors deems appropriate to propose to the shareholders’ meeting to adopt the Minutes of the 2018 Annual General Meeting of Shareholders held on 27 April 2018 as detailed in the Enclosure 1.

Voting : Resolution in this agenda shall be approved by the majority votes of the shareholders attending the meeting and casting their votes.

Brief Summary

Opinion of the Board of Directors:

The Board of Directors deems appropriate to propose to the shareholders’ meeting to acknowledge the operational results and the significant changes that occurred during the year 2018, as detailed in Enclosure 2.

Voting : This agenda is for acknowledged; therefore, no voting is required.

31-Dec-18 31-Dec-17 31-Dec-18 31-Dec-17

Total Asset (Million Baht) 648 808 563 706

Total Liabilities (Million Baht) 408 655 324 555

Total Shareholders' Equity (Million Baht) 239 153 239 150

Y-61 Y-60 Y-61 Y-60

Total Revenues (Million Baht) 1,298.21 1,246.06 1,116.54 1,155.37

Profit for the year (Million Baht) (35.96) 15.42 (34.65) 7.95

Profit attributable to equity holders of the parent (Million Baht) (31.15) 15.63 (34.65) 7.95

Earnings per Share attributable to equity holders of the parent (Baht) (0.108) 0.074 (0.120) 0.037

List

Consolidated financial

statementsSeparate financial statements

Agenda Item 2 To consider and acknowledge the operational results for the year 2018

Objectives and Rationale:

The Company has summarized the operational results and the significant changes that occurred during the year 2018 in the annual report for the year 2018, as detailed in Enclosure 2 which has been sent to the shareholders together with this invitation.

Agenda Item 3 To consider and approve the Statement of Financial Position and the Profit and

Loss Statement for the year 2018 for fiscal year ended 31 December 2018

Objectives and Rationale:

Section 112 of the Public Limited Company Act and Article 39 of the Articles of Association of the Company prescribes that the Board of Directors have to prepare the Statement of Financial Position and the Profit and Loss Statement at the end of each fiscal year for proposing to the shareholders in the annual general meeting of shareholders.

In this regard, the Company has already prepared the Statement of Financial Position and the Profit and Loss Statement for the year 2018 for fiscal year ended 31 December 2018, as detailed in the Annual report for the year 2018 of the Company,

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Invitation to the 2019 Annual General Meeting of Shareholders 3

as per Enclosure 2, which has been sent to the shareholders together with this invitation. Such Statement of Financial Position and the Profit and Loss Statement for the year 2018 for fiscal year ended 31 December 2018 have been audited by the certified auditor of the Company, who had been appointed by the 2018 Annual General Meeting, and reviewed by the Audit Committee and approved by the Board of Directors.

Opinion of the Board of Directors:

The Board of Directors deems appropriate to propose to the shareholders’ meeting to consider and approve the Statement of Financial Position and the Profit and Loss Statement for the year 2018 for fiscal year ended 31 December 2018, which have been already audited by the certified auditor of the Company and reviewed by the Audit Committee and approved by the Board of Directors, as per the details above.

Voting : Resolution in this agenda shall be approved by the majority votes of the shareholders attending the meeting and casting their votes.

Agenda Item 4

To consider and approve non-declaration of appropriate of profit as capital

reserve as prescribed by the laws and suspension of the payment of dividend for

the year 2019

Objectives and Rationale:

According to the Public Limited Companies Act B.E. 2535 (as amended) and the company’s Articles of Association, set out that the Company is required to appropriate part of the annual net profit as reserve fund in an amount not less than 5 percent of the annual net profit with deduction therefrom the amount representing the accumulated loss carried forward (if any) until the reserve fund amounts to not less than 10 percent of the registered capital.

Furthermore, The Company has the policy to pay dividend at the rate of not less than 40% of the Company’s net profit after accounting for all necessary reserves according to the Company article and legal by considering the Company’s operating performance, financial status, investment plan, and consistency on dividend payment to the shareholders. The Company has the current capital reserve would be Baht 6,100,000.

The Company has loss from the operating result for the year ended 31 December 2018. The Board of Directors has considered and deems appropriate to propose the Annual General Meeting of Shareholders as follows:

1. No appropriation of profit as the legal reserve; and

2. No dividend payment from the operating result of the year 2018.

Opinion of the Board of Directors:

The Board of Directors considered the financial statement in 2018, which the Company reported the net losses from operation of Bath 34,654,953 (thirty four million six hundred fifty four thousand and nine hundred fifty three Baht). Therefore, the Board of Directors recommended to propose the shareholders’ meeting to approve for omission

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No. Name of directors

who shall be

retired by rotation

Position

Number of

Board of

Directors’

meeting

attendance in

year 2018

Number of

subcommittee

meeting

attendance in

year 2018

Remark

1. Miss Tiyada Kuansataporn

Director/ Managing Director

5/5 2/2* 12/12**

retirement by rotation

2. Dr. Sarit Chockchainiran

Director/ Chairman of the Audit Committee /Independent Director

5/5 retirement by rotation

Remark: * The Nomination and Remuneration Committee’s Meetings ** The Executive Committee’s Meetings

In this regard, the Nomination and Remuneration Committee has considered the qualifications of the directors who will retire by rotation in the 2019 Annual General Meeting of shareholders as detailed in Enclosure 3 and has an opinion that the 2 directors are knowledgeable, experienced and skilful which will benefit the Company’s operations. In addition, in considering the qualifications of the 2 directors, the Nomination and Remuneration Committee has complied with the regulations and procedures for nomination and deems that such 2 nominated persons have full qualification and do not have any prohibited characteristics under the Public Limited Company Act, the Securities and Exchange Act B.E. 2535 (1992) (as amended) and other relevant regulations. Thus, the Board of Directors deems appropriate to propose

the dividend payment of the year 2018 and no legal reserve appropriation in 2018

Voting : Resolution in this agenda shall be approved by the majority votes of the shareholders attending the meeting and casting their votes.

Agenda Item 5

To consider and approve the reappointment of directors retired by rotation

Objectives and Rationale:

According to Section 71 of the Public Limited Company Act and Article 17 of the Articles of Association of the Company prescribes that, in each Annual General Meeting of Shareholders, one-third (1/3) of the total number of the directors must retire by rotation. In the case that the number of directors cannot divide into 3 proportions, a number of directors closest to one-third (1/3) shall retire. The directors who will be retired in the first and second years after the registration of that company shall be drawn up by lottery method. For the subsequent years, the longest position is the one who must vacate his office. The directors retiring by rotation may be re-elected.

In the 2019 Annual General Meeting, there are 2 directors who will retire by rotation, namely:

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Invitation to the 2019 Annual General Meeting of Shareholders 5

to the shareholders’ meeting to consider and approve the reappointment of the 2 directors.

Opinion of the Board of Directors:

The Board of Directors deems appropriate to propose to the shareholders’ meeting to approve the reappointment of the 2 directors retired by rotation, namely:

No. Name of directors Position

1. Miss Tiyada Kuansathaporn Director/Managing Director

2. Dr. Sarit Chockchainiran Director/ Chairman of the Audit Committee /Independent Director

Voting :

Resolution in this agenda shall be approved by the majority votes of the shareholders attending the meeting and casting their votes (when considering the appointment of directors to replace those who retire by rotation, the Company shall propose to consider and approve on person-by-person basis).

Agenda Item 6 To consider and approve the 2019 remuneration of directors

Objectives and Rationale:

According to Section 90 of the Public Limited Company and Article 22 of the Articles of Association of the Company, the remuneration of directors must be approved by the shareholders’ meeting.

The Nomination and Remuneration Committee has thoroughly considered the appropriateness on various factors, i.e. from the operation results of the Company, size of the Company’s business and duties and responsibilities of the directors and the sub-committees of the Company, by comparing with the remuneration rate of directors and the sub-committees in the companies that are in the same industry as the Company. The Board of Directors deems appropriate to propose to the shareholders’ meeting to determine the remuneration of the directors and the sub-committees of the Company for the year 2019 in the amount of not exceeding Baht 5,000,000 with details as follows:

Remuneration of the directors of the Company

Position Meeting Allowance of the

Directors/per attendance

Remuneration of the

Directors/per month

Chairman of the Board of Directors

Baht 25,000 per person/per attendance

Baht 25,000 per person/ per month

Directors Baht 20,000 per person/per attendance

Baht 20,000 per person/per month

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6 Invitation to the 2019 Annual General Meeting of Shareholders

Remuneration of the Audit Committee (excluding the remuneration of the directors of the Company)

Position Meeting Allowance of the Audit

Committee/per attendance

Chairman of the Audit Committee Baht 25,000 per person/per attendance

Audit Committee Baht 20,000 per person/per attendance

Remuneration of the Nomination and Remuneration Committee (excluding the remuneration of the directors of the Company)

Position Meeting Allowance of the Nomination

and Remuneration Committee/per

attendance

Chairman of the Nomination and Remuneration Committee

Baht 25,000 per person/per year

Nomination and Remuneration Director Baht 20,000 per person/per year

In addition, the comparison of the remuneration of the directors and the sub-committees of the Company for the year 2019 and the year 2018 are detailed as follows:

Remuneration 2019 (proposed) 2018

Remuneration of the Directors

- Chairman of the Board of Directors

- Director

Baht 25,000 per person/per month

Baht 20,000 per person/per month

Baht 25,000 per person/per month

Baht 20,000 per person/per month

Meeting Allowance of the Directors

- Chairman of the Board of Directors

- Director

Baht 25,000 per person/per attendance

Baht 20,000 per person/per attendance

Baht 25,000 per person/per attendance

Baht 20,000 per person/per attendance

Meeting Allowance of the Audit Committee

- Chairman of the Audit Committee

- Member of the Audit Committee

Baht 25,000 per person/per attendance

Baht 20,000 per person/per attendance

Baht 25,000 per person/per attendance

Baht 20,000 per person/per attendance

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Invitation to the 2019 Annual General Meeting of Shareholders 7

Remuneration 2019 (proposed) 2018

Meeting Allowance of the Nomination and Remuneration Committee

- Chairman of the Nomination and Remuneration Committee

- Nomination and Remuneration Director

Baht 25,000 per person/per year

Baht 20,000 per person/per year

Baht 25,000 per person/per year

Baht 20,000 per person/per year

In this regards, the remuneration of the directors and the sub-committees of the Company above will not be exceeding Baht 5,000,000 and the Company will not pay any other remunerations and benefits to the directors of the Company other than the remunerations mentioned above.

Opinion of the Board of Directors:

The Board of Directors deems appropriate to propose to the shareholders’ meeting to consider and approve the 2019 remuneration of directors and sub-committees, which shall not exceed Baht 5,000,000, as per the details above.

Voting : Resolution in this agenda shall be approved by no less than two-thirds of the total votes of the shareholders attending the meeting.

Agenda Item 7 To consider and approve the appointment of the auditors and 2019 auditor fee

Objectives and Rationale:

Pursuant to the Company’s Articles 36 of Association, it determines that the Company appoint the auditor with compensation. And the clause 120 of the Public Company Act and notification of the Securities and Exchange Commission regarding rotation of the auditor, which prohibit any auditor to audit any Company’s financial statement for five consecutive years, but not prohibit the new auditor in the same auditing firm.

The Audit Committee Meeting No.1/2019 held on February 25, 2019 has considered the qualification of the auditor with the Executive Committee by considering knowledge, experience, reliability, independently, consulting in accounting standards, certification of financial statement on time and agreed to propose one of thes auditors as follows:

Name Certified Public Accountant No.

(1) Mr. Virach Aphimeteetamrong 1378

(2) Mr. Chaiyakorn Aunpitipongsa 3196

(3) Mr. Apiruk Ati-anuwat 5202

(4) Mr. Preecha Suan 6718

From Dr. Virach and Associates Company Limited to be auditor for the year 2019 as the second year. Then, the Board of Director agreed to propose the shareholder’s

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8 Invitation to the 2019 Annual General Meeting of Shareholders

meeting to appoint the auditor form Dr. Virach and Associates Company Limited as the two year consecutive years.

In addition, in the case the aforementioned auditors are unable to perform their duties, Dr. Virach and Associates Company Limited shall be authorized to appoint any of Dr. Virach and Associates Company Limited’s qualified auditors to be the auditor of the Company.

Thus, the auditor as above has been selected to be the auditor of 3 subsidiaries for the year 2019 1. Paprapat Co.,Ltd. 2. Sathaporntanapat Co.,Ltd. 3. Asia Pellets Co.,Ltd. The auditors’ profiles are shown in Enclosure 5

The auditor of the Company’s international subsidiaries, the Board of Directors will oversee to ensure that the financial statement will be prepared within the due date.

Furthermore, the Board of Director deems appropriate to propose to the shareholders’ meeting to consider and approve the audit fee for the annual audit and the quarterly review of the financial statement for the year 2019 in relation to the separate financial statement and the consolidated financial statement to be 1,655,000 Baht. Such audit fee does not include the non-audit services fee, the details are as follows:

No. Auditor Fee 2019 (proposed) 2018

1. Auditor Fee of the Company Baht 1,655,000 Baht 1,650,000

2. Non-Audit Services None None

Total Baht 1,655,000 Baht 1,650,000

The audit fee for the year 2019 has increased from the previous fiscal year by Baht 5,000 or 0.3 percent due to the increase in the amount of work. Such audit fee does not include the non-audit services fee.

The appointment of the auditor of the Company and the audit fee above were approved by the Audit Committee. The Audit Committee considered the qualification and the experience of each auditor and has an opinion that Dr. Virach and Associates Company Limited is an independent audit firm and skillful in auditing and the proposed audit fee is appropriate. The 4 aforementioned auditors do not have any relationship nor any conflict of interest with the Company, its subsidiaries, the directors, the managements, or the major shareholders, or related persons of the said parties.

Opinion of the Board of Directors:

The Board of Directors deems appropriate to propose to the shareholders’ meeting to consider and approve the appointment of the following auditors from Dr. Virach and Associates Company Limited to be the auditors of the Company for the fiscal year ended 31 December 2019:

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Invitation to the 2019 Annual General Meeting of Shareholders 9

Name Certified Public Accountant

No.

(1) Mr. Virach Aphimeteetamrong 1378

(2) Mr. Chaiyakorn Aunpitipongsa 3196

(3) Mr. Apiruk Ati-anuwat 5202

(4) Mr. Preecha Suan 6718

And the audit fee for the year 2018 shall be not more than Baht 1,655,000, as per the details above.

Voting :

Agenda Item �

Objectives and Rationale:

Resolution in this agenda shall be approved by the majority votes of the shareholders attending the meeting and casting their votes.

To consider and acknowledge the minor change to the purpose of utilization of

proceeds obtained from the initial public offerings.

The Notification of the Office of the Securities and Exchange Commission No. SorChor.63/2561 (2018) Re: to adjust the capital or expense by the Purpose of IPO Proceeds Utilization under Securities Offering Statement Form and Draft Prospectus (“Notification No. SorChor.63/2561”), the allocated capital and expense from purpose of utilization of proceeds obtained from the initial public offerings

ABM reported on Jan 29, 19 that to sell the common share to public in order to increase capital are ended on Jan 31, 2018. ABM offer the changing of no. 1 and no. 2 purpose with not be proceed the prospectus utilization. The allocated capital and expense from purpose no.1 and no.2 to no.4 to be the revolving fund, the details hereunder:

Objective �. To expand the palm kernel shells stockpile in Indonesia and Malaysia.

Amount of utilized projection 30.00 Million Baht

Voting

The Board of Director decided to re-allocate the amount given in objective 1 of 30.00 Million Baht to be added to objective 4 to be used as working capital for the company.

Reason and necessity

Due to a rapid change in the regional’s renewable energy industry last year, the management has chosen to take extra precaution in the allocation of capital increased by the initial public offering. In addition, the company believe that current stockpiles are sufficient to serve customers.

Expected impacts on the business of the company

No effect because of directly sourcing from Indonesia’ suppliers. The directly sourcing, the Palm shell has the lower cost than own searching and storage. To proceed the Sales plan, ABM could control the product quality and risk reduction from the stockpile in Malaysia.

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Opinion of the Board of

Objective 2. To invest in the wood pellets plant joint with the company in the south

of Thailand.

Amount of utilized projection 31.00 Million Baht

Voting

The board of director decided to re-allocate the capital in objective 2 of 31.00 million to be used in the investment in wood pellets plant in objective 3 of 20.00 million baht and used as working capital in objective 4 of 11.00 million baht.

Reason and necessity

Refer to the notify of cancellation of establishing a joint venture of Fancy Wood Industries Public Company Limited which disclosed to the Stock of Exchange (“SET”) on 15 May 2018. The Board of Directors resolved to cancel the establishment of a joint venture with Asia Biomass Public Company Limited. And the Company also has disclosed the cancellation of the joint venture to the SET on 8 June 2018.

Expected impacts on the business of the company

No effect according to the own wood pallet investment plan and cooperation with wood pallet industrial

Unit: Million Baht

Objective

Amount of

utilized

projection

The requested

Amount

Approximate Period of time

1. To expand the palm kernel shells stockpile in Indonesia and Malaysia.

30.00

-

2. To invest in the wood pellets plant joint with the company in the south of Thailand.

31.00

-

3. To invest the wood chips plant and wood pellets plant at Tambol Bangkung, Amphur Mueang Surat Thani, Surat Thani.

20.00

40.00

Within the year 2019

4. To use as working capital. 41.84 82.84 Within the year 2019

Total 122.84 122.84

To change to purpose of IPO proceeds utilization previously disclosed in securities offerings statement form will not affect the Company’s business operation and forecast since such information relates to future projects and had not been calculated as revenues. The Board of Directors deems appropriate to propose to the shareholders’ meeting to

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Invitation to the 2019 Annual General Meeting of Shareholders 11

Directors:

Voting :

acknowledge the minor change to the purpose of utilization of proceeds obtained from the initial public offerings is the allocated capital and expense from purpose of utilization of proceeds obtained from the initial public offerings. The Board of Directors to consider the minor change to the purpose of utilization of proceeds obtained from the initial public offerings according to the Notification of the Office of the Securities and Exchange Commission No. SorChor.63/2561, the details of which are as follows:

New Purpose of IPO Proceeds Utilization

This agenda is for acknowledged; therefore, no voting is required

Objective

Amount of

utilized

projection

Approximate

Period of time

1. To invest the wood chips plant and wood pellets plant at Tambol Bangkung, Amphur Mueang Surat Thani, Surat Thani.

40.00 Within the year

2019

2. To use as working capital. 82.84 Within the year

2019

Total 122.84

Agenda Item 9 To consider other matters (If any)

Objectives and Rationale:

The Board of Directors deems appropriate to give an opportunity for the shareholders to propose agendas, in addition to those specified by the Board of Directors in the invitation letter, however, such proposed matters shall be subject to the criteria and method as required by law.

In addition, the Company has set the date for determining the names of shareholders who shall have the right to attend the 2019 Annual General Meeting of Shareholders on March 18, 2019 (the Record Date).

In addition, the Company had published the invitation letter for the shareholders’ meeting with the enclosures on the Company’s website at http://www.asiabiomass.com/. The Company, therefore, hereby invites all shareholders to attend the 2019 Annual General Meeting of Shareholders, on April 26, 2019, at 14.00 a.m., at The Bright Meeting Room, 3rd floor, Building A, No. 15/6, Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150. The map of the meeting venue is set out in Enclosure 9.

In the event that a shareholder is unable to attend the meeting in person and wishes to appoint a proxy to attend the meeting and cast votes on his or her behalf, please use either Proxy Form A or Form B,

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12 Invitation to the 2019 Annual General Meeting of Shareholders

and for the foreign shareholders who have appointed a custodian, please use Proxy Form C, as set out in Enclosure 4. In addition, in order to protect the rights and interests of the shareholders in the event that a shareholder is unable to attend the meeting and wishes to appoint one of the Company’s independent directors as his or her proxy to attend the meeting and cast votes on his or her behalf, the shareholder can use Proxy Form B, and select one of the Company’s independent directors, whose names and profiles are set out in Enclosure 5 to attend the meeting and cast votes on his or her behalf, then submit the Proxy Form B with supporting documentation to the Investor Relations Department, Asia Biomass Public Company Limited, at No. 273/2 ,Rama 2 Road, Samae Dam Sub-district, Bangkhunthian District, Bangkok 10150, Telephone No. (662) 415-0054. Furthermore, in order for the Company to facilitate the verification of the documents, please submit all documentations to the Company by 24 April 2019.

It is recommended that the shareholders study the guidelines for registration and appointment of a proxy, and the documentation and evidence required to be presented on the date of the meeting date as set out in Enclosure 6. The Company will conduct the meeting in accordance with the Articles of Association of the Company, Chapter 6 with respect to the shareholders’ meetings, as set out in Enclosure 7.

In order to facilitate the rapidity of the registration of attendees at the 2019 Annual General Meeting of Shareholders, the Company will allow the shareholder and proxies to register their names from 12.00 p.m. on the date of the meeting at The Bright Meeting Room, 3rd floor, Building A, No. 15/6, Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150. Furthermore, since the Company will use the barcode system in the registration and counting of votes at this meeting, the shareholders and proxies are required to present the registration form and other supporting documentations as set out in Enclosure 6 on the date of the meeting.

The Company has prepared the Annual report for the year 2018 and the Statement of Financial Position and the Profit and Loss Statement for fiscal year ended 31 December 2018 in a QR-CODE format and sent them to the shareholders. Nevertheless, if the shareholders would like to request for the Annual report for the year 2018 and the Statement of Financial Position and the Profit and Loss Statement for fiscal year ended 31 December 2018 in a paper form, the shareholders may make a request for them with the Public Relations Department, Asia Biomass Public Company Limited, at No. 273/2, Rama 2 Road, Samae Dam Sub-district, Bangkhunthian District, Bangkok 10150, Telephone No. (662) 415-0054.

The Company hereby invites the shareholders to attend the meeting on the date, time and venue specified above.

Sincerely yours,

(Mr. Apisit Rujikeatkamjorn)

Board Chairman

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� The��ompan��Secretar��(Mrs.�Apiratee�Sa�ulin)�informed�the�meeting�that�36�shareholders�were�present�

in�person�and����pro��,�altogether�holding�212,2�8,206�shares,�e�uivalent�to��0.��9��percent�of�the� total� issued�

shares,� thus�constituting�a��uorum�of� the�meeting�pursuant� to� the��ompan��s� regulation�no.�33�stated�that� there�

must��e�at�least�twent��five(2�)�shareholders�or�not�less�than�a�half�(1�2)�of�all�shareholders�with�one�third�(1�3)�of�

the� total� issued� shares� to� constitute� a� �uorum� of� the� meeting.� The� �hairman� then� declared� the� 2018� General�

Meeting�of�Shareholders�open�at�02.06�P.M.�

�he�Board�of��ire�tor�attending�the�meeting��namel���

1.���Mr.�Apisit��� �u�i�eat�am�orn� � �hairman�of�the��oard�of��irector�

2.���Mrs.��atpapha�� �uansataporn� � �ice��hairman�of�the��oard�of��irector��irector�

3.���MS.�Ti�ada�� ��uansataporn� � �irector�Manager��irector���hairman�of�the�e�ecutive�director��

�Mem�er�of��omination�and��ompensation��ommittee�

�.���Mr.�Panom��� �uansataporn� � �irector��Mem�er�of��omination�and��ompensation��ommittee�

�.����r.�Sarit�� � �hoc�chainiran� � �irector��Independent��irector���hairman�of�the�Audit�

�ommittee��

6.���Mr.��icha�� Porn�eeratiwat� � �irector��Independent��irector��Audit��ommittee����hairman�of�

the�

�omination�and��ompensation��ommittee�

�.���Ms.�Pattarawan��� Manassatit� � �irector��Independent��irector��Audit��ommittee�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

1��������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

�he���e�uti�e�and�Ad�isors�attending�the�meeting��namel���

�.� Mr.Pongtham� �anwangderm� � �eput�� Managing� �irector�� �ice� �hairman� of� the� E�ecutive�

�oard�

�.�� Mr��i�hit�� �ao�awornseadthee� E�ecutive��irector��Senior��irector�of��inance�and�Information�

�.� Mrs.�Apiratee�� Sa�ulin� � � �ompan��Secretar��� Assistant� �irector� of� �uman� �esources�

and��

��Administration�

�.� Mr.Teerasa���� Petchpi�oon� � �egal�Advisor�from��unton��illiams�(Thailand)��imited�

�.� Ms.Pattamon��� Pisit�anthoon� � �egal�Advisor�from��unton��illiams�(Thailand)��imited�

The��ompan��Secretar��e�plained�the�voting�methodolog��and�the�vote�counting�to�the�Meeting�as�to�

proceed�according�to�the�good�corporate�governance�as�follows��

1.�Each�shareholder�shall�have�a�num�er�of�votes�e�ual�to�one�share�per�one�vote�

2.� In� case� that� the� shareholders� themselves� and� the� legal� pro�ies� attended� the�meeting,� the� voting�

methodolog��shall��e�conducted�as�follows��

�efore�voting�for�each�agenda�item,�all�the��allots�shall��e�signed����each�shareholders�for�the�voting�

transparenc�.�

In�the�process�of�voting�of�all�agenda�items�e�cept�for�agenda�no.�6��If�there�is�no�disapproval�or�a�stain,�

the� result� shall��e� regarded�as�approved�according� to� all� the�num�er� of� the� votes.� If� the�shareholders� vote�

“disapprove”�or�“a�stain”,�the��allots�shall��e�singed�and�collected����the�staff.��

In�the�process�of�vote�counting�all�the�vote�“disapprove”�and�“a�stain”�shall��e�su�tracted�from�all�the�

num�er�of�the�votes.�And�the�rest�shall��e�regarded�as�“approve”�votes.�The�shareholders�who�vote�“approve”�

shall� �eep� the� �allots� and,�at� the� end� of� the�meeting,� hand� them� in� to� the� staff.� The� vote� in� the�Meeting� is�

declarative,�not�the�secret�one,�and�all�the��allots�shall��e�collected�for�the�transparenc�.��

The�agenda�no.�6��egarding�the�election�of��irectors�for�replacement�of�the�directors,�who�will��e�retired�

���rotation,�and�for� the�e�ualit��of�the�num�er�of�shares�and�votes,�the�compan��shall�temporaril��pause�the�

Meeting�attending�registration�starting�from�the�agenda�no.�6�to�the�end�of�the�agenda�as�to�perform�the�clear�

and�correct�vote�counting�according�to�the�good�conduct�of� the�Meeting.� �All� the�votes�shall��e�made�in�the�

�allots�with�the�signatures�and�collected����the�staff�for�the�counting�procedure.�The�shareholders�who�do�not�

su�mit�the��allots�in�shall��e�regarded�as�“a�stain”�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 1���

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

The�vote�shall��e�regarded�void�if�the��allot�falls�into�one�of�the�following�categories��

1)��The��allot�in�which�its�mar��is�not�put�in�onl��one�of�the�chec��o�es�provided.��

2)��The��allot�in�which�its�vote�intentionall��contradicts.��

3)��The��allot�is�written����the�o�literation�and�without�signature.�

�)��The��allot�in�which�the�shareholders�vote�more�than�the�num�er�e�isting�vote.��

An��corrections�shall��e�made�in�the��allots,�the�o�literation�and�signature�shall��e�written�at�all�times.��

3.�If�the�shareholders�empower�the�pro���form���to�others�or�directors�or�independent�directors�to�vote,�

the�pro���shall�vote�according�to�the�will�of�the�grantor.�

�or� the� shareholders,� who� empower� the� pro��� form� �� (the� foreign� shareholders)� who� assigned� the�

custodians�in�Thailand�to��e�responsi�le�for�holding�in�safe��eeping,�their�votes�can��e�separated�as�“approve”,�

“disapprove�“or�“a�stain”�at�the�same�time�in�each�agenda����dividing�the�e�isting�num�er�of�the�own�votes.��

�.��According�to�the��ompan��s�regulation�num�er�3��(1)�indicated�that�“In�normal�case,�the�ma�orit��of�

vote�of�the�presenting�shareholders�will��e�regarded.��If�the�results�are�e�ual,�the��hairman�of�the��oard�of�the�

director�shall��estow�a�vote�considered�as�the�decisive�vote”�

Therefore,�unless�otherwise�provided,� in� the�consideration�of� the�approved�votes�of� the� shareholders,�

onl�� the� vote� “approve”� and� “disapprove”�will��e�counted� in� accordance�with� the�num�er� of� the�presenting�

shareholders�and�votes.�If�the�shareholders�vote�“a�stains”,�the�vote�will�not��e�counted.��

�.�If�an��shareholder�or�pro���needs�to�leave�prior�to�the�conclusion�of�the�Meeting�or�not�present�in�an��

agenda,�shareholders�or�pro���can�still�vote����passing�the��allots�over�to�the�staff�in�advance��efore�leaving�

the�Meeting�s�room.��

6.�The�num�er�of�the�votes�of�the�shareholders�in�each�agenda�will�not��e�e�ual�in�since�the�num�er�of�

shareholders�and�pro�ies�attending�the�Meeting�follows�one�after�another�therefor,�the�num�er�of�attendees�in�

each�agenda�ma��not��e�e�uivalent.��

�.��or�the�prompt,�correction�and�transparenc��of�the�vote�counting,�the�representatives�form��unton���

�illiams�(Thailand)��imited�shall�e�amine�the�vote�counting.��

8.��efore�voting,�the�attendees�will�have�an�opportunit��to�as���uestions�relevant�to�each�agenda�item,�

the�shareholders�or�pro�ies�who�would�li�e�to�as���uestion,�please�introduce��ourself��efore�as�ing��uestions�or�

giving�opinions.��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

16�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

An���uestions�or�opinions�not�relevant�to�the�agenda�under�consideration�shall��e�as�ed�or�proposed�in�

another�agenda�item�at�the�end�of�the�Meeting.�The��uestions�and�opinions�shall��e�compact�and�not�repeated�

in�the�same�issue�in�order�to�provide�the�opportunit��to�other�shareholders�to�as�.�All�shareholders�and�pro�ies�

shall��e��indl��reminded�to�compl��with�the�regulation�in�the�Meeting�to�maintain�the�good�corporate�Meeting�in�

time.�

Agenda��o�1� �o�a��no�ledge�Minutes�of�the�201��Annual�General�Meeting�of�Shareholders�

� The��hairman�as�ed�the��ompan��Secretar��to�present�the�details�to�the�Meeting�as�follows��

� The�compan��held�the�201��Annual�General�Meeting�of�Shareholders�at�2�th�April�201��and�the�cop��of�

which�was�attached�to�the�notice�of�this�Meeting.��

� The��oard�of��irectors�considered�the�Minutes�of� the�201��Annual�General�Meeting�of�Shareholders�as�

completed�and�recommended�the�shareholders�to�ac�nowledge�the�minutes�of�such�meeting.��

� The��hairman�allowed�shareholders�to�raise��uestions�and�comments�regarding�the�Minutes�of�the�201��

Annual�General�Meeting�of�Shareholders�held�on�2�th�April�201�.��

�esolution�of�the�meeting�The�meeting�had�considered,����a�unanimous�decision,�ac�nowledging�the�Minutes�of�

the�201��Annual�General�Meeting�of�Shareholders�held�on�2�th�April�201��as�follows��

�emar�� This� agenda� item�must� �e� approved� ��� the�ma�orit�� vote� of� the� shareholders� attending� and�

eligi�le�to�vote�at�the�Meeting.�

In�this�agenda,�the�total�num�er�of�shares�was�increased�from�the��eginning�of�the�Meeting�to�93,900,�

counted�as�93,900�votes.�Therefore,�the�num�er�of�the�votes�from�the�shareholders�and�pro�ies�is�212,3�2,106.�

�ote� �um�er�of��otes� �er�entage�

Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 1���

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

Agenda��o�2� �o�a��no�ledge�201���om�an��s��erforman�e�

The��hairman�assigned�Ms.�Ti�ada��uansataporn,��irector,�Manager��irector,��hairman�of�the�e�ecutive�

director� and� Mem�er� of� �omination� and� �ompensation� �ommittee� to� inform� the� details� to� the� Meeting� as�

follows���

The� �ompan�� has� concluded� all� the� compan��s� performance� and� important� changes� during� 201��

regarding� the� Minutes� of� the� 201�� Annual� General� Meeting� as� attached� to� the� notice� of� this� Meeting� and�

pu�lici�ed�on�the�compan��s�we�site�since�30th�March�2018.��

The�conclusion�of�the�201��compan��s�performance�as�follows��

The�total�revenue�of�201��is��aht�1,2�6�million,�more�than�99��of�which�is�the�sale�earnings�and�the�rest�is�

from�transportation�services.�The�conglomerate�mainl��uses�the�truc��service�from�its�own�group.�If�there�are�the�

spare�services�in�some�times,�the��shall��e�provided�to�the�other�relevant�companied�or�the�third�part�.�There�

are�also�the�earnings�from�the�other��usiness�such�as�the�profits�from�interest�and�the�disposal�of�propert��etc.��

�or�the�revenue�of�the�sale�earnings�in�201��the�conglomerate�has�sold�the�products��in�domestic�mar�et�

91.2���and�8.����of�the�e�ported.�Most�of�the�products�are�palm��ernel�shell�at�6.28��and��wood�pallets�at�

2.31�.��

�or� the� revenue�of� the�sale�earnings� in�201�,�more� than�98��of� the� revenue� is� from� the�wood�pallets�

products�and�the�rest�2��is�from�the�lum�er�sale�which�has��een�launched�since�2016.��

The�201���iomass�fuel�sale�earnings�is��aht�1,208�million�while�the��uantit��of�the�sale�is�0.���million�ton.��

In�the�past,�the�compan��gained�the�most�sale�percentage�from�palm��ernel�shell,�more�than��0�,��ut�in�

201��the�sale�has�dropped�to��2�.��hile�the�sale�percentage�from�wood�and�other�wood�s�parts�products�has�

�een�increased�30��in�201��since�the�conglomerate�saw�the�opportunities�of�continuousl��rising�need�of�wood�

together�with�e�panding�the�options�for�customers�and�the�group�of�customers�and�diversif�ing�the�sales�not�to�

�e�limited�to�the�onl���ind�of�product.�This�has�continuousl��pushed� the�sale�potentialit��of�the�conglomerate�

forward.��

The�gross�income�of�the�sale�of�the�products�and�services�in�201��is��aht�29��million�or�23.���.�And�the�

net�profits�is��aht�1��million�or�1.2���due�to�the�loss�from�the�e�change�rate�and�derivatives�which�affected�the�

conglomerate�at�amount�of��aht�6.��million.��hereas,�the�conglomerate�had�the�profits�from�the�e�change�rate�

and�derivatives��aht�6.��million�in�2016.��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

18�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

The��ompan��s�performance�plan�for�2018�is�to�e�pand�the��usiness�continuall�.�The�plan�emphasi�es�

on�upstream��usiness�and�the�e�pansion�in�the�foreign�mar�ets,�of�which�indicated�that�the�compan��plan�to�set�

up�a�wood�pallets�factor��with�the�partner�compan�,��anc���ood�Industries�Pu�lic��ompan���imited,�the��anc��

�ood� Industries� Pu�lic� �ompan�� �imited� will� hold� �1�� of� shares� while� the� �ompan�� will� hold� the� �1�� of�

shares.� The� plan� is� in� process� of� planning.� �or� the� �ang� �ung� warehouse,� it� had� completel�� set� up� and�

operated�full��since�last��ear.��

�or� the� foreign� mar�eting,� the� �ompan�� started� to� e�port� the� products� to� South� �orea� where� the�

products�was�once�e�ported�and�paused.��rom�last��ear�up�to�the�present,�the�compan��started�to�e�port�the�

products�to�South��orea�again�and�continuall�.��

�or� the� management� of� the� organi�ation,� the� conglomerate� has� now� 180� wor�ers.� The�� are� Thai,�

Mala�sian�and�Indonesian.��

The�corporate�social�responsi�ilities��the��ompan��recogni�ed� the� importance�of�sustaina�le��usiness�

operation�under� the��orporate�Social��esponsi�ilities����aiming� to�conduct� the��usiness�with� the�moral� and�

ethical� carefulness� to� sta�eholders,� economics� and� societ�.� � The� �ompan�� wish� that� the� conduction� of�

�usiness,�under�the�corporate�social�responsi�ilities,�shall�ma�e�the��enefits�to�the�communit��together�with�the�

growth� of� the� �ompan�� ��� approaching� the� communities� and� doing� the� activities� for� the� societ�� and�

environment.��

The��ompan��had��een�awarded� the�awards�and�standards� from� leading�organi�ations�such�as��S��

�orest�Stewardship��ouncil,��hain�of��ustor�� (�o�).� It� is�guaranteed� that� the��ompan��had��een�using� the�

wood�or�wood�product�from�the�natural�forest�or�the�planted�forest�which�well�managed�under�the�internationall��

accepted�policies,�together�with��S���I���eginner�award,�Green�Industr���evel�2�award�and�the�award�from�

Thailand�Institute�of��ccupational�Safet��and��ealth�at�Platinum�level.��

Moreover,� the��ompan�� created� the��harters,�Good�Governances� and� Policies�per� as� to� conduct� in�

accordance�with�the�good�corporate�governance�and�strictl��compl��to� those�continuall�.�The��ompan��also�

created� the�policies� and� the� good� corporate�governance�a�out� anti�corruption� and��ri�er�� in� order� to� form�

organi�ation�chart�which�shall�perform� the�clear� responsi�ilities,� the�wor��procedure�and�managing� line.�The�

organi�ation�chart�shall��alance� the�power,�circumspectl��e�amine�one�another�properl��and�develop� to� the�

sustaina�le�organi�ation.�The�policies�and� the�good�corporate�governance�a�out�anti�corruption�and��ri�er��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 19��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

has��een�enacted�since��th�March�2018�onwards.�At�the�present,�the��ompan��is�considering�cooperating�the�

Government�and�the�related�organi�ations��policies�a�out�anti�corruption.��

Moreover,��Ms.�Ti�ada��uansataporn�has�attended�the�training�“E�P�11�2018�Ethical��eadership�Program�

(E�P)� at� 8th�March� 2018� and�gained� the��etter� understanding�a�out� the�methodolog�� of�organi�ation� fraud�

prevention� and� the� important� role� of� policies� setting,� assigning� and� stimulating� the� transparent� �usiness� of�

which�shall��ring�the�long�term�sustaina�le�compan�.��

The��oard�of��irector�also�considered�and�recommended��the�meeting�to�ac�nowledge�the�performance�

and�important�changes�in�201��as�detailed�in�the�Minutes�of�201��Annual�General�Meeting.�

The� �hairman� allowed� shareholders� to� raise� �uestions� and� comments� regarding� the� �ompan��s�

performance�in�201�.� �Mr.�Thanit�Phuchareon,�a�shareholder�as�ed�a�out� the�decreasing�of� the�profits� from�

2016.�

Mr.� �i�hit� �ao�awornseadthee,� E�ecutive� �irector� and� Senior� �irector� of� �inance� and� Information�

clarified�that��

The�main�reason�of�the�profits�decreased�from�2016,�where�the�profits�was�at��aht�26.3��million,�to��aht�

1�.�2�million�in�201�,�causing�a�out��ath�10�million�difference,�is�that�in�2016�the��ompan��gained�the�profits�

from�the�e�change�rate�and�derivatives�included�in�the�net�profits�at��aht�6.��million�whereas�in�201��the�loss�

from�the�e�change�rate�and�derivatives�is�at�a�out��aht�6.��million,��oth��ears�ma�es�the�difference�at�a�out�

�ath�13�million.��

Mr.� Pongtham� �anwangderm,� �ice� Managing� �irector� and� �ice� �hairman� of� the� E�ecutive� �oard,� also�

e�plained�that���

The��ompan��adapted�in�ris��management�a�out�the�e�change�rate�in�the�first��uarter�which�ac�uired�

the�loss�result.�The��ompan��has�adapted�the�currenc��ris��management��etter.�It�is�widel��seen�that�most�of�

the�companies�in�the�countr��had�applied�the�hedging�strateg��and�there�shall��e�the�hedging�loss�from�ma�ing�

loss�insurance�contract�since�the�currenc��fluctuations�are�ver��strong.��rom�the�second��uarter�onwards,�the�

�ompan��will�close�down�the�currenc��e�change�ris�s�per�each�segmentation�and�per�shipment.�Accordingl�,�it�

is�presumed�that�there�ma��not��e�the�ris�s�causing�the�positive�or�negative�impact�to�the�compan��as�in�the�

past.�It�is�also�considered�the�reflection�of�the�actual�performance�and�the�compan��ma��manage�the�currenc��

e�change�ris���etter.��

The� �hairman� also� allowed� shareholders� to� raise� an�� other� �uestions� �ut� none� was� raised� so� it� is�

considered�that�the�Meeting�ac�nowledged�the��ompan��s�performance�in�201�.��

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��

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��

20�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

�emar��As�this�agenda�item,�onl��re�uires�ac�nowledgement,�there�is�no�need�for�shareholders�to�vote�

on�this�matter.�

Agenda��o��� �o�a��ro�e�the�interim�di�idend��a�ment�

The��hairman�as�ed�the��ompan��Secretar��to�present�the�details�to�the�Meeting�as�follows��

To� compl�� with� the� Section� 11�� � of� Pu�lic� �imited� �ompanies� Act,� �.E.2�3�� (1992).� (Including�

amendment)�(“Pu�lic��imited��ompanies�Act”)�and�the��ompan��s�regulations�no.����indicated�that�the��oard�

of��irector�ma��pa��the�interim�dividend�to�the�shareholders�occasionall��if�the��oard�of�director�has�considered�

that� the� �ompan�� gained� the� proper� profits� to� do� so.� Then,� the� report� shall� �e� issued� to� present� to� the�

shareholders�in�the�ne�t�Meeting.��

The� �ompan�� reported� that� the� interim� dividend� from� earned� surplus� has� �een� allocated� from� 30th�

Septem�er�201��at� rate�of��aht� 0.1��per�share,�ma�ing� the� total�pa�ment��aht�33,��0,�000�at�26th��anuar��

2018.��

The� �oard� of� �irectors� considered� and� recommended� the� shareholders� to� ac�nowledge� the� interim�

dividend�pa�ment�as�detailed�a�ove.�

The� �hairman� allowed� shareholders� to� raise� �uestions� and� comments� and� none� was� raised.� The�

�hairman�as�ed�the�Meeting�to�ac�nowledge�the�interim�dividend�pa�ment.��

�emar���As�this�agenda�no.�onl��re�uires�ac�nowledgement,�there�is�no�need�for�shareholders�to�vote�on�

this�matter.�

Agenda��o��� �o�a��ro�e�the�statement�of�finan�ial��osition�and�the�201���rofits�and�loss�statement�for�the�

�ear�ended��1th��e�em�er�201��

The��hairman�assigned�Mr.��i�hit��ao�awornseadthee,�E�ecutive��irector�and�Senior��irector�of��inance�

and�Information�to�e�plained�the�details�as�follows��

To� compl�� with� the� Section� 112� of� Pu�lic� �imited� �ompanies� Act,� �.E.2�3�� (1992).� (Including�

amendment)�and�the��ompan��s�regulations�no.�39�indicated�that�the��oard�of��irector�shall�provide�the�state�of�

financial�position�and�the�profits�and� loss�statement�at� the�end�of�each�fiscal��ear�and�present�to� the�annual�

Meeting.��

The��ompan��has�concluded�the�state�of�financial�position�and�the�profits�and�loss�statement�for�the��ear�

end�31th��ecem�er�201��as�detailed�in�the�201��Annual�General�Meeting�attached�to�the�notice�of�Meeting.��f�

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��

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������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 21��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

which� report� was� e�amined� ��� the� �ompan��s� authori�ed� auditor� nominated� ��� the� 201�� Annual� General�

Meeting�of�the��ompan�,�supervised�and�approved����the�Audit�committee.�

At� this� event,�Mr.��i�hit� presented� the� conclusion� of� the� statement� of� financial� position� and� the� 201��

profits�and�loss�statement�for�the��ear�end�31th��ecem�er�201��as�follows��

The�result�of�201���ompan��s�performance,�the�num�er�of�the�circulation�is�0.���million�ton,�a�little�higher�

than�2016�and�considered�as�the����of�e�port�percentage.��hile�in�201�,�The�Sale��alue�decreased�from�2016�

to�2.8�,�considered�as� the�9��of�e�port�percentage.�Most�of� the�e�port�products�are�palm��ernel�shell� and�

wood�pallets.�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

22�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

The��ompan��gained�201��Gross�profit��ath�29��million�or� considered�as�gross�profit� rate�2���which�

higher�than�in�2016�at�3�.��

The��ompan��gained�the�201��operating�profit��aht�2��million�or�considered�as�operating�profit�rate�2��

which�no�different�from�2016.�

The��ompan��gained�the�201��net�profit��aht�1��million�or�considered�as�net�profit�rate�1�,�lowering�than�

in�2016�which�was�2�.�The�main�cause�is�the�loss�from�the�e�change�rate�and�derivatives�at�amount�of��aht�6.��

million�while� the�compan��gained� the�profit� from�those� in�2016�at� the�amount�of��aht�6.��million.��esides,� in�

201��and�compared� to� in�2016,� the��ompan��gained�decreased�profit� from� transportation� truc��sale� at� the�

amount�of��aht��.8�million.�

The� �ompan��s� �eturn� on� Assets� in� 201�� is� 2�,� lower� than� in� 2016� which� at� 1.��.� �hereas� the�

�ompan��s��eturn�on�E�uit��in�201��is�11.3�,�lower�than�in�2016�which�was�at��.3��according�the�decrease�of�net�

profit�as�stated�a�ove.��

At�31th��ecem�er�201�,� the��ompan��has� the� total�Assets��ath�809�million,� total� lia�ilities� is��aht� 6�6�

million�and�the�e�uit��is��aht�1�3�million�as��e�t�to�e�uit��ratio�at��.29�times.�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 23��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

The�Assets�chart�in�201��showed�most�of�the�chart�is�inventor��at��2�,�increasing�from��ear�2016�at�1��,�

dividing� as� the� fi�ed� assets� 3��� which� are� the� land,� �uildings,� goods� �ard,� heav�� e�uipment� and� sorter�

machines.��

The�num�er�of�de�tor�is�at�11�,�decreased�from�last��ear�at����from�the�faster�de�t�collection,�from�3��

da�s�to�32�da�s.��

The��ompan��s�li�uidit��ratio�is�at�0.���times,�a��it�higher�than�last��ear.�

��

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��

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��

2��������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

The��ia�ilities�chart�in�201��showed�most�of�the�chart� is�operating��oans�at�86�,�the�creditor�is����and�

others.�The�ratio�is�appro�imate�the�last��ear�s.��

The��ompan�� has� the� interest� converage� in�201�� at� �0.9� time� since� the� statement� of� cash� flow� of� the�

compan�� is� in�deficit� from� the� increase�of� the�num�er�of� the� inventor�� in��ang��ung�warehouse� �which� full��

launched�in�201��to�support�the�growth�of�the��ompan�.�

�ist�

Total��onsolidated��inancial�

Statement�

Total�Separated��inancial�

Statement�

201�� 2016�(�pdated)� 201�� 2016�(�pdated)�

Total�Assets��

(Million��aht)�

808.��� �61.98� �0�.�1� ��3.0��

Total��ia�ilities�

(Million��aht)�

6��.�3� 628.�1� ���.�6� 603.89�

E�uit���(Million��aht)� 1,�2.92� 133.2�� 1�0.06� 139.19�

Total�revenue�(Million��aht)� 1,2�6.06� 1,29�.83� 1,1��.3�� 1,1�0.12�

�earl��profit�(Million��aht)� 1�.�2� 26.3�� �.9�� �2.36�

Ma�or�shareholder�profit�(Million�

�aht)�1�.63� 26.18� �.9�� �2.36�

Profit�per�share�of�ma�or�

shareholder��(Million��aht)�0.0��� 0.1�2� 0.03�� 0.3���

�esolution�of�the�meeting��The�Meeting�approved�the�statement�of�financial�position�and�the�201��profits�

and�loss�statement�for�the��ear�ended�31th��ecem�er�201�,�having�a�details�as�follows��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 2���

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

�ote� �um�er�of��otes� �er�entage�

Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

�emar�� This� agenda� item� must� �e� approved� ��� the� ma�orit�� vote� of� the� shareholders� attending� and�

eligi�le�to�vote�at�the�Meeting.�

� In�this�agenda,� the� total�num�er�of�shares�was�increased� from�the��eginning�of� the�Meeting�to�

93,900,� counted�as� 93,900� votes.� Therefore,� the� num�er� of� the� votes� from� the� shareholders� and� pro�ies� is�

212,3�2,106.��

Agenda��o���� �o��onsider�and�a��ro�e�the�reser�e�of��rofit�as�the��a�ital�reser�es�a��ording�to�the�la��and�

non�allo�ation�of�di�idend�for�the��ear�201��

The��hairman�as�ed�the��ompan��Secretar��to�present�the�details�to�the�Meeting�as�follows��

To� compl�� with� the� Section� 116� of� Pu�lic� �imited� �ompanies� Act,� �.E.2�3�� (1992).� � (Including�

amendment)� and� the� �ompan��s� regulations� no.� ��� indicated� that� the� �ompan�� shall� reserve� some� of� the�

annual�net�profit�as�capital�reserve�at�least���percent�of�the�total�net�profit�after�deducted�with�the�loss��rought�

forward� (if� an�),� until� the� capital� reserve�has��een� increased�not� less� than�10� percent� of� the� amount� of� the�

registered�capital.��

As�the�net�profit�of�the��ompan��s�performance�for�the�fiscal��ear�ended�on��ecem�er�31st,�201��is��aht�

�,9�1,123,�and�the�capital�reserves�according�to�the�law�is��aht��,600,000�which�is�not�enough�10�percent�of�

the�amount�of� the� registered�capital.� The�Meeting�were�as�ed� to�approve� the�profit� allocation� to� the� capital�

reserve�at�the�amount�of��aht��00,000,�ma�ing�a�toatal�capital�reserves�according�to�the�law�to��aht�6,100,100.��

According�to�the��ompan��s�polic�,�the�dividend�pa�ment�shall��e�allocated�at�least��0�percent�of�the�net�

profit�of�separate� financial�statement�after�deducted�as� reserves�stated����the� laws.��owever,�all� the� factors�

shall��e�considered� to�allocate� the�dividend�such�as�the��usiness�e�pansion,� the�need�of�use�of� the�capital,�

li�uidit��and�other�related�factors.�The�dividend�pa�ment�must��e�approved����shareholders�e�cept�the�interim�

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��

26�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

dividend�pa�ment�which� the��oard�of� director�have� the�authorit�� to� approve� the�pa�ment�when� the�profit� is�

reasona�le�and�enough�to�do�so.�Then�the�reported�shall��e�presented�to�the�ne�t�Meeting�of�shareholders.�The�

Polic��is�enacted�from��th�March�201��onwards.��

�owever,�the��ompan��needs�to�e�pand�the��usiness,�so�Meeting�was�as�ed�to�consider�and�approve�not�

to�allocate�dividend�pa�ment�for��ear�201�.�

The� �oard� of� �irector� as�ed� the� Meeting� to� approve� the� profit� allocation� from� the� 201�� �ompan��s�

performance�at��ear�ended�31th��ecem�er�201��to�the�capital�reserve�according�to�the�law�and�not�to�allocate�

dividend�pa�ment�as�stated�a�ove.��

The��hairman�allowed�shareholders�to�raise��uestions�and�comments�a�out�the�agenda.��

�Mr.�Thanit�Phuchareon,�a�shareholder�as�ed�a�out�the�reason�not�to�allocate�the�dividend�pa�ment�while�

the��ompan��gained�the�profit�in�201�.��

Mr.�Apisit��u�i�eat�am�orn,��hairman�of�the��oard�of��irector�e�plained�as�follows��

Asia� �iomass� Pu�lic� �ompan�� �imited� has� run� the� �usiness� for� more� than� 60� �ears� and� gained� the�

retained�earnings.�The�retained�earnings�has��een�used�to�e�pand�the��usiness�continuall�.�The�dividend�has�

�een�paid�and� suspended� according� to� the�need� per� each��ear.� Therefore,� the� retained� earnings� from� the�

�usiness�operation��elongs�to�the�principle�shareholders.�As�the��ompan��offered�to�trade�shares�to�pu�lic�and�

registered� in� the� stoc�� e�change� as� a� listed� compan�,� the� other� companies� also� paid� the� dividend� to� the�

principle�shareholders�as�to�return�the�retained�earnings�to�their�principle�shareholders��efore�starting�to�collect�

the�new�retained�earnings�after��ecoming�the�pu�lic�limited�compan�.��

This��ear,�the��ompan��earned�the�profit�onl���aht�1��million.�According�to�the�e�planation�of�the�Manager�

�irector�that�this��ear�the��ompan��plan�to�e�pand�the�upstream�chain,� in�other�word,�The��ompan��will�not�

onl��constantl�� trade�of�which�using�onl��the�wor�ing�capital��ut�also� invest� in� factories,�machines,� land�and�

others.�The�investment�needs�more�financial�support�from�the�financial�institution�where�the�de�t�to�e�uit��ratio�

shall��e�issued�under�consideration.�If�the��ompan��does�not�have�enough�capital,�the�num�er�of�the�let�loan�

will� �e� decreased.� As� a� result,� to� reserve� the� profit� will� �roaden� more� opportunities� to� ac�uire� more� loan,�

investments�and�profits.��

This��ear�is�the�first��ear�for�the��ompan��in�the�e�change�mar�et�and�the��usiness�has��ust�started�so�the�

demand�is�not�high�at�the�present.�It�is�at�the��eginning�state�of�using�the��iomass�fuel�according�to�the�Paris�

Agreement.��ence,�the�use�of��iomass�fuel�is�not�operated�constantl���ut�needed�to��e�prepare.�As�stated,�the�

�ompan��has�prepared�the�issue�for�man���ears�and�some�has��een�completed.�Such�action�will�provide�more�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 2���

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

opportunities�for�mar�eting�competition.�This�is�the�reason�that�the��ompan��has�increased�the�investment�as�

per�the�sta�ilit��of�the�products�to��e�sold.��

�esolution�of�the�meeting��The�Meeting�approved�the�reserve�of�profit�as�the�capital�reserves�according�to�

the�law�and�non�allocation�of�dividend�for�the��ear�201�,�having�a�details�as�follows��

�ote� �um�er�of��otes� �er�entage�

Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

�emar��This�agenda�no.�must��e�approved����the�ma�orit��vote�of�the�shareholders�attending�and�eligi�le�

to�vote�at�the�Meeting.��

� In�this�agenda,� the� total�num�er�of�shares�was�increased� from�the��eginning�of� the�Meeting�to�

93,900,� counted� as� 93,900� votes.� Therefore,� the� num�er� of� the� votes� from� the� shareholders� and� pro�ies� is�

212,3�2,106.��

Agenda��o��� �o��onsider�and�nominate�the�dire�tors�in�re�la�ement�of�those�retiring����rotation�

The��hairman��as�ed�the��ompan��Secretar��to�present�the�details�to�the�Meeting�as�follows��

�or� the� e�uivalent� num�er� of� the� shares� and� votes� in� this� agenda,� The� �ompan�� will� suspend� the�

registration�to�attend�the�Meeting�until�the�end�of�this�agenda�as�to�count�the�clear�and�correct�num�er�of�the�

votes.�In�this�event,�the�retiring�directors�were� invited�to� leave�the�Meeting��efore�considering�the�agenda�as�

follows��

�efore�considering�the�agenda�as�follows��

1.�Mr.�Panom���uansataporn� � �irector��Mem�er�of��omination�and��ompensation��ommittee��

�2.�Mrs.��atpapha��uansataporn� ��ice� �hairman� of� the� �oard� of� �irector��irector�� Managing����

�irector�

The��hairman�informed�the�meeting�that�according�to�Section��1�of�the�Pu�lic��imited��ompan��Act�and�

the��ompan��s�regulations�no.�1��stated�that�in�each�annual�general�meeting�of�shareholders,�one�third�of�the�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

28�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

total�num�er�of�the�directors�must�retire����rotation.�In�the�case�that�the�num�er�of�directors�cannot��e�divided�

into�3�proportions,�the�closest�num�er�of�directors�to�one�third�shall�retire.��irectors�who�retire����rotation�could�

�e�re�elected.��

In�the�2018�Annual�General�Meeting,�there�are�2�directors�who�shall�retire����rotation,�namel��

�o�� �ire�tors��ho�shall�retire��

���rotation�

�osition� �imes�to�attend�

Board�s�

Meeting�in��

201��

�imes�to�attend�

Su��Board�s�

Meeting�in�

201��

�he�num�er�of�

�ears�in�the�

�osition�

1.� Mr.Panom���uansataporn� �irector��Mem�er�of�

�omination�and�

�ompensation��������

�ommittee�

8�8� 3�3�� 1�

2.� Mrs.��atpapha�

�uansataporn�

�ice��hairman�of�the�

�oard�of�

�irector��irector�

8�8� 12�12��� 1�

�emar�� ��The��Meeting�of��omination�and��ompensation��ommittee�

� ���The�Meeting�of�Managing��irector��ommittee�

The� �omination� and� �ompensation� �ommittee� has� considered� the� �ualification� of� directors� who� will�

retire����rotation�according�to� the�2018�Annual�General�Meeting,�as�the�details�attached�to�the�notice�of� this�

Meeting.�The�two�directors�are��ualified�as�having�the�s�ills,�e�periences�and�e�pertise�of�which�will��e�useful�to�

the� �ompan��s� operation.� The� �omination� and� �ompensation� �ommittee� has� considered� �oth� person� as�

�ualified� and� not� having� propert�� �ualification� for�idden�according� to� the� Pu�lic� �imited� �ompanies� Act,�

�.E.2�3�� (1992).� � (Including� amendment),� the� Securities� and� E�change� Act� �.E.2�3�� (1992).� � (Including�

amendment)�and�all� the�related�proclamation.��ence,� the��ommittee�as�ed� the�Meeting� to� re�nominate��oth�

directors�to�the�same�position�for�another�rotation.��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 29��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

The��ommittee�as�ed�the�Meeting�to�re�nominate��oth�directors�to�the�same�position�for�another�rotation�

namel���

1.�Mr.Panom���uansataporn� � �irector��Mem�er�of��omination�and��ompensation��

�ommittee��

2.�Mrs.��atpapha��uansataporn� � �ice��hairman�of�the��oard�of��irector��irector��

The� �hairman� allowed� shareholders� to� raise� �uestions� and� comments� and� none� was� raised.� The�

�hairman�as�ed�the�Meeting�to�consider�and�approve�nominate�the�directors�in�replacement�of�those�retiring����

rotation�and�re�nominate��oth�of�them��ac��to�the�same�position�as�stated�a�ove.�

The� �hairman� allowed� shareholders� to� raise� �uestions� and� comments� and� none� was� raised.� The�

�hairman�as�ed�the�Meeting�to�consider�and�approve�nominate�the�directors�in�replacement�of�those�retiring����

rotation.�

�esolution�of�the�meeting�The�Meeting�approved�the�nomination�of�the�directors�in�replacement�of�those�

retiring����rotation,�having�a�details�as�follows��

Mr.� Panom� �uansataporn� has� �een� nominated� as� �irector� and� Mem�er� of� �omination� and�

�ompensation��ommittee�with�the�num�er�of�the�votes�as�follows��

�ote� �um�er�of��otes� �er�entage�

Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

Mrs.��atpapha��uansataporn�has��een�nominated�as��ice��hairman�of�the��oard�of��irector�and�

�irector�with�the�num�er�of�the�votes�as�follows��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

30�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

�ote� �um�er�of��otes� �er�entage�

�Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

�emar��This�agenda�item�must��e�approved����the�ma�orit��vote�of�the�shareholders�attending�and�eligi�le�to�

vote�at�the�Meeting.�

In� this�agenda,� the� total�num�er�of�shares�was� increased� from� the��eginning�of� the�Meeting� to�93,900,�

counted�as�93,900�votes.�Therefore,�the�num�er�of�the�votes�from�the�shareholders�and�pro�ies�is�212,3�2,106.��

Agenda��o������ �o�a��ro�e�the�dire�tors��remuneration�for��ear�2018�

The��hairman��as�ed�the�Mr.�ichai�Porn�eeratiwat,��irector,�Independent��irector,�Audit��ommittee�and�

�hairman�of�the��omination�and��ompensation��ommittee�to�present�the�details�to�the�Meeting�as�follows��

According� to� Section� 90� of� the� Pu�lic� �imited� �ompan�� Act� and� the� �ompan��s� regulations� no.� 22�

specified�that�the�director�s�remuneration�must��e�approved����the�Meeting�of�shareholders.��

The��omination�and��ompensation��ommittee�had�thoroughl��considered�all�the�appropriateness�in�all�

factors� such� as� the� �ompan��s� performance� and� the� �ompan�� organi�ation� si�e� regarding� the� proper� and�

accordance� with� the� dut�� and� responsi�ilities� of� the� �ompan��s� �oard� of� �irectors� and� su��directors,� ���

comparing�and�referencing�the�director�and�su��director��remuneration�of�the�companies�in�the�same�industr�.�

Therefore,�the�committee�as�ed�the�Meeting�to�approve�the�director�and�su��director��remuneration�in�2018�at�

the�amount�of�not�over��aht��,000,000.��

� �he��om�an��s�Board�of�dire�tors�

�� �hairman�of�the��oard�of��irector�received�the�remuneration�at��aht�2�,000�per�month�and�the�

Meeting�allowance��aht�2�,000�per�time.��

� �he�Audit��ommittee�

�� �hairman�of�the�Audit��ommittee�receives�the�Meeting�allowance��aht�2�,000�per�time.��

�� �ice��hairman�of�the�Audit��ommittee�receives�the�Meeting�allowance��aht�20,000�per�time.��

� �he��omination�and��om�ensation��ommittee�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 31��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

�� �hairman�of� the��omination� and��ompensation��ommittee� receives� the�Meeting� allowance�

�aht�2�,000�per��ear.��

�� �ice� �hairman� of� the� �omination� and� �ompensation� �ommittee� receives� the� Meeting�

allowance��aht�20,000�per��ear.��

The�e�ecutive�directors�shall�not�receive�an��remuneration.��

The�amount�of�the�director�and�su��director�s�remuneration�as�stated�a�ove�is�not�over��,000,000�and�

there�shall�not��e�an��remuneration�allocated�to�other�committees�not�listed�a�ove.�

The� director� and� su��director�s� remuneration� in� 2018� consisting� of� monthl�� remuneration,� meeting�

allowance�and�pension,�is�3,�3�,000��aht.��

The��hairman�allowed�shareholders�to�raise��uestions�and�comments�a�out�the�agenda.��

Mr.�Thanit�Phuchareon,�a�shareholder�as�ed�whether�the�directors�who�receive�the�remuneration�ever��

month�are�e�ecutive�directors�or�not.��

Mr.Pongtham� �anwangderm,� �eput�� Managing� �irector� and� �ice� �hairman� of� the� E�ecutive� �oard�

e�plained�as�follows��

The�approval�of�this�agenda�is�the�approval�of�the�remuneration�for�the��irectors�onl��not�for�E�ecutive�

�irectors.��

The��hairman�allowed�shareholders�to�raise��uestions�and�comments�and�none�was�raised.�The�

�hairman�as�ed�the�Meeting�to�consider�and�approve�the�directors��remuneration�for��ear�2018.��

�esolution�of�the�meeting��The�Meeting�approved�the�directors��remuneration�for��ear�2018.,�having�a�the�

num�er�of�votes�as�follows��

�ote� �um�er�of��otes� �er�entage�

Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

� �emar��This�agenda�item�must��e�approved����the�ma�orit��vote�of�the�shareholders�attending�and�

eligi�le�to�vote�at�the�Meeting.�

In�this�agenda,�the�total�num�er�of�shares�was�increased�from�the��eginning�of�the�Meeting�to�93,900,�

counted�as�93,900�votes.�Therefore,�the�num�er�of�the�votes�from�the�shareholders�and�pro�ies�is�212,3�2,106.��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

32�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

Agenda��o�8���o��onsider�and�a��ro�e�the�auditors�and�fi��the�audit�fee�for�the��ear�201��

The��hairman��as�ed�the��r.�Sarit���hoc�chainiran,��irector,�Independent��irector�and��hairman�of�the�

Audit��ommittee�to�present�the�details�to�the�Meeting�as�follows��

According� to� Section� 120� of� the� Pu�lic� �imited��ompan��Act� and� the��ompan��s� regulations� no.� 36�

specified�that�the�annual�general�meeting�of�shareholders�must�appoint�the�auditors�and�determine�the�audit�fee�

of�the��ompan��ever���ear.�The�auditors�can��e�re�nominated.��

�ue� to�manpower�pro�lem�of� the� former�Audit� compan�,� the� new�auditors�are� re�uired.�So� the�Audit�

�ommittee�had�considered�and�selected�the�2�auditors�for��ear�2018�from�the�auditors�listed�in�the��uotation�

su�mitted� to� the� �ompan�.� � After� the� �irector�s� meeting� has� considered� and� approved� all� the� auditors��

�ualifications,� The� Meeting� were� as�ed� to� approve� and� nominate� the� auditors� from� �r.�irat� �� Associates�

�ompan���imited,� the��ompan��s�Audit�compan�,� for� the��ear�end�31th��ecem�er�201�.�The��ompan��has�

nominated�one�of�the�auditors�listed��elow�to�inspect�and�comment�on�the��ompan��s�financial�statement,�the�

list�is�as�following��

1.� Mr.�irat�Apimetheethamrong� �ertified�Pu�lic�Accountant��o.�13�8�and�or�

2.� Mr.�ha�a�orn��onpitipongsa� �ertified�Pu�lic�Accountant��o.3196�and�or�

3.� Mr.Apira���Ati�anuwat� � �ertified�Pu�lic�Accountant��o.��202�and�or�

�.� Mr.Preecha��Suan� � �ertified�Pu�lic�Accountant��o.�6�18�

�owever,�if�the�auditors�listed�a�ove�are�not��e�a�le�to�carr��the�dut�,��r.�irat���Associates��ompan��

�imited�shall�provide�an��other�auditors�who�has�the�e�ual��ualifications�as�the�replacement.��

�esides,� the� auditors� from� the� �ompan��s� domestic� su�sidiar�� will� audit� the� same� compan�� as� the�

�ompan�.�And�for�the�international�su�sidiar�,�the�directors�are�in�charge�to�have�the�audit�completed�in�time.��

Moreover,�the�Meeting�was�as�ed�to�approve�the�remuneration�for�the�annual�audit�and��uarterl��review�

fee� of� �ear� 2018.� The� total� num�er� of� consolidated� and� separated� financial� statement� is� 1,6�0,000� �aht�

e�cluded�other�non�audit�fee�services.�

The� remuneration� for� the�annual� audit�has� increased��aht��0,000�or� 3.12�� from� last��ear� due� to� the�

increased�tas�s.��owever,�this�remuneration�e�cluded�other�non�audit�fee�services.��

The�nomination�of� the��ompan��s�auditors�and� the�audit�s� remuneration�had��een�approved� from� the�

Audit� committee� as� the� Audit� committee� considered� the� auditors�� �ualifications� and�wor�� e�periences,� also�

�r.�irat���Associates��ompan���imited�is�a�free�compan�,�an�audit�e�pert�together�with�the�reasona�le�audit�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 33��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

fee.���esides,�all�the�auditors�do�not�have�an��relation�or�gain�an��advantages�from�the��ompan�,�su�sidiaries,�

directors,�managing�directors,�ma�or�shareholders�or�an��person�related�to�all�mentioned��efore.�� �

The��oard�of��irectors�as�ed�the�meeting�to�approve�the�auditors�and�fi��the�audit�fee�for�the��ear�2018.�

The� �hairman� allowed� shareholders� to� raise� �uestions� and� comments� and� none� was� raised.� The�

�hairman�as�ed�the�Meeting�to�consider�and�approve�the�auditors�and�fi��the�audit�fee�for�the��ear�2018.�

�esolution�of� the�meeting��The�Meeting�approved�the�auditors�and�fi��the�audit�fee�for� the��ear�2018,�

having�a�the�num�er�of�votes�as�follows��

�ote� �um�er�of��otes� �er�entage�

Approve� 212,32�,106� 100.0000�

�isapprove� 0� 0.00�

A�stain� 0� ��

�oided��allot� 0� ��

Total�3��shareholders� 212,32�,106� 100.0000�

�emar��This�agenda�item�must��e�approved����the�ma�orit��vote�of�the�shareholders�attending�and�eligi�le�to�

vote�at�the�Meeting.�

In�this�agenda,�the�total�num�er�of�shares�was�increased�from�the��eginning�of�the�Meeting�to�93,900,�

counted�as�93,900�votes.�Therefore,�the�num�er�of�the�votes�from�the�shareholders�and�pro�ies�is�212,3�2,106.��

Agenda��o����o��onsider�other�issues�

The��hairman�had�interrogated�whether�should�there��e�an���uestions�or�opinions.���

Mr.�Thanit�Phuchareon,�a�shareholder�as�ed�a�out�the�estimated�revenue�in�2018.��

Mr.� Pongtham� �anwangderm,� �ice� Managing� �irector� and� �ice� �hairman� of� the� E�ecutive� �oard�

e�plained�as�follows��

�or� �ear� 2018,� the� �ompan��s� revenue� can� �e� divided� into� 2� parts,� sale� price� and� sale� �uantit�� as�

planned.��

1)��or�the�sale�price,�the��ompan��e�pects�sale�to�grow�30��and�more�from�international�e�port�for��oth�

wood�pallets�and�palm��ernel� shell�and� from�domestic�products,�chopped�wood�and�palm��ernel� shell.� The�

�ompan��e�pected�that�the�sale�of�palm��ernel�shell�will��e�increased�in�the�second��uarters�onwards�as�the�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

3��������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

num�er�of� palm��ernel� shell� product� increased�and� the��ompan�� itself� has� a� lot� of� the�merchandise� in� the�

warehouse.��ence,�the��uantit��of�the�palm��ernel�shell�is�enough�to�compete�in�the�mar�et.�2)�The�sale�price�of�

palm��ernel�shell�will�affect�the��ompan��s�circulation�as�its�price�has�decreased�according�to�the�crude�palm�

oil� price� or� the� products� from� palm� at� the� present.� So� this� ma�es� the� circulation� fluctuated.� �owever,� the�

marginal�difference�has�not��een�changed�much�if�it�was�calculated�from��aht�to�ton��ut�for�the�sale�price�issue�

will��e�ad�usted�according�to�the�mar�et�periods.�The��ompan��can�manage�the�Tonnage����accelerating�the�

circulation�and�mar�eting.�And�with�e�treme�efforts�of�the�team,�the��ompan��will�grow�as�planned.��

Mr.�Thanit�Phuchareon,�a�shareholder�as�ed�another��uestion�whether�the�turnover�for�the�fist��uarter�still�

has�not�met�the�aim�or�not.��

Mr.� Pongtham� �anwangderm,� �ice� Managing� �irector� and� �ice� �hairman� of� the� E�ecutive� �oard�

e�plained�as�follows��

Since�the�demand�of�the�agricultural�products�was�low�in�the�first��uarter,�the��ompan�,�of�which�in�the�

agricultural��usiness,�could�not�avoid� the�natural� factors�occurring� to�agricultural�products,�especiall��palm.�

Two��ears�ago,�at�the�first��uarter,�the��ompan��gained�the�loss�turnover�and�a�little�amount�of�profits�for�the�

first��uarter�of�last��ear.�So,����comparing�to�the�past,�the�present�turnover�is�accepta�le.��

�esides,�in��e�ruar�,�the��ompan��has�informed�the�stoc��e�change�a�out�the�fire�accident�occurring�at�

the� su�sidiar��s� warehouse� in� �intulu,� Mala�sia.� It� was� damaged� and� the� �ompan�� as�ed� the� insurance�

compan�� for�almost� full� recover�damage.�At� the�present,� the�auditors�are�wor�ing� in� the�evaluation�process,�

considering��whether�to�record�this�additional�issue�in�which�mean.��

Mr.Teerasa��Petchpai�oon,�the�legal�advisor,�has�e�plained�this�as�follows��

According� to� the� law,� the� former� auditor� or� M.�.� �� Associates� compan�� limited� is� responsi�le� for�

attending� the� Meeting� to� answer� the� �uestions� of� the� shareholders.� �owever,� as� the� �ompan�� had� �een�

informed� that� the� former� auditor� is� having� the� health� pro�lem� and� not� �eing� a�le� to� present� himself� to� the�

Meeting�hence,�the�Meeting�will�record�the�minute�of�Meeting�and�inform�the�Thai�Investors�Association�that�the�

�ompan��has�invited�the�auditor�and�su�mitted�the�completed�documents�as�to�prevent�the�points�to��e�cut�off�

according�the�good�governance�polic�.��

Mr.�Pi�anant�Pomthong,�a�shareholder�as�ed�how�the��ompan��protects�the�merchandise� from�fire�or�

loss�in�transportation�

Mr.�Apisit��u�i�eat�am�orn,��hairman�of�the��oard�of��irector�e�plained�as�follows��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 3���

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

Generall�,� the� �ompan�� has� the� securit�� measure� since� its� �usiness� is� the� fuel� �usiness� of� which�

flamma�le,� for�e�ample,� the�palm��ernel�shell,� if� the��have��een�piled�up�for�a�certain� time,� there�will��e�an�

internal�com�ustion�when�the�heat�reaches�an�autoignition�point��hence,� the�warehouses�in�Thailand�e.g.� the�

warehouse�in�amphur��angnam�eud,�Samutsa�orn�province,�the�warehouse�in�amphur��angpra�ong,��hon�uri�

province,�the�warehouse�in��ang�ung,�Suratthani�province,�all�have�the�methods�to��eep�the�merchandise,�for�

e�ample,� reverse� the� piles,� sprin�le� water� to� maintain� the� temperature� not� to� reach� the� auto� ignition� point.�

Sometimes�when�the�weather�is�too�hot,�some�accumulated�heat�points�ignite,�the�fireman�will�e�tinguish�the�fire�

in�time.��

Mr.� Pongtham� �anwangderm,� �ice� Managing� �irector� and� �ice� �hairman� of� the� E�ecutive� �oard�

additionall��e�plained�as�follows��

The��ompan��compl�� the��ccupational�Safet��and��ealth� and� IS����� arrange� the�placement� of� the�

warehouse� carefull�� in� order� to� control� the� fire,� together� with� the� reverse� standards� and� the� emergenc��

encounter�standards.��or� the� fire�accident� in��intulu,� it�was� the��ompan��s� first� fire� in� foreign�countries.�The�

incident� occurred� in� the� warehouse� at� round� 1� A.M.,� in� an� open� air� not� affecting� the� communit�.� After� the�

incident,�the��ompan��has�reviewed�and�ad�usted�the�new�policies�in�order�to�prevent�the�same�incident.�The�

new�policies�were�enacted�strictl�� in�each�warehouse,�not�onl��in��intulu��hence,� it� shall��e�assured� that� the�

same��ind�of�incident�would�happen�the�least�from�now�on.��

�The��ompan��values�the�safet��measures.�In�the�past��ear,�there�were�some�staff�who�did�not�compl��

the��ompan��s�regulations����smo�ing�in�the�warehouse.�So�the��ompan��followed�the�regulations�and�strictl��

punished� them����dismissal.�Since� the��ompan��s��usiness�a�out� fuel�are� in� the�high�ris��of� fire,�so� it�must�

compl��to�the�regulations�strictl��in�order�to�protect�from�the�ris�s.��or�the�incident,�the��ompan��is�insured�for�

the�damage�which�might�occur��hence,� if� the� incident�occurs�the��ompan��will�as��for�recover�damage.�The�

clarit��of�recovering�damage�from�the�insurance�compan��shall��e�completed�in�the�second��uarter,�later�on�

informed�to�the�shareholders.��

Mr.�Thanit�Phuchareon,�a�shareholder�as�ed�a�out�the�opinions�from�the�auditors�a�out�how�to�record�

the�loss�e�pense.���

Mr.�Apisit��u�i�eat�am�orn,��hairman�of�the��oard�of��irector�e�plained�as�follows��

The�issue�in�under�the�auditors��consideration�so�the��ompan��is�una�le�to�answer.��

Mr.��eeresamon�Tovi��ai,�a�shareholder�as�ed�the��uestions�as�follow��

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

��

36�������������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders������������� ��

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

1.��ow�does�the��ompan��plan�to�recuperate�in�this��ear��Are�there�an��new�plans�to�urge�the�share�

price�to��e�in�accordance�with�the�mar�et�price��

2.�Are�there�an��other�ris�s�to��e�informed�the�Meeting��And�how�does�the��ompan��manage�them��

Mr.� Pongtham��anwangderm,��eput��Managing��irector� and� �ice� �hairman� of� the�E�ecutive� �oard�

additionall��e�plained�as�follows��

All�the�ris�s�were�informed�and�e�plained�in�the��ompan��s�registration�statement�and�prospectus.�There�

were�3����main�ris�s�as�follows��

�irst,�The��ompan��s��usiness� is��iomass� fuel�which� related� to�agricultural�product�and�of�which� the�

Managing��irectors�and�the�E�ecutive��oard�cannot�control�the�material�price�or�the�product�price.�The�e�treme�

change�of��iomass�product�price�ma��affect�the��ompan��s�turnover.��

Second,�The�ris��from�the�fluctuation�of�currenc��e�change�rate��Since�the��ompan��runs�the��usiness�

overseas�and�record�and�close�the�statement����converting�to�Thai��aht,�there�shall�affect�this�part�of�which�has�

�een�insured.��owever,�the��ompan��has�evaluated�that�at�the��eginning�of�the��ear,�there�shall��e�the�some�

effects�from�dollars�of�which�has��een�insured�the�ris��not�over��0��of�the�effects,�there�might�affects�the�result�

in� the� same� �uarter� and� �e� recorded� according� to� the� accounting� standard� as� the� high� fluctuation� of� the�

currenc��e�change.�Therefore,�what�the��ompan��will�gain�shall��e�cut�off�through�all��ear.��

Another�ris��is�the�ris��from�fire�and�the�transportation�accident.��or� this�case,�the��ompan��has��een�

insured�carefull��and�thoroughl�����evaluate�the�worthiness�of�insurance�premium�of�which�the��ompan��will�

gain.��or�another�ris��is��low�ris�s�such�as�financial�ris��which,�after�the��ompan��earned�from�the�Initial�Pu�lic�

�ffering,�it�came��ac��to�the�good�state�and�managea�le�level.�Therefore,�the�ris��was�considered�managea�le.��

A�out�the�share�price,�it�is�out�of�control�or��eing�unmanagea�le.�The�onl��thing�the��ompan��shall�do�is�

that�the�E�ecutive��oard�shall�ma�e�an�effort�to�run�the��usiness�as�the�approved�plans�from�the�shareholders�

and�the��irector�s�Meeting�to�ma�e�the�turnover�grow�and�remunerate�to�the�shareholders�as�informed.��

�or� the� another� plan� as� informed� in� the� registration� statement� and� prospectus,� the� �ompan�� is� now�

�uilding� the�chopped�wood� factor�,� it�has��een�alread�� invested�and�e�pected� to��e� full��completed� in� the�

second��uarter.�This�will�increase�the�profits�from�the�chopped�wood�s�circulation�and�add�the�price�difference�

for�the��ompan��in�the�second��uarter.��

�esides,�The��ompan��is�in�the�process�of�wood�pallets�production�of�which�the�mar�et�is�lac���ecause�

it�is�difficult�to�provide,�store�an�e�port.�Therefore�in�the�first�and�second��uarters,�the��ompan��gained�profits�

from� the� increasing� wood� pallets�� circulation.� The� e�port� rate� is�more� than� �0��of� the� wood� pallets� e�port�

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��

���� � � ����Asi���i���ss�����i�����������i�i�����

������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders��������� 3���

No. 273/2 ���� �� �o��� ����� ���� ���� ���� ������ �����o� �����

���. ��2����3��� ��� ��2�������2 �����si��i���ss����

�o��o���� ����������o� �o� ���7���������

Enclosure�1�

mar�et� share� in�Thailand.� The��ompan��also� co�invested�with� the�sawmill� compan�,��anc���ood� Industries�

Pu�lic��ompan���imited,�the�large�sawmill�which�produce�a�lot�of�wood�waste�of�which�is�the�main�material�for�

wood� pallets.� The��ompan�� aims� to�purchase� and� suppl��wood� pallets� from� the�mentioned�compan�.� It� is�

e�pected�that�the�wood�pallets�compan��shall��e�esta�lished�within�this��ear�and�made�the�higher�turnover�of�

the��ompan�.��

The��hairman� had� interrogated�whether� should� there� �e� an�� �uestions.� � Since� there� was� no� further�

�uestion�raised����an��shareholders,�the��hairman�then�declared�the�meeting�ad�ourned�at���.���P.M.��

� � � � � � � � �

� � � � � � � � � � � ��hairman�

� � � � � � � ���������(Mr.Apisit��Su�i�eat�am�orn)�

� � � � �ompan��Secretar��

(Mrs.�.Apiratee�Sa�ulin)��

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E�����������

38�������������Invitation�to�the������Annual�General�Meeting�of�Sharehol�er�����������������

Annual�re�ort�for�the��ear�������

an��the�State�ent�of��inan�ial��o�ition��

an��the��rofit�an���o���State�ent�for�fi��al��ear�en�e������e�e��er�������

htt����������et�or�th��et�t����eeting�o�u�ent��o�����ol�A�M��ate��������

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Enclosure�3�

Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders�������������������

Profiles�of�the�persons�who�would�be�retired�

by�rotation�and�are�nominated�as�directors�for�another�term�

Education�

�� Master�of�Logistics�Management,�University�of�Sydney,�Australia.�

�� Bachelor�of�Business,�University�of�Technology,�Australia.�

Training�

�� Young��.T.I�Elite��,��The��ederation�of�Thai�Industries�

�� Ethical�Leadershi���rogram��EL���EL����������

�� �irector�Accreditation��rogram��A����lass�����������

�� �uture�Entre�reneurs��orum��E���lass��������

�� TL�A�E�ecutive��evelo�ment��rogram�E�����lass�����

�� Boiler�Technology��ourse,�Mahana�orn�University�of�Technology�

�� Talent�Management�Strategy�����,�T���rogress�

�or��E�perience�

201�����resent�� ��� �irector�of�ABM��ellets��o.,�Ltd�

201�����resent� ��� �hief�E�ecutive��fficer�of�Asia�Biomass��u�lic��om�any�Limited�

201�����resent� ��� �irector�of�Asia�Biomass��esources�S��.�B��.�

201�����resent�� ��� �om�any��irector�of��Asia�Biomass�Energy�S��.�B��.�

201�����resent�� �� �irector�of�Sinmahachai�attana��o.,�Ltd��

2013����resent� ��� �irector�of���T.�Asia�Biomass�Indonesia�

�iss�Tiyada��uansataporn�

�irector���Managing��irector���Authori�ed��irector���

�hief�E�ecutive��fficer�

�ate�of�A��ointment�to��e�a�Board�of��irector��

13��uly��201��

Term�of��irectorshi������years�

Age�32�year�old�

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Enclosure�3��

����������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders�������������

201�����resent� ��� �irector�of��atha�hat�attana��o.,�Ltd��

2012����resent�� ��� �irector�of�Asia�Biomass��u�lic��om�any�Limited�

2009����resent�� ��� �irector�of��.�.��evelo�ment��o.,�Ltd�

200����resent�� ��� �irector�of���a�ra�at��o.,�Ltd�

200�����resent�� �� �irector�of���orn�reecha���o.,�Ltd������������

200�����resent�� ��� �irector�of�Asia�Biomass��u�lic��om�any�Limited�

�ther�directorship�positions���other�positions�at�present��

�ubsidiaries��elated��ompany��

�� �irector�of�ABM��ellets��o.,�Ltd��

�� �irector�of�Asia�Biomass��esources�S��.�B��.��

�� �om�any��irector�of�Asia�Biomass�Energy�S��.�B��.�

�� �irector�of���T.�Asia�Biomass�Indonesia��

�� �irector�of���a�ra�at��o.,�Ltd�

�ther�listed�companies�����one��

�on�listed�companies�

�� �irector�of�Sinmahachai�attana��o.,�Ltd�

�� �irector�of��atha�hat�attana��o.,�Ltd�

�� �irector�of��.�.��evelo�ment��o.,�Ltd� � �

�� �irector�of���orn�reecha���o.,�Ltd������������

�hareholding�in�the��ompany�������.�0����

�hareholding�of��pouse��mmature��hildren�����������

�amily�relationship�among�e�ecuti�es����

�� Mr.��anom��uansata�orn�s��aughter��and�Mr.��at�a�ha��uansata�orn�s��aughter��

�thers�that�may�cause�conflict�of�interests�to�the��ompany�����one��

�eeting��ttendance�in�������� ����

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Enclosure�3�

Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders�������������������

Profiles�of�the�persons�who�would�be�retired�

by�rotation�and�are�nominated�as�directors�for�another�term�

Education��

�� �h��in�Business�Management,�Manchester�Business�School,�the�U�,�2013�

�� Masters�in��inance,�London�Business�School,�the�U�,�2001�

�� Bachelor�of��ommerce,�The�University�of�Mel�ourne,�Australia�199��

Training�

�� �irector��ertification��rogram��������lass����������

�� �irector�Accreditation��rogram���A����lass����������

�or��E�perience��

201�����resent�� ��� �irector�of��hoengmon��eal�Estate�Co.������

201�����resent�� ��� Inde�endent��irector�and��hairman�of�the�Audit��ommittee�of�Asia�Biomass��

� � � �u�lic��om�any�Limited�

201�����resent� ��� �irector�of��YE�Aree�Co.������

201�����resent� ��� �irector�of���YE��haoyai�Co.������

201�����resent� ��� �irector�of�����Sa�asdee�Co.������

201�����resent� ��� �irector�of�����Sangthong��Co.������

201�����resent� ��� �irector�of���YE��evelo�ment��Co.������

�r���arit��ho�chainirand��

�irector���The��hairman�of�The�Audit��ommittee���Inde�endent��irector�

�ate�of��ppointment�to�be�an�independent�director�and�The��hairman�

of�The��udit��ommittee��

2���an�201����13��uly�201��

Term�of��irectorship������years��

�ge��2�Year�

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Enclosure�3��

����������������Invitation�to�the�2019�Annual�General�Meeting�of�Shareholders�������������

2013����resent� ��� �irector�of���YE�Estate�Co.������

2011����resent�� ��� �irector�and��Managing��irector����Y�I��A�ITAL�Co.������

200�����resent�� ��� �irector�and��Managing��irector��Effinity�Co.������

�ther�directorship�positions���other�positions�at�present��

�ubsidiaries��elated��ompany� ��one��

�ther�listed�companies�����one��

�on�listed�companies�

�� �irector�of��hoengmon��eal�Estate�Co.������

�� �irector�of��YE�Aree�Co.�������

�� �irector�of���YE��haoyai�Co.������

�� �irector�of�����Sa�asdee�Co.�������

�� �irector�of�����Sangthong��Co.�������

�� �irector�of���YE��evelo�ment��Co.�������

�� �irector�of���YE�Estate�Co.�������

�� �irector�and��Managing��irector����Y�I��A�ITAL�Co.�������

�� �irector�and��Managing��irector��Effinity�Co.������

�hareholding�in�the��ompany���0.00���

�hareholding�of��pouse��mmature��hildren���0.00���

�amily�relationship�among�e�ecuti�es������one��

�thers�that�may�cause�conflict�of�interests�to�the��ompany�����one��

�eeting��ttendance�in��������������Board�of��irector�Meeting��������

��The�Audit��ommittee�Meeting�������

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Invitation to the 2019 Annual General Meeting of Shareholders 43

Enclosure 4

หนงสอมอบฉนทะ แบบ ก. Proxy Form A.

(แบบทวไปซงเปนแบบทงายและไมซบซอน) (General and Simple Form)

เลขทะเบยนผถอหน เขยนท Shareholder registration number Written at วนท เดอน พ.ศ. Date Month Year (1) ขาพเจา สญชาต อยเลขท ซอย I/We Nationality Residing/located at no. Soi ถนน ต าบล/แขวง อ าเภอ/เขต จงหวด Road Tambol/Kwaeng Amphur/Khet Province รหสไปรษณย Postal Code (2) เปนผถอหนของบรษท เอเชย ไบโอแมส จ ากด (มหาชน) (“บรษท”) Being a shareholder of Asia Biomass Public Company Limited (“Company”)

โดยถอหนจ านวนทงสนรวม หน และออกเสยงลงคะแนนไดเทากบ เสยง ดงน Holding the total number of shares and have the rights to vote equal to votes as follows หนสามญ หน และออกเสยงลงคะแนนไดเทากบ เสยง

ordinary share shares and have the rights to vote equal to votes หนบรมสทธ หน และออกเสยงลงคะแนนไดเทากบ เสยง preference share shares and have the rights to vote equal to votes

(3) ขอมอบฉนทะให (กรณาเลอกขอใดขอหนง) Hereby appoint (Please choose one of following)

1. ชอ อาย ป อยบานเลขท

Name Age years residing/located at no. ถนน ต าบล/แขวง อ าเภอ Road Tambol/Kwaeng Amphur/Khet จงหวด รหสไปรษณย Province Postal Code

หรอ/Or ชอ อาย ป อยบานเลขท Name age years residing/located at no. ถนน ต าบล/แขวง อ าเภอ Road Tambol/Kwaeng Amphur/Khet จงหวด รหสไปรษณย Province Postal Code

คนหนงคนใดเพยงคนเดยว Anyone of these persons

2. มอบฉนทะใหกรรมการอสระคนใดคนหนงของบรษท คอ Appoint any one of the following members of the Independent Directors of the Company ดร. สฤษด โชคชยนรนดร Ph.D. Sarit Chokchainirand หรอ/or นาย วชย พรกรตวฒน Mr. Wichai Pornkeratiwat หรอ/or น.ส. ภทรวรรณ มานสสถตย Miss Patrawan Manutsathit (รายละเอยดประวตกรรมการอสระปรากฏตามสงทสงมาดวย 5. ของหนงสอเชญประชมสามญ ผถอหน ประจ าป 2562) (Details of members of the Independent Directors of the Company are specified in Enclosure 5. of the Notice of the 2019 Annual General Meeting of Shareholders)

(ปดอากรแสตมป 20 บาท)

(Please attach stamp duty of Baht 20)

กรณเลอกขอ 1. กรณาท าเครองหมาย ท 1. ระบชอผรบมอบอ านาจ If you make proxy by choosing No. 1, please mark at 1. and give the details of proxy (proxies).

กรณเลอกขอ 2. กรณาท าเครองหมาย ท 2. และเลอกกรรมการอสระคนใดคนหนง If you make proxy by choosing No. 2, please mark at 2. and choose one of these members of the Independent Directors.

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Enclosure 4

44 Invitation to the 2019 Annual General Meeting of Shareholders

ทงน ในกรณทกรรมการอสระผรบมอบฉนทะคนใดคนหนง ไมสามารถเขาประชมได ใหกรรมการอสระทเหลอเปนผรบมอบฉนทะแทนกรรมการอสระทไมสามารถเขาประชม In this regard, in the case where any of such members of the Independent Directors is unable to attend the meeting, the other members of the Independent Directors shall be appointed as a proxy instead of the member of the Independent Directors who is unable to attend the meeting.

เปนผแทนของขาพเจาเพอเขาประชมและออกเสยงลงคะแนนแทนขาพเจาในการประชมสามญผถอหน ประจ าป 2562 ในวนท 26 เมษายน 2562 เวลา 14.00 น. ณ หองประชม THE BRIGHT ชน 3 อาคาร A ตงอยเลขท 15/6 ถนนพระราม 2 แขวงทาขาม เขตบางขนเทยน กรงเทพมหานคร 10150 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย as my/our proxy (“proxy”) to attend and vote on my/our behalf at the 2019 Annual General Meeting of Shareholders on 26 April 2019 at 2.00 p.m. at THE BRIGHT Meeting Room, 3rd Floor, Building A, 15/6 Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150, or such other date, time and place as the meeting may be held.

กจการใดทผรบมอบฉนทะไดกระท าไปในการประชม เวนแตกรณทผรบมอบฉนทะไมออกเสยงตามทขาพเจาระบในหนงสอมอบฉนทะใหถอเสมอนวาขาพเจาไดกระท าเองทกประการ Any acts performed by the proxy in this meeting, except in the event that the proxy does not vote consistently with my/our voting intentions as specified herein, shall be deemed to be the actions performed by myself/ourselves.

ลงชอ/Signed …………………………………………...ผมอบฉนทะ/Grantor (...…………………...…………………….)

ลงชอ/ Signed …………………………………………...ผรบมอบฉนทะ/Proxy (...…………………...…………………….)

ลงชอ/ Signed …………………………………………...ผรบมอบฉนทะ/Proxy (...…………………...…………………….)

ลงชอ Signed …………………………………………...ผรบมอบฉนทะ/Proxy (...…………………...…………………….)

หมายเหต/Remarks ผถอหนทมอบฉนทะจะตองมอบฉนทะใหผรบมอบฉนทะเพยงรายเดยวเปนผเขาประชมและออกเสยงลงคะแนน ไมสามารถแบงแยกจ านวนหนใหผรบมอบฉนทะหลายคนเพอแยกการลงคะแนนเสยงได The shareholder appointing the proxy shall appoint only one proxy to attend the meeting and cast a vote. The shareholder cannot split his/her votes to different proxies to vote separately.

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Enclosure 4

หนงสอมอบฉนทะ แบบ ข. Proxy Form B.

(แบบทก าหนดรายการตางๆ ทจะมอบฉนทะทละเอยดชดเจนและตายตว) (Form with fixed and specific details authorizing proxy)

เลขทะเบยนผถอหน เขยนท Shareholder registration number Written at วนท เดอน พ.ศ. Date Month Year (1) ขาพเจา สญชาต อยเลขท ซอย I/We Nationality Residing/located at no. Soi ถนน ต าบล/แขวง อ าเภอ/เขต จงหวด Road Tambol/Kwaeng Amphur/Khet Province รหสไปรษณย Postal Code

(2) เปนผถอหนของบรษท เอเชย ไบโอแมส จ ากด (มหาชน) (“บรษท”) Being a shareholder of Asia Biomass Public Company Limited (“Company”)

โดยถอหนจ านวนทงสนรวม หน และออกเสยงลงคะแนนไดเทากบ เสยง ดงน Holding the total number of shares and have the rights to vote equal to votes as follows หนสามญ หน และออกเสยงลงคะแนนไดเทากบ เสยง

ordinary share shares and have the rights to vote equal to votes หนบรมสทธ หน และออกเสยงลงคะแนนไดเทากบ เสยง preference share shares and have the rights to vote equal to votes

(3) ขอมอบฉนทะให (กรณาเลอกขอใดขอหนง) Hereby appoint (Please choose one of following)

1. ชอ อาย ป อยบานเลขท

Name Age years residing/located at no. ถนน ต าบล/แขวง อ าเภอ Road Tambol/Kwaeng Amphur/Khet จงหวด รหสไปรษณย Province Postal Code

หรอ/Or ชอ อาย ป อยบานเลขท Name Age years residing/located at no. ถนน ต าบล/แขวง อ าเภอ Road Tambol/Kwaeng Amphur/Khet จงหวด รหสไปรษณย Province Postal Code

คนหนงคนใดเพยงคนเดยว Anyone of these persons

2. มอบฉนทะใหกรรมการอสระคนใดคนหนงของบรษท คอ Appoint any one of the following members of the Independent Directors of the Company ดร. สฤษด โชคชยนรนดร Ph.D. Sarit Chokchainirand หรอ/or นาย วชย พรกรตวฒน Mr. Wichai Pornkeratiwat หรอ/or น.ส. ภทรวรรณ มานสสถตย Miss Patrawan Manutsathit (รายละเอยดประวตกรรมการอสระปรากฏตามสงทสงมาดวย 5. ของหนงสอเชญประชมสามญ ผถอหน ประจ าป 2562) (Details of members of the Independent Directors of the Company are specified in Enclosure 5. of the Notice of the 2019 Annual General Meeting of Shareholdfiers)

กรณเลอกขอ 1. กรณาท าเครองหมาย ท 1. ระบชอผ รบมอบอ านาจ

If you make proxy by choosing

No. 1, please mark at 1. and give the details of proxy (proxies).

กรณเลอกขอ 2. กรณาท าเครองหมาย ท 2. และเลอกกรรมการอสระคนใดคนหนง If you make proxy by choosing

No. 2, please mark at 2. and choose one of these members of the Independent Directors.

(ปดอากรแสตมป 20 บาท)

(Please attach stamp duty of Baht 20)

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46 Invitation to the 2019 Annual General Meeting of Shareholders

ทงน ในกรณทกรรมการอสระผรบมอบฉนทะคนใดคนหนง ไมสามารถเขาประชมได ใหกรรมการอสระทเหลอเปนผรบมอบฉนทะแทนกรรมการอสระทไมสามารถเขาประชม In this regard, in the case where any of such members of the Independent Directors is unable to attend the meeting, the other members of the Independent Directors shall be appointed as a proxy instead of the member of the Independent Directors who is unable to attend the meeting.

เปนผแทนของขาพเจาเพอเขาประชมและออกเสยงลงคะแนนแทนขาพเจาในการประชมสามญผถอหน ประจ าป 2562 ในวนท 26 เมษายน 2562 เวลา 14.00 น. ณ หองประชม THE BRIGHT ชน 3 อาคาร A ตงอย เลขท 15/6 ถนนพระราม 2 แขวงทาขาม เขตบางขนเทยน กรงเทพมหานคร 10150 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย as my/our proxy (“proxy”) to attend and vote on my/our behalf at the 2019 Annual General Meeting of Shareholders on 26 April 2019 at 2.00 p.m. at THE BRIGHT Meeting Room, 3rd Floor, Building A, 15/6 Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150, or such other date, time and place as the meeting may be held.

(4) ขาพเจาขอมอบฉนทะใหผรบมอบฉนทะออกเสยงลงคะแนนแทนขาพเจาในการประชมครงน ดงน In this Meeting, I/we grant my/our proxy to consider and vote on my/our behalf as follows: (ก) ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร

(a) The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. (ข) ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน

(b) To grant my/our proxy to vote as per my/our desire as follows:

วาระท 1 พจารณารบรองรายงานการประชมสามญผถอหนประจ าป 2561 Agenda item no. 1 To consider and certify the Minutes of the 2018 Annual General Meeting of the Shareholders

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 2 พจารณารบทราบรายงานผลการด าเนนงานของบรษทประจ าป 2561 Agenda item no. 2 To consider and acknowledge the operation results for the year 2018

(ไมมการลงคะแนนในวาระน / No casting of votes in this agenda)

วาระท 3 พจารณาอนมตงบแสดงฐานะทางการเงน และบญชก าไรขาดทน ประจ าป 2561 ส าหรบปสนสดวนท 31 ธนวาคม 2561 Agenda item no. 3 To consider and approve the Statement of Financial Position and the Profit and Loss Statement for the year 2018 for fiscal year

ended 31 December 2018

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 4 พจารณาอนมตการงดจดสรรก าไรเพอเปนทนส ารองตามกฎหมาย และการงดจายเงนปนผล ประจ าป 2561 Agenda item no. 4 To consider and approve non-declaration of appropriate of profit as capital reserve as prescribed by the laws and suspension of

the payment of dividend for the year 2019

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

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Enclosure 4

วาระท 5 พจารณาอนมตการแตงตงกรรมการแทนกรรมการทพนจากต าแหนงตามวาระ Agenda item no. 5 To consider and approve the reappointment of directors retired by rotation

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows:

ก. เลอกตงกรรมการทงชด A. Election of entire nominated directors เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

ข. เลอกตงกรรมการเปนรายบคคล B. Election of each nominated directors 1. ชอกรรมการ นางสาวธญาดา ควรสถาพร Director’s name Miss Tiyada Kuansataporn เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

2. ชอกรรมการ ดร.สฤษด โชคชยนรนดร Director’s name Ph.D. Sarit Chokchainirand เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 6 พจารณาอนมตการก าหนดคาตอบแทนกรรมการ ประจ าป 2562 Agenda item no. 6 To consider and approve the 2019 remuneration of directors

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 7 พจารณาอนมตการแตงตงผสอบบญชของบรษท และการก าหนดคาตอบแทนผสอบบญชประจ าป 2562 Agenda item no. 7 To consider and approve the appointment of the auditors and 2019 auditor fee

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 8 พจารณารบทราบเปลยนแปลงการใชเงนเพมทนทไดรบจากการเสนอขายหนสามญแกประชาชน Agenda item no. 8 To consider and acknowledge amendment of the utilization of capital increased by the initial public offering (ไมมการลงคะแนนในวาระน / No casting of votes in this agenda)

วาระท 9 พจารณาเรองอน ๆ (ถาม) Agenda item no. 9 To consider other matters (If any)

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

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48 Invitation to the 2019 Annual General Meeting of Shareholders

(5) การลงคะแนนเสยงของผรบมอบฉนทะในวาระใดทไมเปนไปตามทระบไวในหนงสอมอบฉนทะนใหถอวาการลงคะแนนเสยงนนไมถกตองและไมใชเปนการลงคะแนนเสยงของขาพเจาในฐานะผถอหน

If the proxy does not vote consistently with my/our voting intentions as specified herein, such vote shall be deemed incorrect and is not made on my/our behalf as the Company’s shareholders.

(6) ในกรณทขาพเจาไมไดระบความประสงคในการออกเสยงลงคะแนนในวาระใดไวหรอระบไวไมชดเจนหรอในกรณททประชมมการพจารณาหรอลงมตในเรองใดนอกเหนอจากเรองทระบไวขางตน รวมถงกรณทมการแกไขเปลยนแปลงหรอเพมเตมขอเทจจรงประการใด ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร

In the event that I/we have not specified my/our voting intention on any agenda item or have not clearly specified or in case the meeting considers or passes resolutions in any matters other than those specified above, including in case there is any amendment or addition of any fact, the proxy shall have the right to consider and vote on my/our behalf as he/she may deem appropriate in all respects.

กจการใดทผรบมอบฉนทะไดกระท าไปในการประชม เวนแตกรณทผรบมอบฉนทะไมออกเสยงตามทขาพเจาระบในหนงสอมอบฉนทะใหถอเสมอนวาขาพเจาไดกระท าเองทกประการ Any acts performed by the proxy in this meeting, except in the event that the proxy does not vote consistently with my/our voting intentions as specified herein, shall be deemed to be the actions performed by myself/ourselves.

ลงชอ/Signed …………………………………………...ผมอบฉนทะ/Grantor (...…………………...…………………….)

ลงชอ/ Signed …………………………………………...ผรบมอบฉนทะ/Proxy (...…………………...…………………….)

ลงชอ/ Signed …………………………………………...ผรบมอบฉนทะ/Proxy (...…………………...…………………….)

ลงชอ Signed …………………………………………...ผรบมอบฉนทะ/Proxy (...…………………...…………………….)

หมายเหต/Remarks 1. ผถอหนทมอบฉนทะจะตองมอบฉนทะใหผรบมอบฉนทะเพยงรายเดยวเปนผเขาประชมและออกเสยงลงคะแนน ไมสามารถแบงแยกจ านวนหนให

ผรบมอบฉนทะหลายคนเพอแยกการลงคะแนนเสยงได The shareholder appointing the proxy shall appoint only one proxy to attend the meeting and cast a vote. The shareholder cannot split his/her votes to different proxies to vote separately.

2. ในกรณทมวาระทจะพจารณาในการประชมมากกวาวาระทระบไวขางตน ผมอบฉนทะสามารถระบเพมเตมไดในใบประจ าตอแบบหนงสอมอบฉนทะแบบ ข. ตามแนบ In case where the statement exceeds those specified above, additional details may be specified in the Attachment to this Proxy Form B. provided.

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Enclosure 4

ใบประจ าตอแบบหนงสอมอบฉนทะแบบ ข. Attachment to Proxy Form B.

การมอบฉนทะในฐานะเปนผถอหนของบรษท เอเชย ไบโอแมส จ ากด (มหาชน) A proxy is granted by a shareholder of Asia Biomass Public Company Limited

ในประชมสามญผถอหน ประจ าป 2562 ในวนท 26 เมษายน 2562 เวลา 14.00 น. ณ หองประชม THE BRIGHT ชน 3 อาคาร A ตงอยเลขท 15/6 ถนนพระราม 2 แขวงทาขาม เขตบางขนเทยน กรงเทพมหานคร 10150 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย At the 2019 Annual General Meeting of Shareholders on 26 April 2019 at 14.00 at THE BRIGHT Meeting Room, 3rd Floor, Building A, 15/6 Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150, or such other date, time and place as the meeting may be held.

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วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

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แบบหนงสอมอบฉนทะ แบบ ค. Proxy Form C.

(ใชเฉพาะกรณทผถอหนทปรากฏชอในทะเบยนเปนผลงทนตางประเทศและแตงตงใหคสโตเดยน (Custodian) ในประเทศไทยเปนผรบฝากและดแลหนใหเทานน)

(For the shareholders who are specified in the register as foreign investor and has appointed a custodian in Thailand to be a share depository and keeper)

เลขทะเบยนผถอหน เขยนท Shareholder registration number Written at วนท เดอน พ.ศ. Date Month Year (1) ขาพเจา สญชาต อยเลขท ซอย I/We Nationality Residing/located at no. Soi ถนน ต าบล/แขวง อ าเภอ/เขต จงหวด Road Tambol/Kwaeng Amphur/Khet Province รหสไปรษณย Postal Code

ในฐานะผประกอบธรกจเปนผรบฝากและดแลหน (Custodian) ใหกบ As the custodian of

ซงเปนผถอหนของ บรษท เอเชย ไบโอแมส จ ากด (มหาชน) (“บรษท”) Being a shareholder of Asia Biomass Public Company Limited (“Company”)

โดยถอหนจ านวนทงสนรวม หน และออกเสยงลงคะแนนไดเทากบ เสยง ดงน Holding the total number of shares and have the rights to vote equal to votes as follows หนสามญ หน และออกเสยงลงคะแนนไดเทากบ เสยง

ordinary share shares and have the rights to vote equal to votes หนบรมสทธ หน และออกเสยงลงคะแนนไดเทากบ เสยง preference share shares and have the rights to vote equal to votes

(2) ขอมอบฉนทะให (กรณาเลอกขอใดขอหนง) Hereby appoint (Please choose one of following)

1. ชอ อาย ป อยบานเลขท Name Age years residing/located at no. ถนน ต าบล/แขวง อ าเภอ Road Tambol/Kwaeng Amphur/Khet จงหวด รหสไปรษณย Province Postal Code

หรอ/Or ชอ อาย ป อยบานเลขท Name age years residing/located at no. ถนน ต าบล/แขวง อ าเภอ Road Tambol/Kwaeng Amphur/Khet จงหวด รหสไปรษณย Province Postal Code คนหนงคนใดเพยงคนเดยว Anyone of these persons

2. มอบฉนทะใหกรรมการอสระคนใดคนหนงของบรษท คอ Appoint any one of the following members of the Independent Directors of the Company ดร. สฤษด โชคชยนรนดร Ph.D. Sarit Chokchainirand หรอ/or นาย วชย พรกรตวฒน Mr. Wichai Pornkeratiwat หรอ/or น.ส. ภทรวรรณ มานสสถตย Miss Patrawan Manutsathit (รายละเอยดประวตกรรมการอสระปรากฏตามสงทสงมาดวย 5. ของหนงสอเชญประชมสามญ ผถอหน ประจ าป 2562) (Details of members of the Independent Directors of the Company are specified in Enclosure 5. of the Notice of the 2019 Annual General Meeting of Shareholders)

(ปดอากรแสตมป 20 บาท) (Please attach stamp duty of Baht 20)

กรณเลอกขอ 1. กรณาท าเครองหมาย ท 1. ระบชอผ รบมอบอ านาจ If you make proxy by choosing No. 1, please mark at 1. and give the details of proxy (proxies).

กรณเลอกขอ 2. กรณาท าเครองหมาย ท 2. และเลอกกรรมการอสระคนใดคนหนง If you make proxy by choosing

No. 2, please mark at 2. and choose one of these members of the Independent Directors.

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ทงน ในกรณทกรรมการอสระผรบมอบฉนทะคนใดคนหนง ไมสามารถเขาประชมได ใหกรรมการอสระทเหลอเปนผรบมอบฉนทะแทนกรรมการอสระทไมสามารถเขาประชม In this regard, in the case where any of such members of the Independent Directors is unable to attend the meeting, the other members of the Independent Directors shall be appointed as a proxy instead of the member of the Independent Directors who is unable to attend the meeting.

เปนผแทนของขาพเจาเพอเขาประชมและออกเสยงลงคะแนนแทนขาพเจาในการประชมสามญผถอหน ประจ าป 2562 ในวนท 26 เมษายน 2562 เวลา 14.00 น. ณ หองประชม THE BRIGHT ชน 3 อาคาร A ตงอย เลขท 15/6 ถนนพระราม 2 แขวงทาขาม เขตบางขนเทยน กรงเทพมหานคร 10150 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย as my/our proxy (“proxy”) to attend and vote on my/our behalf at the 2019 Annual General Meeting of Shareholders on 26 April 2019 at 2.00 p.m. at THE BRIGHT Meeting Room, 3rd Floor, Building A, 15/6 Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150, or such other date, time and place as the meeting may be held.

(3) ขาพเจาขอมอบฉนทะใหผรบมอบฉนทะเขารวมประชมและออกเสยงลงคะแนนในครงน ดงน I/We grant my/our proxy to attend this Meeting and cast votes as follows: มอบฉนทะตามจ านวนหนทงหมดทถอและมสทธออกเสยงลงคะแนนได Grant all of my/our proxy in accordance with the amount of shares with voting right I/we hold มอบฉนทะบางสวน คอ Grant certain of my/our proxy as follows:

หนสามญ หน และมสทธออกเสยงลงคะแนนได เสยง ordinary share shares and have the rights to vote equal to votes หนบรมสทธ หน และมสทธออกเสยงลงคะแนนได เสยง preference share shares and have the rights to vote equal to votes

รวมสทธออกเสยงลงคะแนนทงหมด เสยง Total voting right votes

(4) ขาพเจาขอมอบฉนทะใหผรบมอบฉนทะออกเสยงลงคะแนนแทนขาพเจาในการประชมครงนดงน

In this Meeting, I/we grant my/our proxy to consider and vote on my/our behalf as follows:

วาระท 1 พจารณารบรองรายงานการประชมสามญผถอหนประจ าป 2561 Agenda item no. 1 To consider and certify the Minutes of the 2018 Annual General Meeting of the Shareholders

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 2 พจารณารบทราบรายงานผลการด าเนนงานของบรษทประจ าป 2561 Agenda item no. 2 To consider and acknowledge the operation results for the year 2018

(ไมมการลงคะแนนในวาระน / No casting of votes in this agenda)

วาระท 3 พจารณาอนมตงบแสดงฐานะทางการเงน และบญชก าไรขาดทน ประจ าป 2561 ส าหรบปสนสดวนท 31 ธนวาคม 2561 Agenda item no. 3 To consider and approve the Statement of Financial Position and the Profit and Loss Statement for the year 2018 for fiscal year

ended 31 December 2018

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 4 พจารณาอนมตการงดจดสรรก าไรเพอเปนทนส ารองตามกฎหมาย และการงดจายเงนปนผล ประจ าป 2561 Agenda item no. 4 To consider and approve non-declaration of appropriate of profit as capital reserve as prescribed by the laws and suspension of

the payment of dividend for the year 2019

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

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วาระท 5 พจารณาอนมตการแตงตงกรรมการแทนกรรมการทพนจากต าแหนงตามวาระ Agenda item no. 5 To consider and approve the reappointment of directors retired by rotation

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows:

ค. เลอกตงกรรมการทงชด B. Election of entire nominated directors เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

ง. เลอกตงกรรมการเปนรายบคคล B. Election of each nominated directors 1. ชอกรรมการ นางสาวธญาดา ควรสถาพร Director’s name Miss Tiyada Kuansataporn เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

2. ชอกรรมการ ดร.สฤษด โชคชยนรนดร Director’s name Ph.D. Sarit Chokchainirand เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 6 พจารณาอนมตการก าหนดคาตอบแทนกรรมการ ประจ าป 2562 Agenda item no. 6 To consider and approve the 2019 remuneration of directors

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 7 พจารณาอนมตการแตงตงผสอบบญชของบรษท และการก าหนดคาตอบแทนผสอบบญชประจ าป 2562 Agenda item no. 7 To consider and approve the appointment of the auditors and 2019 auditor fee

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

วาระท 8 พจารณารบทราบเปลยนแปลงการใชเงนเพมทนทไดรบจากการเสนอขายหนสามญแกประชาชน Agenda item no. 8 To consider and acknowledge amendment of the utilization of capital increased by the initial public offering (ไมมการลงคะแนนในวาระน / No casting of votes in this agenda)

วาระท 9 พจารณาเรองอน ๆ (ถาม) Agenda item no. 9 To consider other matters (If any)

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate. ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย ไมเหนดวย งดออกเสยง Approve Disapprove Abstain

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(5) การลงคะแนนเสยงของผรบมอบฉนทะในวาระใดทไมเปนไปตามทระบไวในหนงสอมอบฉนทะนใหถอวาการลงคะแนนเสยงนนไมถกตองและไมใชเปนการลงคะแนนเสยงของขาพเจาในฐานะผถอหน

If the proxy does not vote consistently with my/our voting intentions as specified herein, such vote shall be deemed incorrect and is not made on my/our behalf as the Company’s shareholders.

(6) ในกรณทขาพเจาไมไดระบความประสงคในการออกเสยงลงคะแนนในวาระใดไวหรอระบไวไมชดเจนหรอในกรณททประชมมการพจารณาหรอลงมตในเรองใดนอกเหนอจากเรองทระบไวขางตน รวมถงกรณทมการแกไขเปลยนแปลงหรอเพมเตมขอเทจจรงประการใด ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร In the event that I/we have not specified my/our voting intention on any agenda item or have not clearly specified or in case the meeting considers or passes resolutions in any matters other than those specified above, including in case there is any amendment or addition of any fact, the proxy shall have the right to consider and vote on my/our behalf as he/she may deem appropriate in all respects.

กจการใดทผรบมอบฉนทะไดกระท าไปในการประชม เวนแตกรณทผรบมอบฉนทะไมออกเสยงตามทขาพเจาระบในหนงสอมอบฉนทะใหถอเสมอนวาขาพเจาไดกระท าเองทกประการ Any acts performed by the proxy in this meeting, except in the event that the proxy does not vote consistently with my/our voting intentions as specified herein, shall be deemed to be the actions performed by myself/ourselves.

ลงชอ/Signed …………………………………………...ผมอบฉนทะ/Grantor

(...…………………...…………………….) ลงชอ/ Signed …………………………………………...ผรบมอบฉนทะ/Proxy

(...…………………...…………………….) ลงชอ/ Signed …………………………………………...ผรบมอบฉนทะ/Proxy

(...…………………...…………………….) ลงชอ Signed …………………………………………...ผรบมอบฉนทะ/Proxy

(...…………………...…………………….)

หมายเหต/Remarks 1. หนงสอมอบฉนทะแบบ ค. น ใชเฉพาะกรณทผถอหนทปรากฏชอในทะเบยนเปนผลงทนตางประเทศและแตงตงใหคสโตเดยน (Custodian)

ในประเทศไทยเปนผรบฝากและดแลหนใหเทานน This Proxy form C. is only used for the shareholder who is specified in the register as a foreign investor and has appointed a custodian in Thailand to be a share depository and keeper.

2. หลกฐานทตองแนบพรอมกบหนงสอมอบฉนทะ คอ The documents needed to be attached to this Proxy form are: (1) หนงสอมอบอ านาจจากผถอหนใหคสโตเดยน (Custodian) เปนผด าเนนการลงนามในหนงสอมอบฉนทะแทน

Power of attorney from the shareholder empowering the custodian to sign this Proxy form on his/her behalf (2) หนงสอยนยนวาผลงนามในหนงสอมอบฉนทะแทนไดรบอนญาตประกอบธรกจคสโตเดยน (Custodian)

Document confirming that the person who signed the proxy form is permitted to operate the custodian business 3. ผถอหนทมอบฉนทะจะตองมอบฉนทะใหผรบมอบฉนทะเพยงรายเดยวเปนผเขาประชมและออกเสยงลงคะแนนไมสามารถแบงแยกจ านวนหนให

ผรบมอบฉนทะหลายคนเพอแยกการลงคะแนนเสยงได The shareholder appointing the proxy shall appoint only one proxy to attend the meeting and cast a vote. The shareholder cannot split his/her votes to different proxies to vote separately.

4. ในกรณทมวาระทจะพจารณาในการประชมมากกวาวาระทระบไวขางตน ผมอบฉนทะสามารถระบเพมเตมไดในใบประจ าตอแบบหนงสอ มอบฉนทะแบบ ค. ตามแนบ In case where the statement exceeds those specified above, additional details may be specified in the Attachment to Proxy Form C. provided.

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54 Invitation to the 2019 Annual General Meeting of Shareholders

ใบประจ าตอแบบหนงสอมอบฉนทะแบบ ค. Attachment to Proxy Form C.

การมอบฉนทะในฐานะเปนผถอหนของบรษท เอเชย ไบโอแมส จ ากด (มหาชน) A proxy is granted by a shareholder of Asia Biomass Public Company Limited

ในประชมสามญผถอหน ประจ าป 2562 ในวนท 26 เมษายน 2562 เวลา 14.00 น. ณ หองประชม THE BRIGHT ชน 3 อาคาร A ตงอยเลขท 15/6 ถนนพระราม 2 แขวงทาขาม เขตบางขนเทยน กรงเทพมหานคร 10150 หรอทจะพงเลอนไปในวน เวลา และสถานทอนดวย At the 2019 Annual General Meeting of Shareholders on 26 April 2019 at 14.00 at THE BRIGHT Meeting Room, 3rd Floor, Building A, 15/6 Rama 2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150, or such other date, time and place as the meeting may be held.

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วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย เสยง ไมเหนดวย เสยง งดออกเสยง เสยง Approve Votes Disapprove Votes Abstain Votes

วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย เสยง ไมเหนดวย เสยง งดออกเสยง เสยง Approve Votes Disapprove Votes Abstain Votes

วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย เสยง ไมเหนดวย เสยง งดออกเสยง เสยง Approve Votes Disapprove Votes Abstain Votes

วาระท เรอง Agenda item no. Re :

ใหผรบมอบฉนทะมสทธพจารณาและลงมตแทนขาพเจาไดทกประการตามทเหนสมควร The proxy shall have the right on my/our behalf to consider and approve independently as it deems appropriate.

ใหผรบมอบฉนทะออกเสยงลงคะแนนตามความประสงคของขาพเจา ดงน The proxy shall have the right to approve in accordance with my/our intention as follows: เหนดวย เสยง ไมเหนดวย เสยง งดออกเสยง เสยง Approve Votes Disapprove Votes Abstain Votes

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Enclosure�5�

�Invitation�to�the������Annual�General�Meeting�of�Shareholders����������������

Information�on�the�external�auditors�for�the�year�201���

POSITION������������� :�� Chair�an��

E��CATION������������ �� ���Accountanc����nd�Class��onors���Chulalong�orn��niversit��

��������������������� �� M���A���Gothen�urg�School�of�Econo�ics�and��usiness��

� � Ad�inistration��S�eden��

�������������������� �� Master�of�Accounting�Science���niversit��of�Illinois����S�A��

��������������������� �� Ph������inance����niversit��of�Illinois����S�A������������������ �

�O���E�PE�IENCE�

���������� �� �ice�President�and�The�Chair�an�of�Accounting�Profession�in�the�� �

� � Accounting�Education�and�Technolog��Co��ittee���

� � � The��ederation�of�Accounting�Professions�

���������� �� The�Chair�an�of�Accounting�Profession�in�the�Accounting�Education�and�

Technolog��Co��ittee��The��ederation�of�Accounting�Professions�

�����Present� �� Council�Me��er�of�Chulalong�orn��niversit��

�����Present� �� Council�Me��er�of��niversit��of�the�Thai�Cha��er�of�Co��erce�

�����Present� �� Council�Me��er�of�Thai�Nichi�Institute�of�Technolog���

���������� �� �ean��acult��of�Co��erce�and�Accountanc���Chulalong�orn��niversit��

����������and� �� �ead��e�art�ent�of��an�ing�and��inance���acult��of�Co��erce�and����������

� � Accountanc���Chulalong�orn��niversit��

�������������� �� Chair�an�of�M���A��Progra���Chulalong�orn��niversit��

P�O�ESSIONA��ACTI�ITIES�

� �� Authori�ed�Auditor�

� �� ��isted�Auditor�

�r���ira�h����himeteetamron��

������o��1������

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Enclosure�5�

5���������������Invitation�to�the������Annual�General�Meeting�of�Shareholders��

Information�on�the�external�auditors�for�the�year�201���

��

�r���haiya�orn��un�iti�on�sa��

������o���1�����

POSITION� �:� Managing��irector��E��CATION������������ �� �achelor��degree�in�Accounting����acult������������������������������ � of�Co��erce�and�Accountanc���Chulalong�orn��niversit���

��� � �achelor��degree�in��a����acult��of��a�������������������������������� � Tha��asat��niversit��� ��� Master�of�Arts�in�Econo�ic��a���acult��of��a����Chulalong�orn��niversit���������������������������� ��� Modern�Managers�Progra���MMP���acult��of�Co��erce�and�Accountanc�������������������������������� � Chulalong�orn��niversit�����������������������������O���E�PE�IENCE������ �

���������� � �� Me��er�of�the�Auditing�Standards�Co��ittee��The��ederation��

� of�Accounting�Professions�

��������5��� � �� Me��er�of�the�Accounting�Standards�Co��ittee�of�The�Institute�of�� �

Certified�Accountants�and�Auditors�of�Thailand���

���5������ �� Me��er�of�the�Auditing�Standards�Co��ittee�of�The�Institute�of��� Certified�Accountants�and�Auditors�of�Thailand������������ ��� �ai�os���Co��� ��P�O�ESSIONA��ACTI�ITIES� �

�� Authori�ed�Auditor��� �isted�Auditor��� Certified�Professional�Internal�Auditors�of�Thailand���CPIAT��

� �� �arrister���at����a���Thai��ar���

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Enclosure�5�

�Invitation�to�the������Annual�General�Meeting�of�Shareholders����������������

�Information�on�the�external�auditors�for�the�year�201��

�r����iru���ti�anu�at�

������o���202���

POSITION�� :�� �Audit�Partner�

E��CATION��������� ��������� ����A���Accounting����a��ha�haeng��niversit��

� ��� �������Tha��asat��niversit��

��� M�A����a��ha�haeng��niversit��

P�O�ESSIONA��ACTI�ITIES� ��� ��� Certified�Pu�lic�Accountant�� ��� �isted��Auditor�

�������������

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Enclosure�5�

5���������������Invitation�to�the������Annual�General�Meeting�of�Shareholders��

�Information�on�the�external�auditors�for�the�year�201��

� � �

�r���ree�ha��uan�

������o����1����

POSITION�� :����Audit�Partner�

E��CATION��������� �����������A���Accounting����a��ha�haeng��niversit��

� �������M�A����a��ha�haeng��niversit��

� ��������octor�of��usiness�Ad�inistration����A�����a��ha�haeng��niversit��

P�O�ESSIONA��ACTI�ITIES� ���� Certified�Pu�lic�Accountant���� �isted��Auditor�

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Enclosure 6

Invitation to the ���� Annual General Meeting of Shareholders 59

Profiles of Independent Director for appointment of Proxy

Education • PhD in Business Management, Manchester Business School, the UK, 2013

• Masters in Finance, London Business School, the UK, 2001

• Bachelor of Commerce, The University of Melbourne, Australia 1997

Training • Director Certification Program (DCP) Class 230/2016

• Director Accreditation Program (DAP) Class 118/2015

Current Position Independent Director / Chairman of the Audit Committee

Interest in the Agendas Agenda Item 5 and 6

of the Meeting

Shareholding Ratio -

Mr. Sarit Chokchainirand Age 42 year

Date of Appointment to be an independent director

27 January 2015

Current Address

1/3 sukhumvit 24, Klongton Sub-district,

Klongton District, Bangkok 10110

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Enclosure 6

60 Invitation to the ���� Annual General Meeting of Shareholders

Profiles of Independent Director for appointment of Proxy

Education • Bachelor of Engineering (Electrical Engineering), Khon Kaen University

• Master of Public and Private Management, National Institute Development

Administration

Training • Director Certification Program (DCP) Class 111/2008

• Asean Executive Program (AEP), GE Management Development Institute

• Senior Executive Program (SEP), Sasin Graduate Institute of Business

Administration of Chulalongkorn University

• NIDA-Wharton Executive Leadership Program,

• The Wharton School, University of Pennsylvania, USA.

Current Position Independent Director / Audit Committee

Interest in the Agendas Agenda 6

of the Meeting

Shareholding Ratio -

Mr. Wichai Pornkeratiwat Age 66 year

Date of Appointment to be an independent director

26 December 2014

Current Address

95/44 Soi Ramkhamhaeng 92, Saphan Sung Subdistrict,

Saphan Sung District, Bangkok

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Enclosure 6

Invitation to the ���� Annual General Meeting of Shareholders 61

Profiles of Independent Director for appointment of Proxy

Education • Master of Business Administration, London Business School, UK.

• BBA (International Program) Thammasat University

Training • Director Accreditation Program (DAP) Class 140/2017

• Chartered Financial Analyst, CFA Institute

Current Position Independent Director / Audit Committee

Interest in the Agendas Agenda Item 6

of the Meeting

Shareholding Ratio -

Miss Patrawan Manutsathit Age 34 years

Date of Appointment to be an independent director

13 May 2017

Current Address

7 Soi 3 Seri Road 2 Huamark Sub-district,

Bangkapi District, Bangkok 10250

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Definition of independent directors

An independent board is an important element or mechanism in the Good Corporate Governance system or

the�“Good�Governance”�of� the�organization,� the�definition�of� independent�directors�of�Asia�Biomass�Public�

Company Limited�(the�“Company”)�shall�consist�of�the�qualifications�as�follows:

1. Shall�be�appointed�by�the�board�of�directors�or�the�shareholders’�meeting�of�the�Company;

2. Shall have the qualifications as prescribed by the Securities and Exchange Act and the Securities

Exchange of Thailand regulations;

3. Shall not hold more than one percent of the total shares with voting rights of the Company, its parent

company, subsidiary, associated company, major shareholder, or controlling person. The

shareholding of the related persons of such independent director shall also be included;

4. Shall not be nor have been an executive director, employee, staff member, advisor who receives a

fixed salary, or controlling person of the Company, or of its parent company, subsidiary, associated

company, subsidiary of the same level, major shareholder, or controlling person, with the exception

in the case where the foregoing status ended at least two years prior to the day of the appointment of

the independent director. In this regard, such prohibited characteristics shall not include the case

where the independent director was a former government official or advisor of a government

organization being a major shareholder or controlling person of the Company;

5. Shall not be a person related by blood or legal registration as the father, mother, spouse, sibling, and

child, or the spouse of the child of another director, executive, major shareholder, controlling person,

or person nominated for the position of a director, executive or a controlling person of the Company

or its subsidiary;

6. Shall not have or had a business relationship with the Company, its parent company, subsidiary,

associated company, major shareholder, or controlling person in a manner which may interfere with

his or her independent judgment. Furthermore, an independent director shall not be or have been a

significant shareholder or a controlling person of a person having a business relationship with the

Company, its parent company, subsidiary, associated company, major shareholder, or controlling

person, with the exception in the case where the foregoing status ended at least two years prior to

the day of the appointment of the independent director.

The�term�“business�relationship”�under�the�first�paragraph�shall�include�any�commercial� transaction

in the ordinary course of business; the rental or leasing out of immovable properties; transactions

relating to assets or services or the provision or receipt of financial assistance by means of receiving

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Enclosure 5.

2

or granting loans, guarantees; the pledge of assets as security against debt repayment; as well as

other circumstances of the same nature which result in the Company or its contractual party having

indebtedness in favour of the other party in the amount of three percent or more of the net tangible

assets of the Company, or at the minimum amount of THB �� million, whichever is lower. In this

regard, such indebtedness shall be calculated in accordance with the method for calculating the

value of connected transactions under the Notification of the Capital Market Supervisory Board

governing the criteria on connected transactions, mutatis mutandis. However, the consideration of

the abovementioned indebtedness shall include the indebtedness that occurred during the one-year

period prior to the date on which the business relationship with the person commenced;

7. Shall not be nor have been an auditor of the Company, its parent company, subsidiary, associated

company, major shareholder, or controlling person. He or she shall not be a significant shareholder,

controlling person, or partner of an audit firm which employs auditors of the Company, its parent

company, subsidiary company, associate company, major shareholder or controlling person, with the

exception in the case where the foregoing status ended at least two years prior to the day of the

appointment of the independent director;

8. Shall not provide nor have provided any professional services, including the provision of services as

a legal or financial advisor, receiving service fees in the amount of over THB � million per year from

the Company, its parent company, subsidiary, associated company, major shareholder, or

controlling person. He or she shall not be a significant shareholder, controlling person, or partner of

the professional service provider, with the exception in the case where the foregoing status ended at

least two years prior to the day of the appointment of the independent director;

9. Shall not be a director that has been appointed to act as a representative of the directors of the

Company, its major shareholders, or its shareholders who are related to the major shareholder;

10. Shall not engage in any business of the same nature and which significantly competes with the

business of the Company or its subsidiary. He or she shall not be a significant partner in a

partnership or an executive director, employee, staff member, or advisor who receives a fixed salary,

and shall not hold shares in excess of one percent of the total number of shares with voting rights of

another company that engages in a business of the same nature and which significantly competes

with the business of the Company or its subsidiary;

11. Shall not possess any other characteristics that result in his or her inability to express independent

opinions on the business operations of the Company;

12. Shall be trusted and generally accepted person; and

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64 Invitation to the 2019 Annual General Meeting of Shareholders

Enclosure 7

Guideline for the registration and appointment of a proxy, and the documentation and evidence required to be presented on the date of the meeting Asia Biomass Public Company Limited

The registration

The Company will commence the registration for the meeting attendance for the shareholders and/or

the proxies at 12:00 p.m. on 26 April 2019, at The Bright Meeting Room, 3rd floor, Building A, No. 15/6, Rama

2 Road, Thakarm Sub-district, Bangkhunthian District, Bangkok 10150. The map of the meeting venue is set

out in Enclosure 9.

The appointment of proxy

In the case that the shareholders are unable to attend the meeting, the shareholders can appoint other person

as their proxy to attend the meeting and vote on their behalf. The Company has provided 3 Proxy Forms; the

Proxy Form A, Form B and Form C in accordance with the forms specified by the Department of Business

Development, the Ministry of Commerce, as appeared in Enclosure 5.

The appointment of proxy can be conducted as follows:

1. The general shareholders may choose to use either Proxy Form A or Proxy Form B. In any case, only

one type of the proxy form can be chosen. The Company recommends the shareholders to use Proxy

Form B. and specify the voting for each agenda.

2. The shareholders who are foreign investors and have appointed a custodian in Thailand to be a

share depository and keeper shall choose to use Proxy Form C.

3. The shareholders who appoint the proxy shall appoint only one proxy to attend the meeting and cast

a vote. The shareholder cannot split his/her votes to different proxies to vote separately.

4. The shareholders can appoint any person to be their proxies as they wish, or appoint the

independent director of the Company whose names and profiles are as appears in Enclosure 5. to

be their proxies.

If the shareholders choose to appoint the independent director of the Company to be their proxies,

the Company recommends the shareholders to use Proxy Form B. and specify the voting for each

agenda, and deliver the proxy form with the supporting documents to the Investor Relations

Department, at No. 273/2, Rama 2 Road, Samae Dam Sub-district, Bangkhunthian District, Bangkok

10150, Telephone No. (662) 415-0054, in order for the Company to facilitate the verification of the

documents, please submit all documentations to the Company by 24 April 2019.

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Invitation to the ���� Annual General Meeting of Shareholders 65

Enclosure 7

5. The proxy form must be correctly and clearly filled in, and signed by the shareholder (the grantor)

and the proxy and affixed with Baht 20 stamp duty, crossed and specified the date such proxy is

made.

6. The proxy must present the proxy form and supporting documents for the appointment of proxy

specified in Documents to be presented on the meeting date at registration point for proxies on the

meeting date.

Documents to be presented on the meeting date

Individual

1. In case the shareholders attend the meeting in person:

It is required to present valid identification card or government officer card or driving license or

passport (in case of foreigner), including evidence of name or surname change (if any).

2. In case the shareholders appoint proxy:

It is required to present the following documents:

1) The proxy form, correctly and completely filled in and signed by shareholder (the grantor)

and the proxy, and affixed with a stamp duty.

2) Copy of valid identification card or government officer card or driving license or passport (in

case of foreigner) of shareholder (the grantor), certified as true and correct copy by the

grantor.

3) Valid identification card or government officer card or driving license or passport (in case of

foreigner) of the proxy

Thai Juristic Persons

1. In the case the authorized representative of the shareholders attends the meeting in person:

It is required to present the following documents:

1) Copy of valid identification card or government officer card or driving license or passport (in

case of foreigner) of the authorized representative, certified as true and correct copy by the

representative.

2) Copy of an affidavit of the shareholder, issued by the Ministry of Commerce no more than

three month prior to the meeting date, certified as true and correct copy by the authorized

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66 Invitation to the 2019 Annual General Meeting of Shareholders

Enclosure 7

representative, together with the seal being affixed (if any) and the statement showing that

such authorized representative who attends the meeting is empowered to act on behalf of

such juristic shareholder.

2. In the case the shareholders appoint the proxy to attend the meeting:

It is required to present the following documents:

1) The proxy form, correctly and completely filled in and signed by shareholder (the grantor)

and the proxy, and affixed with a stamp duty.

2) Copy of valid identification card or government officer card or driving license or passport (in

case of foreigner) of the authorized representative, certified as true and correct copy by the

authorized representative.

3) Valid identification card or government officer card or driving license or passport (in case of

foreigner) of the proxy.

4) Copy of an affidavit of the shareholder, issued by the Ministry of Commerce no more than

three months prior to the meeting date, certified as true and correct copy by the authorized

representative, together with the seal being affixed (if any) and the statement showing that

such authorized representative who signs the proxy form is empowered to act on behalf of

such juristic shareholder.

Foreign Juristic Persons

In the case the shareholders, who are foreign juristic persons and have appointed a custodian in Thailand to

be a share depository and keeper, appoint a proxy by using Proxy Form C., it is required to present the

following documents:

1) Documents form custodian

1.1) The Proxy Form C, correctly and completely filled in and signed by the authorized

representative of the custodian who is the grantor together with the seal being affixed (if

any) and the proxy, and affixed with a stamp duty.

1.2) Copy of document confirming that the person who signed the proxy form is permitted to

operate the custodian business, certified as true and correct copy by the authorized

representative of the custodian, together with the seal being affixed (if any).

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Invitation to the ���� Annual General Meeting of Shareholders 67

Enclosure 7

1.3) Copy of an affidavit of the custodian, issued no more than three months prior to the meeting,

certified as true and correct copy by the authorized representative of the custodian together

with the seal being affixed (if any), and the statement showing that such authorized

representative of the custodian, who signs the proxy form as the grantor, is empowered to

act on behalf of the custodian.

1.4) Copy of valid identification card or government officer card or driving license or passport (in

case of foreigner) of the authorized representative of the custodian, certified as true and

correct copy by the authorized representative.

2) Documents from foreign juristic person shareholder

2.1) Power of Attorney from the shareholder appointing the custodian to sign the proxy form on

its behalf.

2.2) Copy of an affidavit of the foreign juristic person shareholder, issued no more than one year

prior to the meeting date, certified as true and correct copy by the authorized

representative, together with the seal being affixed (if any) and the statement showing that

such authorized representative who signs the power of attorney is empowered to act on

behalf of such juristic shareholder.

2.3) Copy of valid identification card or government officer card or driving license or passport (in

case of foreigner) of the authorized representative, certified as true and correct copy by the

authorized representative.

The above documents must be certified by Notary Public and it shall be certified no more than one

year prior to the Meeting.

Any document that does not have original in English language must be submitted together with its

English translation, and the authorized representative of the juristic person must certify as true and

correct translation together with the seal being affixed (if any).

3) Documents from proxy

It is required to present valid identification card or government officer card or driving license or

passport (in case of foreigner) of the proxy.

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Enclosure 7

68 Invitation to the ���� Annual General Meeting of Shareholders

Procedure of participation in the 2019 Annual General Meeting of Shareholders Asia Biomass Public Company limited

April 26, 2019

Shareholder registration

starts at 12.00 p.m.

Shareholders attending in

person

Proxy

Present ID card

Present Proxy Form and copy of ID card

of assignor and ID card of proxy

Sign in registration card

Enter meeting room

Chairman opens the meeting at 2.00 p.m.

Chairman announces vote counting results to the meeting

Officials collect voting tickets from those who object or

abstain only and sum up vote counting results

Those wishing to object or abstain on any agenda show their hand and

fill voting ticket (for those dissenting or abstaining only)

Chairman proposes the agenda respectively

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Enclosure 8

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Articles of Association

Asia Biomass Public Company Limited

Chapter 6

Shareholders’ Meetings

Section �1. The Board of Directors shall call for an annual ordinary meeting of shareholders within four

(4) months from the end of the accounting period of the Company.

Shareholder’s meeting other than as specified in the first paragraph shall be called

extraordinary meetings. The Board of Directors may call for an extraordinary meeting of

shareholders at any time as the Board of Directors deems appropriate.

The shareholders holding shares in aggregate not less than one-fifth (1/5) of the total

number of the shares sold or shareholders numbering not less than twenty-five (25) persons

holding shares amounting not less than one- tenth (1/10) of the total number of shares sold

may at any time submit their names in a letter requesting the Board of Directors to call an

extraordinary meeting, but the reasons for calling such meeting shall be clearly stated in

such letter. In this case, the Board of Directors shall proceed to call a shareholder meeting

to be held within one (1) month from the date of receipt of such letter from the shareholders.

Section �2. In calling a shareholder meeting, the Board of Directors shall prepare an invitation letter

stating the place, date, time, agendas of the meeting and the matters to be proposed to

the meeting with sufficient details by indicating clearly whether it is the matter for

acknowledgment, for approval or for consideration, as the case maybe, including the

opinions of the Board of Directors in the said matters, which shall be delivered to the

shareholders and registrar for their information not less than seven (7) days prior to the date

of the meeting. The invitation letter calling for the meeting shall be advertised in a

newspaper prior to the date of meeting for not less than three (3) consecutive days, and not

less than three days (3) prior to the meeting.

The place at which the meeting is to be held may be the location in the area where the

Company’s head office is situated, or any nearby province as may be specified by the

Board of Directors.

Section �3. On the date of the shareholders’ meeting, the shareholders and proxies (if any) attending

the meeting in the amount of not less than twenty-five (25) persons or not less than half

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70 Invitation to the 2019 Annual General Meeting of Shareholders

(1/2) of the total number of shareholders, and having the aggregate shares of not less than

one-third (1/3) of the total number of shares sold shall constitute a quorum.

At any shareholders’ meeting, if after one (1) hour elapsed and the total number of

shareholders attending the meeting does not constitute a quorum as required by the

foregoing paragraph, the meeting shall be cancelled in case the shareholders’ meeting

was called by the shareholders, and in other cases, the meeting shall be rescheduled

by the sending of another invitation letter to shareholders not less than seven (7) days prior

to the date of the re-scheduled meeting. In the subsequent meeting, a quorum is not

required.

Section �4. The chairman of the Board of Directors shall be the chairman of the shareholders’ meeting.

If the chairman of the board is not present at a meeting or is unable to perform the duty, the

vice- chairman of the board shall act as the chairman of the meeting. If there is no vice-

chairman of the board or the vice- chairman of the board is unable to perform the duty, the

shareholders present at the meeting shall elect one attending shareholders’ meeting to be

the chairman of the meeting.

Section 35. To vote in the shareholders' meeting, one (1) share shall bear one (1) vote. In case any

shareholder has spec ia l conflict of interest in any matter, such shareholder shall not be

entitled to vote on such matter, except for the voting for election of the director. The

resolution of the shareholders' meeting must consist of the following votes:

(1) In normal case, the majority vote of the shareholders who attend the meeting and

cast their votes. In case of a tie vote, the chairman of the meeting shall have

another casting vote.

(2) In the following cases, votes of not less than three-fourth (3/4) of the total votes

of the shareholders who attend the meeting and have the right to vote:

(a) Sale or transfer of the whole or important parts of the business of

the Company to other persons;

(b) Purchase or acceptance of transfer of the business of other private

companies or public companies by the Company;

(c) Making, amending or terminating contracts with respect to the granting

of lease of the whole or important parts of the business of the

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Company, assignment of the management of the business of the

Company to any other persons or the amalgamation of the business

with other persons with purpose of profit and loss sharing.

(d) Amendment of the Memorandum of Association or Articles of Association

of the Company

(e) Increase or decrease of the registered capital of the Company.

(f) Dissolution of Company.

(g) Issuing of debenture of the Company.

(h) Consolidation of business with other company.

Section 36. The annual ordinary general meeting of shareholders shall be held for:

(1) Consideration for acknowledging of report of the Board of Directors showing the

Company business during the past year.

(2) Consideration for approval of statement of financial position and comprehensive

profit and loss statement.

(3) Consideration for profit allotment and dividend payment.

(4) Consideration for appointment of new director replacing the directors

who retire by rotation.

(5) Consideration for determination of the remuneration of the directors.

(6) Consideration for appointment of auditor and fixing the remuneration of auditor.

(7) Other matters

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72 Invitation to the 2019 Annual General Meeting of Shareholders

แผนท�สถานท�จดประชม Map of the Meeting Venue

THE BRIGHT Rama 2 /ศนยการคาเดอะไบรท พระราม 2

Private car : Park in the building C behind the shopping center

Bus : 68 , 76 , 105 , 140 , 141, 142 , 147 , 558

THE BRIGHT : Customer Service

094-489-1877

ประชมสามญผถอหนประจาป 2562 ในวนพฤหสบดท� 26 เมษายน 2562 เวลา 14.00 น. The 2019 Annual General Meeting of Shareholders on Thursday, April 26th,2018 at 2.00 p.m.

ณ หองประชม THE BRIGHT ช �น 3 อาคาร A At THE BRIGHT Meeting Room, 3rd Floor, Building A

ต �งอยเลขท� 15/6 ถนนพระราม 2 แขวงทาขาม เขตบางขนเทยน กรงเทพมหานคร 10150 No.15/6 Thakarm Sub-district, Bangkhunthian District, Bangkok 10150

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