TRUE-DTAC moves forward with merger deal Revealed that it is in the process of implementing the conditions - specific measures set by the NBTC.

True Corporation Public Company Limited (TRUE) Total Access Communication Public Company Limited (DTAC) Informing the Stock Exchange of Thailand (SET) to clarify information about the case filed against the Broadcasting Commission. Television business and the National Telecommunications Commission (NBTC) regarding the NBTC's resolution acknowledging the merger of businesses by means of amalgamation of companies. As the Central Administrative Court has ordered TRUE and DTAC to join as interlopers. and the progress in complying with the conditions or specific measures for the amalgamation of companies set by the NBTC as follows:

1. A lawsuit filed against the NBTC regarding the resolution acknowledging the business combination in which TRUE and DTAC were the interceding parties.

The Company would like to clarify information about the case that has been filed against the NBTC in the case where the NBTC has resolved to acknowledge the business combination by means of amalgamation between the Company and DTAC in which the Company and DTAC are interceding as follows:

A. On November 10, 2565, an independent organization and others filed a lawsuit against the NBTC and the NBTC Office with the Central Administrative Court. To ask the court to revoke the NBTC's resolution acknowledging the business combination by means of amalgamation between the company and DTAC and submit a request to the court for temporary protection. By asking the court to order a stay of enforcement of the resolution acknowledging the business combination by means of the amalgamation of companies. and request the court to prohibit or suspend actions and juristic acts related to the resolution acknowledging the business combination by means of amalgamation of companies.

Later, the court ordered the Company and DTAC to be intervening petitioners in the case because the Company and DTAC are third parties that may be affected by the results of this judgment.

However, on December 9, 2565, the Central Administrative Court ordered to dismiss the entire request for temporary protection. Because there was no reason to hear that the resolution acknowledged the business combination.

By means of merging companies Such NBTC is illegal. The order dismissing the request for temporary protection from the court is final and the plaintiff has no right to appeal such order.

B. On November 11, 2565, a telecommunications operator filed a lawsuit against the NBTC with the Central Administrative Court. To ask the court to revoke the NBTC's resolution acknowledging the business combination by means of amalgamation between the company and DTAC and submit a request to the court for temporary protection, asking the court to order a stay of enforcement of the resolution acknowledging the business combination by means of amalgamation. Amalgamation of such companies and asking the court to temporarily suspend the business combination Later, the court ordered the company and dtac to be intervening petitioners in the case because the company and dtac are third parties that may be affected by the results of this judgment.

However, on January 26, 2566, the Central Administrative Court issued an order dismissing the entire request for temporary protection. Because there is no reason to hear that the resolution acknowledging the business combination using the NBTC's amalgamation method is unlawful.
The order dismissing the request for temporary protection from the court is final and the plaintiff has no right to appeal such order.

Currently, the two cases mentioned above are still being considered by the Central Administrative Court. The fact that the said case is under consideration does not affect the process of merging the companies. This is in accordance with the law on public companies.

2. Compliance with specific conditions or measures specified by the NBTC that must be implemented before the amalgamation of companies. are as follows

after that The NBTC has resolved to acknowledge the report of the business combination of the Company and DTAC and approve specific conditions or measures for the business combination. On October 20, 2565, the Company and DTAC jointly
Consider and proceed according to the conditions or specific measures set by the NBTC. The specific conditions or measures must be implemented before the amalgamation of companies. are as follows

A. Create a concrete innovation development plan. It must be submitted within 60 days after receiving notification of specific conditions or measures. TRUE and DTAC have submitted the plan to the NBTC Secretary-General on December 19, 65.

B. Create a service plan for mobile phone virtual network operators (MVNOs) and a management separation plan. Accounting system for providing mobile network services and mobile phone services. The plan must be submitted before the business merger. TRUE and DTAC will submit the plan to the NBTC Secretary General before the merger is completed.

In addition, for other specific conditions or measures that the NBTC requires to be implemented after the merger is completed. The board of directors of the new company resulting from the amalgamation will consider operations to comply with the said conditions or specific measures and related laws.