True : Annual General Meeting/2024 Notification

Date	:	7th March 2024
Subject	:	Invitation to the Annual General Meeting of the Shareholders for the year 2024
		in the form of Hybrid Meeting
Attention	:	All Shareholders of the Company

Enclosures : 1. Proxy Forms and details of Independent Directors (Proxy for Shareholders)

1. Documents for registration, Manual for registration and meeting, and voting method, both onsite and online
2. Annual Report 2023 (Form 56-1 One Report) and copy of the audited Financial Statements for the fiscal year ended 31st December 2023 (QR CODE format)
3. Details of the nominees proposed to be elected as Directors of the Company to replace the Directors who retire by rotation and definition of Independent Director
4. Details of the Auditors
5. Content of the Company's Articles of Association regarding the shareholders meeting
6. Map to the venue of the shareholders meeting and other related information

The Board of Directors Meeting of True Corporation Public Company Limited (the "Company") resolved to convene the Annual General Meeting of the Shareholders ("AGM") for the year 2024 on 5th April 2024 at 2:00 p.m. which will be held in the form of Hybrid Meeting. The Shareholders can choose to attend the 2024 AGM through electronic means, according to the Emergency Decree on Electronic Meetings B.E. 2563 (2020) or at the Auditorium Room on 21st Floor, True Tower, located at No. 18 Ratchadapisek Road, Huai Khwang Sub-District, Huai Khwang District, Bangkok. The Company has announced the schedule and agenda of the 2024 AGM on the websites of the Company (www.truecorp.co.th) and the Stock Exchange of Thailand (www.set.or.th) since 22nd February 2024.

In this connection, the Company has posted the Notice and Enclosures of 2024 AGM in advance on its website since 7th March 2024 in order to provide sufficient time for shareholders to consider the meeting materials prior to receiving a hard copy from the Company.

Furthermore, the Company provided opportunities for minority shareholders to propose agenda items for the Board of Directors' consideration in advance of the AGM and to nominate person(s) to be director(s) by announcing the criteria of such proposal on the Company's website from 1st October 2023 to 31st December 2023. For the 2024 AGM, there is no suggested agenda item were proposed by minority shareholders. Therefore, the Board of Directors sets forth the agenda as follows:

Agenda Item 1	To acknowledge the report on the result of business operation
	of the Company
Background Information	The report on the result of business operation of the Company appears
	under Topic 4 the "Management's Discussion and Analysis" of Part 1
	of the Annual Report (Form 56-1 One Report) which is distributed
	to the shareholders along with this Invitation (Enclosure No. 3).
Opinion of the Board	The Board of Directors was of the opinion that the result of business
	operation of the Company should be reported to the shareholders
	meeting for acknowledgement.
Required Vote	This agenda item is for informational purposes only. The resolution
	is not required for this Agenda Item.
Agenda Item 2	To consider and approve the Statements of Financial Position
	and the Statements of Comprehensive Income for the Fiscal Year
	ended 31st December 2023 of the Company
Background Information	The Statements of	Financial	Position and	the Statements
	of Comprehensive Income of the Company for the fiscal year ended
	31st December 2023, which have been audited by the auditor,
	are summarized as follows:
	Total Assets	Baht	565,861	Million
	Total Liabilities	Baht	260,699	Million
	Total Revenues	Baht	14,681	Million
	Net Profit	Baht	3,999	Million

Details of which is as appeared in the copy of the Financial Statements under Part 3 "Financial Statements" of the Annual Report 2023 (Form 56-1 One Report) which is distributed to the shareholders with this Invitation (Enclosure No. 3).

Opinion of the Board	The Board of Directors concurred with the Audit Committee's
	recommendation and was of the opinion that the Statements of
	Financial Position and the Statements of Comprehensive Income,
	which were the report on the financial activities occurred in the fiscal
	year ended 31st December 2023, and had been audited by the auditor,
	should be proposed to the shareholders meeting for approval.
Required Vote	This matter requires affirmative resolution of a majority vote of
	the total number of votes of shareholders attending and casting votes
	at the meeting.

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Agenda Item 3	To consider and approve the appropriation of net profit for
	the Year 2023 as a legal reserve required by law and omission of
	dividend payment for the Year 2023
Background Information	The dividend payment policy of the Company is to pay no less than 50%
	of its net profit based on the separate financial statements of the Company
	(after deduction of legal reserve), depending on its financial position
	and future business plans.
	In the Year 2023, considering separate financial statements of
	the Company, the Company had net profit from its operations and
	did not have any accumulated loss, thus, the Company has a legal
	obligation to appropriate not less than five percent of its annual net
	profit as a legal reserve. In this connection, the Risk, Cybersecurity
	and Finance Committee proposed recommendation to the Board of
	Directors to propose the shareholders meeting for consideration and
	approval of the appropriation from the 2023 net profit of the Company
	as a legal reserve according to the law, totaling Baht 199,953,958.57,
	which is equal to 5 percent of the 2023 net profit. Furthermore,
	the Board of Directors also recommended to propose the shareholders
	meeting for consideration and approval of the omission of dividend
	payment for the Year 2023 since the consolidated financial
	statements of the Company still has deficit and the Company needs
	to reserve cash for future business operation.
Opinion of the Board	The Board of Directors concurred with the Risk, Cybersecurity and
	Finance Committee's recommendation and was of the opinion that
	the appropriation of net profit for the Year 2023 as a legal reserve
	required by law at	the amount of Baht 199,953,958.57; and
	the omission of dividend payment for the Year 2023 should be proposed
	to the shareholders' meeting for approval, details as above-mentioned.
Required Vote	This matter requires affirmative resolution of a majority vote of
	the total number of votes of shareholders attending and casting votes
	at the meeting.
Agenda Item 4	To consider the election of directors to replace the directors
	who retire by rotation
Background Information	The law and the Articles of Association of the Company require
	an election of directors to replace the directors who retire by rotation.
	The directors who will retire by rotation at the 2024 AGM are as follows:
	1)	Mrs. Kamonwan	Wipulakorn 2) Mr. Vichaow	Rakphongphairoj
	3)	Dr. Gao	Tongqing 4) Ms. Ruza	Sabanovic.

To comply with the Good Corporate Governance Principles, the Company provides opportunities for shareholders to nominate person(s) to be director(s) by announcing the criteria of such proposal on the Company's website from 1st October 2023 to 31st December 2023. For the 2024 AGM, there is no nominated person(s) be proposed by the shareholders to the Company.

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Opinion of the Board	The	Board of	Directors has	considered and concurred with
	the Nomination and Remuneration Committee's recommendation
	and opined that the above-mentioned retiring directors Nos. (1) - (4)
	should be proposed to the Shareholders' meeting for re-election
	as directors of the Company for another term. The Board of Directors
	opined that the retiring directors Nos. (1) - (4) have undergone
	the nomination procedure prescribed by the Company and were qualified
	in accordance with the relevant regulations and suitable for the business
	of the Company. In addition, they also had extensive knowledge and
	experience which are consistent with the Company's business
	strategies. With regard to the Independent Director (which is the retiring
	director No. (1) above), the Board of Directors opined that she is
	qualified in accordance with the regulations relevant to independent
	director and corporate governance practices of the Company as well as
	could express opinion independently. Therefore, the Board of
	Directors was of the opinion that the following retiring 4 directors
	should be proposed to the Shareholders' meeting for re-election
	as directors of the Company for another term. The summary of
	name list are as follows:
	1)	Mrs. Kamonwan	Wipulakorn	Independent Director
	2)	Mr. Vichaow	Rakphongphairoj	Director
	3)	Dr. Gao		Tongqing	Director
	4)	Ms. Ruza		Sabanovic	Director
	To facilitate the decision making of the shareholders, summarized
	qualifications of each candidate and definition of Independent Director are
	provided to the shareholders along with this Invitation (Enclosure No. 4).
Required Vote	This matter requires affirmative resolution of a majority vote with
	the following rules and procedures:
	(1)	One shareholder shall have one vote for each share;
	(2)	Each shareholder shall exercise all the votes he/she has under (1)
		to appoint one or several person(s) to be director(s), provided that
		he/she cannot divide his/her votes to any person to any extent;
	(3) Persons receiving the most votes are those who are elected to be
		directors, in descending order, to the number of directors
		who are to be elected. If there is a tie in the last to be elected
		and this exceeds the said number of directors, the presiding
		chairman shall have an additional casting vote.
	To follow the Good Corporate Governance Principles, the Company
	provides opportunities for shareholders to vote on individual nominee
	by	proposing	the shareholders	meeting	to cast the vote on
	an individual basis.

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Agenda Item 5

To consider and approve the directors' remuneration

Background InformationThe directors' remuneration of the Company is only one type, which is on a fixed monthly basis and categorized by positions. There are no other forms of directors' remuneration. In this regard, the proposed directors' remuneration for the year 2024 is only one type of remuneration for directors, which is on a fixed monthly basis, categorized by positions, and at the same rate as approved by the 2023 AGM. The detail of the directors' remuneration is as follows:

"Directors receive remuneration on a monthly basis

	Chairperson	Baht	300,000 per month
	Vice Chairperson	Baht	150,000 per month
	Director	Baht	100,000 per month
	(Independent or not Independent)
	Independent Director, who is also
	a member of one or more Committees	Baht	200,000 per month
	Independent Director, who is also
	a Chairperson of one or more Committees	Baht	300,000 per month
	In this connection, any director being the Company's employee shall not be
	entitled to receive the director's remuneration. The foregoing resolutions
	shall remain in effect until otherwise resolved by another shareholders meeting."
	The Nomination and Remuneration Committee	has reviewed
	the appropriateness of the above Directors' remuneration structure
	and rate, taking into account the same industry and the size of industry,
	experience, obligations and responsibilities of Directors and recommended
	to the Board of Directors' meeting that the directors' remuneration
	for the year 2024 at the same rate as the previous year, which is
	consistent with the resolution previously approved at the Annual
	General Meeting of Shareholders for the year 2023 should be
	proposed to the Shareholders meeting for approval.
	In this regard, the Company has disclosed the information relating to
	the payment of directors' remuneration under Part 2, Topic 8.1.2
	"Attendance and Remuneration of the Director" of the Annual
	Report 2023 (Form 56-1 One Report)	which	is	distributed to
	the shareholders along with this Invitation (Enclosure No. 3).
Opinion of the Board	The Company does not propose any change of directors' remuneration;
	therefore the resolution is not required according to the Law.
	However, in accordance with Good Corporate Governance Principle,
	the Board of Directors concurred with the Nomination and Remuneration
	Committee's recommendation and was of the opinion that the aforesaid
	remuneration of directors, which is the same rate as approved by
	the 2023 AGM, should be proposed to the shareholders meeting for approval.
Required Vote	This matter requires affirmative resolution of not less than two-thirds
	of the total number of votes of shareholders attending the meeting.
	In this regard, any director who is also a shareholder of the Company
	has no right to vote.

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Agenda Item 6	To consider the appointment of the Company's Auditors and
	determination of the Audit Fee for the Year 2024
Background Information	In order to comply with the Laws and the Articles of Association
	of the Company, the appointment of the auditor and the determination
	of the audit fee for the Year 2024 shall be approved. In this regard,
	the auditors of PricewaterhouseCoopers ABAS Limited have been
	performing auditing functions for the Company since 2023. The auditor
	requests the auditing fee of Baht 6 million for the Year 2024 (which
	is lower than the Year 2023). In this regard, PricewaterhouseCoopers
	ABAS Limited and its proposed auditors have no relationship or
	interests with the Company, subsidiaries, management, major shareholders
	including their related persons, which would affect the independence
	of their performing. Details of the auditors are attached herewith
	(Enclosure No. 5) for shareholders' consideration. In addition,
	details of the audit fee for the Year 2023 of the Company and
	its subsidiaries, which were categorized into audit fee and other
	service fee, were disclosed on Part 2, Topic 7.6.3 "Remuneration for
	Audit Firm" of the 2023 Annual Report (Form 56-1 One Report)
	(Enclosure No. 3).
	The Auditors of all subsidiaries and the Company are the same audit firm.
Opinion of the Board	Due to the Audit Committee's consideration and opinion, it is deemed
	appropriate to propose to the Board of Directors for consideration
	and submission to the shareholders' meeting for appointment of
	Mr. Pisit Thangtanagul, Certified Public Accountant (Thailand)
	No. 4095, Mr. Paiboon Tunkoon, Certified Public Accountant (Thailand)
	No. 4298, and Ms. Nuntika Limviriyalers, Certified Public Accountant
	(Thailand) No. 7358 of PricewaterhouseCoopers ABAS Limited as
	the Company's auditors for the Year 2024, whereby any one of them
	being authorized to conduct the audit and express an opinion on
	the financial statements of the Company. In the absence of
	the above-named auditors, PricewaterhouseCoopers ABAS Limited
	is authorized to appoint other Certified Public Accountants of
	PricewaterhouseCoopers ABAS Limited to carry out the work.
	The audit fee for the Year 2024 should be fixed in total of Baht 6 million.
	Furthermore, if there are additional auditing works beyond the regular
	annual audits, the Audit Committee proposes to the Board of Directors
	to request authorization at the shareholders' meeting to authorize
	the Board of Directors to determine the remuneration for additional
	auditing work on a case-by-case basis.
	The Board of Directors concurred with the Audit Committee's
	recommendation and was of the opinion that Mr. Pisit Thangtanagul,
	Certified Public Accountant (Thailand) No. 4095, Mr. Paiboon
	Tunkoon, Certified Public Accountant (Thailand) No. 4298, and
	Ms. Nuntika Limviriyalers, Certified Public Accountant (Thailand)
	No. 7358 of PricewaterhouseCoopers ABAS Limited should be proposed

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Required Vote

After completion of considering all matters set forth in the agenda

to the shareholders meeting for appointment as the Company's auditors for the Year 2024, whereby any one of them being authorized to conduct the audit and express an opinion on the financial statements of the Company. In the absence of the above-named auditors, PricewaterhouseCoopers ABAS Limited is authorized to appoint other Certified Public Accountants of PricewaterhouseCoopers ABAS Limited to carry out the work. The audit fee for the Year 2024 should be fixed in total of Baht 6 million. In this connection, the Board of Directors requests the shareholders meeting to authorize the Board of Directors to have power to determine the remuneration for additional auditing work on case-by-case basis, should there be additional work.

This matter requires affirmative resolution of a majority vote of the total number of votes of shareholders attending and casting votes at the meeting.

Question and answer session for the shareholders

To follow the Good Corporate Governance Principle, the Company shall not consider other matters other than the agenda specified in the Invitation. Instead, the Company will provide opportunities to the shareholders to raise their questions regardless of whether they are related to the agenda of the meeting.

The date on which the recorded shareholders are entitled to attend the 2024 AGM (Record Date) is set for 8th March 2024.

Shareholders are provided with the singular option between participating the 2024 AGM either through electronic media (E-Meeting/Online) or attending the meeting in person (onsite), enabling them to choose the option that best suits their convenience.

If the Shareholders wish to attend the meeting through the electronic means (E-Meeting/Online) by yourself or appoint a person to attend and vote on your behalf, please study the Manual for registration and meeting through the application IR PLUS AGM (Enclosure No. 2). In order to prepare the readiness in advance of attending the Meeting, the Company will activate the E-Meeting system to allow the Shareholders or their proxies to verify their identity as from 19th March 2024, at 8:00 a.m. until 5th April 2024, at 12:00 p.m. The Shareholders or their proxies can log-in IR PLUS AGM Application to attend the Meeting on 5th April 2024 as from 12:00 p.m. onwards.

For the Shareholders who wish to attend the meeting in person (onsite) at True Tower, the registration will begin at 12.00 hour. Please bring your identification card, or government official identification card, or driving license to verify your right to attend the meeting. If you wish to appoint a person to attend and vote at the meeting on your behalf, please complete and duly execute the enclosed proxy. The duly completed and executed proxy, affixed with the stamp duty, must be deposited with the Company's officer at the registration counter prior to attending the meeting provided that the proxy holder shall bring the documents of identification to verify his right to attend the meeting, as per the details appeared in Enclosure No. 2.

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Furthermore, in case of the Shareholders may not attend the Meeting and wish to appoint the Company's Independent Directors to vote on your behalf, please complete and duly execute the proxy to assign Prof. Dr. Kittipong Kittayarak or Mrs. Pratana Mongkolkul as a proxy holder as the instruction specified in Enclosure No. 1.We would appreciate your kind cooperation to have your proxy and required documents delivered to us by 4th April 2024 at 5:00 p.m.

In case of you have any questions about the meeting, or any inquiries concerning of E-meeting registration or Log-in, please contact Call Center via Tel: [phone] ext. 2 or 626 on Monday - Friday, 9:00 a.m. - 5:30 p.m., during 19th March - 5th April 2024.

Yours sincerely,

Mrs. Rangsinee Sujaritsunchai

Company Secretary

As assigned by the resolution of the Board of Directors

Remark:

Should you have any questions regarding the Agenda of the meeting or any other information related to the Company, you may send questions to the Company in advance of the meeting date via the following channels:

• email : [e-mail]
  (Your kind cooperation to send question 5 days prior to the meeting date would be most appreciated)
• registered post to

"Investor Relations Department,

True Corporation Public Company Limited,

19th Floor, True Tower, No. 18 Ratchadapisek Road,

Huai Khwang Sub-District, Huai Khwang District, Bangkok 10310"

(Your kind cooperation to send question 7 days prior to the meeting date would be most appreciated) Kindly provide your name, address, Email and telephone number for the Company to contact you.

True Corporation Public Company Limited is dedicated to ensuring the protection of shareholders' personal data. To fulfill this commitment, the Company provides a Privacy Policy outlining guidelines for the collection, usage, and disclosure of personal data, as well as identifying relevant processing purposes in accordance with the Personal Data Protection Act B.E. 2562 (2019) ("PDPA"), and current laws and practices. This Privacy Policy is available through our True Privacy Notice at website: www.truecorp.co.th, select "Privacy Policy" or via QR code.

The Company will strictly utilize and retain all personal data only for AGM-related activities as necessary. If shareholders designate a proxy holder to attend the meeting on their behalf, the Company kindly ask you to inform the proxy holder about our Privacy Policy to ensure compliance.

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