Panjawattana Plastic Public Company Limited

Panjawattana Plastic Public Company Limited Annual Report 2012financial costs, before proposing the matter to the Board of Directors for its approval. The Boardwill consider the criteria, conditions and justifications of the transaction taking into account theappropriateness of the tenor and the financial costs. Directors with beneficial interest in thetransaction have to abstain from voting on and are not entitled to attend the meeting forconsideration of the transaction.Policy and Trends of Related Party TransactionsThe Company will maintain the transaction of procuring corrugated boxes from relatedcompanies on reasons of convenience in making contacts and the fact that the procurement isat market price and based on normal business conditions. Rent of land from directors andshareholders will also be maintained because MPC factory is located on such land with rentalcontract made at a reasonable rate.For future RPT that may involve conflicts of interest, the Board of Directors shall complywith the law on securities and exchange, and rules, notifications, ordinance or requirements ofthe Stock Exchange of Thailand, together with requirements regarding disclosure of informationon connected transactions and acquisition or disposal of assets of the Company and itssubsidiaries, as well as the generally accepted accounting standards set out by the Institute ofCertified Accountants and Auditors of Thailand.69