Page 39 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

Name No. of Shares % of shareholding

9. Mr. Natthaphon Nitithanatkul 10,000,000 0.91

10. Mr. Watchara Kaewsawang 10,000,000 0.91
Total 627,770,670 57.27

Source: Thailand Securities Depository Company Limited

(b) The major shareholders whose behaviours have had a significant influence on the operational policies
or management of the company

Gulf Ventures Company Limited is a holding company and a subsidiary in which Gulf Energy Development
Public Company Limited holds 100.00 percent of its shares. Gulf Ventures Company Limited held 450,870,934
shares, equivalent to 41.13 percent of the total issued shares of Thaicom Public Company Limited (as of 30
December 2022). The list of shareholders of Gulf Ventures Company Limited as of 5 January 2023 was as follows:

Number of
Name % of shareholding
Shares
1)
1. Gulf Energy Development Public Company Limited 199,999,997 100.00
2. Mrs. Porntipa Chinvetkitvanit 1 0.00
3. Mr. Ratthaphol Cheunsomchit 1 0.00
4. Mr. Ravi Kurmarohita 1 0.00

Total 200,000,000 100.00
_____________________
Remark: Gulf Energy Development Public Company Limited (GULF) is a publicly listed company on the Stock Exchange of Thailand
(SET), operating as a holding company that invests in a portfolio of conventional and renewable power generation, distribution
businesses and other businesses. For additional information about GULF, please refer to their 56-1 One Report available on
www.set.or.th.
Limitation on shares held by foreigners
There is a limitation on the number of shares which may be held by foreign investors in the Company as
per Article 11 of the Company’s Articles of Association as follows:

“The Company’s shares are freely transferable. However, the aggregate number of share of the Company
held by aliens at any one time shall not exceed forty percent of the total issued shares of the Company.
Aliens may acquire newly-issued shares of the Company in excess of the limit prescribed in the first
paragraph of this Article by subscription of new shares issued and offered by the Company in their entirety
to specific individual and/or institutional investors in accordance with the Notification of the Securities and
Exchange Commission, Re: Private Placement, (as amended from time to time) (including shares dividend
or new shares issued to the shareholders under this second paragraph), provided that the aggregate
number of shares held by aliens in such case together with those shares held by aliens under the first and
second paragraphs of this Article shall be less than half of the total issued shares of the Company. This
restriction shall apply to all subsequent transfers”
(2) Agreement among major shareholders

- None –

Part 1 page 26
