Group Investment Structure

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ANNUAL REPORT 2019 GROUP INVESTMENT STRUCTURE AS AT 31st DECEMBER 2019 TRUE GROUP HAVE INVESTMENT STRUCTURE AS CATEGORIZED BY BUSINESS SEGMENTS AS FOLLOWS : (1) TrueOnline consists of the Company and its 12 active subsidiaries, 2 joint ventures and 1 Associate. (2) TrueMove H consists of 7 active subsidiaries. (3) TrueVisions consists of 12 active subsidiaries, 1 joint venture and 1 Associate. (4) True Digital Group consists of 6 active subsidiaries. (5) Other Businesses consists of 9 active subsidiaries, 3 joint ventures and 1 Associate. True Corporation Public Company Limited • 99.99% True International • 99.99% Telecom Holding Co., Ltd. Gateway Co., Ltd. 91.08% True Multimedia Co., Ltd. 99.99% Asia Wireless 99.99% MKSC World Dot Com Co. Ltd. • 99.99% True Internet Corporation Co., Ltd. Communication Co., Ltd. 62.50% Internet Knowledge Service Center Co., Ltd. 99.99% True E-Logistics Co., Ltd. 99.99% True Icontent Co., Ltd. 100.00%K.I.N. (Thailand) Co., Ltd. 99.84% KSC Commercial (Foreign Company) Internet Co., Ltd. 34.69% Transformation Films Co., Ltd. 99.99% True Digital Group Co., Ltd. (formerly “True Digital & Media Platform Co., Ltd.”) • 55.00% True Voice Co., Ltd. 51.00% Crave Interactive Limited 51.00% Crave Interactive B.V. • 99.99% True Move H Universal 51.00% Crave Interactive Inc Communication Co., Ltd. 99.96% PT True Digital Indonesia 100.00% True Digital Philippines Inc 99.14% Bangkok InterTeletech Public 99.99% True Incube Co., Ltd. Company Limied 99.96% True Move Co., Ltd. 40.00% True Axion Interactive Ltd. 99.99% True Distribution and 30.00% Queue Q (Thailand) Co., Lid. Sales Co., Ltd. 50.00% True-Kona Cavman GP 99.98% True Music Co., Ltd. 26.00% LINE Game-True-Kona Global Fund Limited Partnership 100.00% Goldsky Co., Ltd. 7.69% Genxas Whiz Co.,Ltd 100.00% True Trademark Holdings Company Limited 100.00% Golden Light Co., Ltd. 100.00% Gold Palace Investments Limited 99.99% BFKT (Thailand) Limited 100.00% True Internet Technology 99.99% True Visions Group Co., Ltd. (Shanghai) Co., Ltd. 99.99% True International Communication Co., Ltd. 99.99% Cineplex Co., Ltd. 99.99% True Life Plus Co., Ltd. 99.10% True Visions Cable Public Company Limited 99.99% True4U Station Co., Ltd. 99.99% Telecom Asset Management Co., Ltd. 99.99% True Digital Park Co., Ltd. 99.99% True Media Sulutions Co., Ltd. 46.80% True GS Co., Ltd. 50.00% True Touch Co., Ltd. 51.00% SM True Co., Ltd. 70.00% AP&J Productions Co., Ltd. 51.00% True CJ Creations Co., Ltd. 99.99% Thai News Network (TNN) Co., Ltd. 99.99% Panther Entertainment Co., Ltd. 70.00% True United Football Club Co., Ltd. 99.53% True Visions Public Company Limited 99.99% Satellite Service Co., Ltd. Remarks: 1. Group structure of investment that shows investments in active companies. 2. There has been no persons who may have conflict of interests with the Company holding its subsidiaries and associated companies’ shares more than 10% of total issued shares 3. As at 31 December 2019, True Group held 3,083,675,107 units or equivalent to 29.00% of the total units offered of Digital Telecommunications Infrastructure Fund. 18 18.

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