Buriram Sugar Public : Invitation Letter of the 2021 Annual General Meeting of Shareholders

2021 Annual General Meeting of Shareholders

Buriram Sugar Public Company Limited

Thursday 29th April 2021 at 10.00 hrs. (Registration 9.00 hrs.)

through Electronic Media (E-AGM)

according to the Emergency Decree on Electronic Meeting B.E. 2563

Convene the meeting through electronic media (E-AGM) only

Attend in person:

Shareholders will be able to register through the system from 7 April 2021 at 9.00 a.m. onwards

Attend by proxy (Recommend to grant proxy to Independent Director)

Shareholder shall submit the registration documents to the Company within Thrusday 22 April 2021 via the following channels

1. E-mail:[e-mail] or
2. Post: To: Company Secretary, Director Office Buriram Sugar Public Company Limited
   128/77-78 Phayathai Plaza Building 7th Fl., Phayathai Road, Thung Phayathai, Ratchathewi, Bangkok 10400

Buriram Sugar Public Company Limited

No. BRR2 2021/009

April 2th, 2021

Subject: Invitation to the 2021 Annual General Meeting of Shareholders

To:Shareholders of Buriram Sugar Public Company Limited

Attachment

1. Copy of the minutes of the 2020 Annual General Meeting of Shareholders held on August 26th, 2020 (For consideration of agenda 1)
2. 2020 Annual Report ( Digital File) in the form of QR Code including consolidated statements of financial position, profit/ loss financial statements and statement of comprehensive income 2020 (For consideration of agenda 2 and 3)
3. Profiles of the directors proposed for re-election in replacement of the directors retired by rotation (For consideration of agenda 5)
4. Scope of duties of the Board of Directors and definition of the independent directors (For consideration of agenda 5)
5. Profile of the newly appointed auditor (For consideration of agenda 7)
6. Company's articles of association concerning to the shareholders' meeting
7. Guidelines of the 2021 Annual General Meeting of Shareholders
8. • Necessary documents and evidences for meeting attendance
   • Proxy authorization and method of proxy authorization
   • Voting procedures and votes counting
9. Procedures to attend the 2021 Annual General Meeting of Shareholders
10. Profiles of the proxy independent directors
11. Proxy form A, B and C. (Attachment No.10.1, 10.2 and 10.3 respectively)
12. Registration Form for attending the Annual General Meeting of Shareholders through Electronic Media (E-AGM)
13. Requisition form for a printed copy of 2020 Annual Report

The Board of Directors' Meeting No. 1/2021 of Buriram Sugar Public Company

Limited which was held on February 23, 2021 had the resolution to convene the 2021 Annual General Meeting of Shareholders ( " AGM" ) on Thrusday 29 April 2021,

at 10.00 A.M. ( Registration at 09.00-10.00 A.M.) via electronics meeting (E-AGM)

only in accordance with the criteria specified in the laws on electronic meetingat the Meeting room of the Buriram Sugar Public Company Limited (Bangkok Office), which is located on No. 128/77-78Phayathai Plaza Building 7th Fl., Phayathai Road, Thungphayathai, Ratchathewi, Bangkok 10400 to consider the following agenda.

1

Buriram Sugar Public Company Limited

Agenda 1To certify the Minutes of the 2020 Annual General Meeting of Shareholders held on Wednesday 26 August, 2020

Facts and Rationale:The minutes of 2020 Annual General Meeting of Shareholders

which was held on Wednesday 26 April, 2020 was completed within 14 days since the meeting date and submitted to the Stock Exchange of Thailand ("SET") and Ministry of

Commerce within legally required period. (Attachment No.1).

Board of Directors' Opinion:The Board of Directors found that the minutes of 2020 Annual General Meeting of Shareholders had correctly been stated. Thus, The Board of

Directors agrees to propose to the 2021 Annual General Meeting of Shareholders to consider and approve the mentioned minutes. The copy of the minutes can be found in

Attachment No.1.

Required Voting:The majority of votes cast by shareholders attending the meeting and casting vote would be deemed as a resolution.

Agenda 2To acknowledge the report on the company' s operating results for the year 2020

Facts and Rationale:The Company summarized the performance and importance

changes of the year 2020 that are disclosed in the 2020 annual report in the form of QR code as Attachment No.2

Board of Directors' Opinion:The Board of Directors found that it appropriates for the meeting to acknowledge the operating results in 2020.

Required Voting:Voting for this agenda is not required.

Agenda 3To certify and approve the audited financial statements for the year ended on December 31, 2020

Facts and Rationale:The Board of Directors has provided financial statement of the

company for the year ended December on 31, 2020 which has been audited by the certified public accountant to propose to the 2021 Annual General Meeting of Shareholders to consider and approve in conformance with the Section 112 of Public Company Limited Act, B.E. 2535 (Attachment No.2).

Board of Directors' Opinion:The Board of Directors found that it appropriates for

the meeting to consider and approve the financial statements of the company for the year ended on December 31, 2020 which has been audited by the certified public accountant of PricewaterhouseCoopers ABAS Ltd. and approved by the Audit

Committee. The summary of the company's financial statements are stated in the next page.

Required Voting:The majority of votes cast by shareholders attending the meeting and casting vote would be deemed as a resolution.

2

Buriram Sugar Public Company Limited

Financial Statements

Unit: Million Baht

									As at December 31
					2018 (Consolidated)	2019 (Consolidated)	2020 (Consolidated)
					Amount	Percent	Amount		Percent	Amount			Percent
			Assets
			Current Assets
			Cash and Deposits with financial institutions	179.13	1.74			0.47	60.42		0.70
					40.61
			Trade receivables - net	360.41	3.51	388.69		4.49	131.09		1.51
			Farmer receivables - net	598.55	3.52	210.62		2.43	366.58		4.23
			Accrued revenue - Office of Cane and Sugar	301.51	2.93	325.52		3.76	300.84		3.47
			Fund
			Inventories	1,337.51	13.02	911.95		10.53	568.44		6.56
			Current portion of long-term borrowings to	134.93	1.31	127.43		1.47	38.25		0.44
			farmers
			Other current assets	58.48	0.57	65.31		0.75	25.79		0.30
			Total current assets	2,970.52	28.91	2,070.13		23.90	1,491.41		17.22
			Non-current assets
			Farmer non-current receivables	27.11	0.26	31.12		0.36	117.24		1.35
			Non-current accrued revenue- Office of Cane	148.08	1.44	158.76		1.83	170.20		1.96
			and Sugar Fund
			Other long-term investments - net	2.05	0.02	1.41		0.02	-		-
			Investment in an associate	1,208.11	11.76	1,111.34		12.83	1,004.93		11.60
			Financial assets measured at fair value through
			Other comprehensive income								11.41		0.13
			Long-term borrowings to farmers - net	272.94	2.66	193.26		2.23	145.24		1.68
			Real estate investment	3.97	0.04	3.97		0.05	3.97		0.05
			Property, plant and equipment - net	5,432.15	52.86	5,674.84		65.50	5,532.25		63.86
			Right - of-use assets, net								13.88		0.16
			Intangible assets - net	31.09	0.30	31.06		0.36	27.25		0.31
			Deferred tax assets - net	162.60	1.58	126.61		1.46	128.15		1.48
			Other non-current assets	17.60	0.17	26.75		0.31	17.31		0.20
			Total non-current assets	7,305.71	71.09	7,359.12		84.95	7,171.82		82.78
			Total assets	10,276.23	100.00	9,429.25		108.84	8,663.23		100.00
												Unit: Million Baht
									As at December 31
					2018 (Consolidated)		2018 (Consolidated)	2018 (Consolidated)
					Amount		Amount		Amount	Amount	Amount		Amount
	Liabilities and equity
	Current liabilities
	Bank overdrafts		0.34		0.00		-	-	-		-
	Trade and other payables		817.89		7.96		839.19	8.90	674.59		7.79
	Short-term borrowings from financial		2,617.91		25.48		2,611.88	27.70	758.87		8.76
	institutions
	Short-term borrowings from others									349.36		4.03

3