Sikarin Public Company Limited

Notification of the Allocation and Subscription

Documents for Newly Issued Ordinary Shares

Sikarin Public Company Limited

Subscription Period: November 3 – 7, 2014

2

Table of contents

Page

Notification of Entitlement to Subscribe to Newly Issued Ordinary Shares of Sikarin

Public Company Limited

3

Notification of the Allocation of Newly Issued Ordinary Shares 7

Part 1 Information on the Allocation of Newly Issued Ordinary Shares 8

Part 2 Preliminary Information of Sikarin Public Company Limited 17

Part 3 Financial Information of the Company 29

Subscription Form for New Ordinary Shares of the Company 38

List of Members who Deposit Securities with Thailand Securities Depository Company

Limited

39

Power of Attorney for Subscription of New Ordinary Shares of the Company 40

Map of the Venue for Subscription of New Ordinary Shares 41

Sor Kor. 0708 / 2014

Date October 6, 2014

Subject Notification of Entitlement to subscribe to Newly Issued Ordinary Shares of


To Shareholders of Sikarin Public Company Limited

Attachment 1. Notification of the Allocation of Newly Issued Ordinary Shares of Sikarin Public

Company Limited

2. Subscription Certification issued by Thailand Securities Depository Co., Ltd.

3. Subscription Form for New Ordinary Shares of Sikarin Public Company Limited

As Sikarin Public Company Limited ("Company") held the Extraordinary General

Meeting No. 1/2557 on September 11, 2014, there was the approval to change the terms of allocation

of new ordinary shares. 20,000,000 newly issued ordinary shares shall be allotted at a par value of

6.50 Baht to the existing shareholders on the pro rate basis (Rights Offering) at the ratio of 5 existing

shares per 1 newly issued ordinary shares at the offering price of 15 Baht (fifteen Baht only). The list

of shareholders entitled to subscribe tothe newly issued ordinary shares (Record Date) was determined

on October 1, 2014.The names under Section 225 of the Securities and Stock Exchange of Thailand

Act B.E. 2535 shall be collected by closing the shareholder register book on 2 October 2014.The

subscription period was determined to be during November 3, 2014 to November 7, 2014.

Therefore, the Company would like to inform you of your entitlement to subscribe to

the newly issued ordinary shares of the Company, the details of which appear in the Notification of

Allocation of Newly Issued Ordinary Shares (Attachment 1). This details the number as specified in

the Subscription Certification (Attachment 2) and the Company would also like to inform you of the

period and methods of subscription as well as the payment therefor, which can be summarized as

follows.

Subscription and payment period for newly issued ordinary shares

Period of subscription

and payment for new ordinary

shares

November 3 – 7, 2014 from 9.00 a.m. to 4.00 p.m.

(5 working days).

4

Venue for subscription

and payment for new ordinary

shares


At the Meeting Room, 2nd Floor, Sikarin Hospital, Building 1

No. 4/29 Moo 10, Srinakarind Road, Bangna Sub - district,

Bangna District, Bangkok, 10260

Tel. : (66) 2366-9900 Fax. : (66) 2366-9907

Shareholders entitled to the

subscription

The list of shareholders entitled to subscribe to the newly issued

ordinary shares (Record Date) shall be determined on October 1,

2014. The names under Section 225 of the Securities and Stock

Exchange of Thailand Act B.E. 2535 shall be collected by closing

the shareholder register book on October 2, 2014 (the day after

the Record Date). In case there is an odd number of shares, it shall

be rounded down.

Subscription entitlement At the ratio of 5 existing shares per 1 newly issued ordinary share

at the offering price of 15 Baht (fifteen Baht only) to existing

shareholders

Subscription method - Shareholders can subscribe to the newly issued ordinary shares

of the Company on the date and at the time and venue as

specified above.

- Documents used in subscription consist of

1. Subscription Form: which is completed and signed in Part

1 and in the subscription receipt (Part 2 of Subscription

Form) (In case of a juristic person, the Form shall be signed

and affixed with the company's seal (if any))

2. Subscription Certification issued by Thailand Securities

Depository Co., Ltd.

3. Evidence of payment, namely, pay-in slip or personal

cheque/cashier’ s cheque or draft (only collectible with the

Clearing House in Bangkok within 1 working day) in which

the name, surname, and telephone number shall be specified

on the back of the evidence of payment.

4. Identification documents with the details as specified in the

Notification of the Allocation of Newly Issued Ordinary

Shares (Attachment 1)

5. Power of Attorney affixed with a 30-Baht duty stamp (in

case of authorization of attorney to act on shareholder's

behalf) as well as a copy of the identity card of the Attorney

signed to certify a true copy.

5

Payment channel

1. Payment made by cash at the venue.

2. Payment by bank transfer to the Company's bank account

Account name: "Subscription A/C for Sikarin (PBLC) Newly

Ordinary Shares"

Bank Bank of Ayudhya Public Company Limited

Branch Big C Wong Sawang

Account type Current account

Account no. 198-0-01189-6

The subscriber shall submit the subscription evidence indicating the shareholder registration number (refer to the

Subscription Certification), name-surname, and telephone

number on the back of the transfer evidence before

November 7, 2014 which is the last day of the subscription

period.

3. Payment by cheque, cashier’ s cheque or draft at the venue

p ayab l e t o "Subscription A/C for Sikarin (PBLC) Newly

Ordinary Shares" that can be collected from the Clearing

House in Bangkok within 1 working day by 4.00 p.m. of

the subscription period. The cheque/cashier’ s cheque or

draft according to the subscription date but not after November

7, 2014, indicating the shareholder registration number

( refer to the Subscription Certification), name-surname,

and telephone number on the back of cheque, cashier’ s

cheque or draft. In case the shareholder does not specify the

name-surname and telephone number on the back of

cheque/cashier’ s cheque or draft, or in case the Company

cannot collect the money from such cheque/cashier ‘ s cheque

or draft , the Company reserves the right to reject such

subscription.

Subscription receipt The Company shall return the subscription receipt (Part 2 of

Subscription Form) as evidence to the shareholder. The

subscription shall be valid only if the Company can collect the

money from such cheque/cashier’ s cheque or draft.

Entitlement waiver For the shareholder who does not exercise the right to subscribe

to or does not pay for the shares within the date specified in the

cheque, cashier’ s cheque or draft or does not send all documents

as required to the Company, the Company shall deem that the

shareholder waives this subscription entitlement.

6

Therefore, the Company would like to inform you of your entitlement to subscribe to the

newly issued ordinary shares of the Company as mentioned above. The Company has stipulated terms

and details as stated herein. If you have any questions, please contact the Investor Relations

Department, Sikarin Public Company Limited, telephone number (66) 2366 - 9900 ext. 2708, fax

number (66) 2366 – 9907.

BestRegards,

(Mr. Suriyan Kojonroj)

Company Secretary and Assistant Managing Director

7

Notification of the Allocation

of Newly Issued Ordinary Shares

(Attachment 1)

8

Part 1: Information on the Allocation of Newly Issued Ordinary Shares

1. Name and Address of the Company

Name of Company: Sikarin Public Company Limited

Type of Business: Private Hospital

Head Office Address: 4/29 Moo 10, Srinakarin Road, Bang Na Sub-district,

Bang Na District, Bangkok 10260

Registration Number: PCL 0107528000018

Telephone: 1728, (66) 2366-9900

Fax: (66) 2366-9942

Website: http://www.sikarin.com

E-mail: [email protected]

2. Board of Directors' Meeting and Shareholder's Meeting at which a resolution for the

allocation of newly issued ordinary shares is passed

Meeting of the Board of Directors of Sikarin Public Company Limited No. 7/2557 on

July 25, 2014

Extraordinary General Meeting No. 1/2557 on September 11, 2014

3. Details of the allocation of the new ordinary shares

Type of new ordinary shares Ordinary share

Paid-up capital before

the capital increase

650,000,000 Baht, consisting of 100,000,000 ordinary

shares at par value of 6.50 Baht

Additional paid-up capital (in

case total new shares are fully

subscribed)



mailto:[email protected]

9

Paid-up capital after the capital

increase with specific objectives

of issuance (In case total new

shares are fully subscribed)



Allocation method New ordinary shares shall be allocated to existing

shareholders whose names appear in the shareholder

register book as of October 1, 2014 and the names under

Section 225 of the Securities and Stock Exchange of

Thailand Act B.E. 2535 shall be collected by closing the

shareholder register book on October 2, 2014 (the day

after the Record Date) on the prorated basis according to

the number of shares each shareholder has. In case there

is an odd number of shares, it shall be rounded up.

In calculating the rights of individual shareholders to

subscribe to newly issued ordinary shares, if there is any

fraction of the ordinary shares from such calculation

according to the ratio of allocation of the newly issued

ordinary shares for each shareholder,the Company shall

round up the number of ordinary shares. Such a fraction

of shares shall be combined with any ordinary shares that

are left from the subscription of which the entitlement

waivers by other shareholders or those not exercised

within the specified period or for which payment has not

been made, or for any other reasons. Allocation of these

remaining shares to shareholders who subscribe to more

shares than the number of shares they are originally

entitled to shall be made on a prorated basis until there is

insufficient share to allocate to existing shareholders

according to the shareholding proportion.

Amount of ordinary shares to

be allocated

20,000,000 shares

Ratio

5 existing shares per 1 newly issued ordinary

Offering price per share 15 Baht (fifteen Baht only)

10

4. Allocation of newly issued ordinary shares

4.1 If a shareholder subscribes to newly issued ordinary shares at a number equal to or less than

the number he is entitled to, such shareholder will be allocated all of the shares for which he

has subscribed.

4.2 If there are any shares left from the the subscription from shareholders, the Board of

Directors of the Company or a person delegated by the Board of Directors shall allocate the

remaining ordinary shares to existing shareholders who wish to subscribe to more shares

than they were originally entitled to (Excess Rights). This will be according to the above

proportion at the same offering price until all new ordinary shares are allocated. In

allocating such remaining new ordinary shares, the number of remaining shares and the

number of shares subscribed by the shareholders who wish to subscribe to more shares than

the number they were originally entitled to shall be taken into account. The Board of

Directors of the Company or person delegated by the Board of Directors shall allocate such

remaining shares to existing shareholders who wish to subscribe to more shares than the

number they were originally entitled to in accordance with the original shareholding (Pro

Rata Basis) at the same price as the shares allocated according to the entitlement as follows.

(1) If there are more remaining shares than shareholders wishing to subscribe to them,

the shares shall be allocated to those who subscribe to more shares than the number

they were originally entitled to and who pay for all subscriptions according to the

excess subscription rules.

(2) If there are fewer remaining shares than shareholders wishing to subscribe to them,

the shares shall be allocated to those who subscribe to more shares than the number

they were originally entitled to according to the following procedures.

(A) The shares shall be allocated according to the original holding of each

shareholder who subscribes to more shares than the number he was originally

entitled to by multiplying the original shareholding proportion by the

remaining shares, which will yield the number of shares to be allocated to each

shareholder.The number of shares to be allocated shall not exceed the number

of shares subscribed to and paid for each shareholder.

(B) If there are shares left from the allocation as per Clause (A), the shares shall be

allocated to those who subscribeto more shares than what they were originally

entitled to and who do not receive the allocation in full according to the original

shareholding proportion of each shareholder by multiplying the original

shareholding proportion of those shareholders with the remaining shares to be

allocated. This shall not exceed the number of shares subscribed to and paid for

by each shareholder. The shares shall be allocated to those who subscribe to

more shares than the number they were originally entitled to according to the

procedures in this Clause (B) until there are no shares left from the allocation.

11

4.3 In this allocation of newly issued ordinary shares, the Company reserves the right not to

allocate new shares to any shareholder if such allocation will make the shareholding

proportion of a foreign shareholder be more than 49 percent of the number of all outstanding

shares of the Company. Such foreign shareholders may not be allocated the shares or may

be allocated only with some portion of the shares.

The Company shall return the subscription price for the shares that are not allocated

to such above mentioned shareholder without any interest.

In case any shareholder receives a fraction of 1 share, such a fraction will be

excluded (rounded down to the nearest whole number).

4.4 In case of a waiver of subscription entitlement, or if any shareholder who does not exercise

the right to subscribe to or does not pay for the shares within the date specified on the cheque,

cashier’ s cheque or draft or does not send all documents as required to the Company, the

Company shall deem that the shareholder waives this subscription entitlement.

5. Date of determination of list of shareholders entitled to subscribe to newly issued ordinary

shares (Record Date)

The Meeting of the Board of Directors of Sikarin Public Company Limited No. 7/2557

on July 25, 2014 and the Extraordinary General Meeting No. 1/2557 on September 11, 2014

approved that the determination of the list of shareholders entitled to subscribe to newly issued

ordinary shares (Record Date) shall be made on October 1, 2014. The names under Section 225 of

the Securities and Stock Exchange of Thailand Act B.E. 2535 shall be collected by closing the

shareholder register book on October 2, 2014 (the day after the Record Date).

6. Subscription and payment period for newly issued ordinary shares

6.1 Subscription period

November 3 – 7, 2014, from 9.00 a.m. to 4.00 p.m. (5 working days)

6.2 Venue for subscription and payment for new ordinary shares

At the Meeting Room, 2nd Floor, Sikarin Hospital, Building 1

No. 4/29 Moo 10, Srinakarind Road, Bangna Sub - district, Bangna District,

Bangkok, 10260

Tel. : (66) 2-366-9900

Fax. : (66) 2-366-9907

7. Methods of subscription and payment for newly issued ordinary shares

7.1 Shareholders can subscribe to newly issued ordinary shares of the Company on the date and

at the time and venue as specified in Clause 6.

7.2 Documents used in subscription consist of

12

(1) Subscription Form: which is completed and signed in Part 1 and in the subscription

receipt (Part 2 of Subscription Form) (In case of a juristic person, the Form shall be

signed and affixed with the company's seal (if any))

(2) Evidence of payment, namely, pay-in slip or personal cheque/cashier’s cheque or

draft (only collectible with Clearing House in Bangkok within 1 working day) in

which the name, surname, and telephone number shall be specified on the back of

the evidence of payment.

(3) Subscription Certification issued by Thailand Securities Depository Co., Ltd.

(4) Identification documents

(A) Thai national: A copy of one’ s identity card, a copy of house registration

containing the identity card number, or a copy of other official documents on the

page that the identity card number is specified shall be provided. These documents

must be certified true copies. (In case the subscriber is a minor, a certified true copy

of the identity card of the guardian (father/mother) and a certified true copy of

house registration at which the minor resides are required.) The signature thereon

must correspond to the signature on all documents accompanying the subscription

for the new ordinary shares.In case of surname change which causes the last name

to not correspond to that appearing in the shareholder register book as of 2 October

2014 or Subscription Certification, a copy of the document that is issued by a

governmental agency such as marriage certificate, divorce certificate, certificate of

name change, shall be attached. All documents must be certified as true copies.

(B) Foreign nationals: A copy of pne’ s alien identification card or a photocopy

of passport shall be provided. All documents must be certified as true copies.

(C) Juristic person registered in Thailand: A copy of a certificate issued by the

Ministry of Commerce for not more than 6 months prior to the date of subscription

shall be provided. Such copy must be certified by the authorized signatory and

affixed with the juristic person's seal (if any). A certified true copy of identity card,

alien identification card or passport (as the case may be) of the foreign authorized

signatory shall also be attached.

(D) Juristic person registered in foreign countries: A copy of the public deed,

Memorandum of Association, and the company's certificate that is not certified

more than 12 months prior to the date of subscription shall be provided. All

documents shall be certified as true copies by the authorized signatory of such

juristic person and affixed with the juristic person's seal (if any). A certified true

copy of an alien identification card or passport (as the case may be) of the foreign

authorized signatory shall also be attached.The signature on any accompanying

documents that are signed to certify a true copy must be certified by a Notary

Public. The documents must also be certified by Thai Embassy officials or a Thai

Consulate in the country where the documents are made, or otherwise certified, and

they must not be certified more than 12 days prior to the date of subscription.

13

The signature on all identification documents must correspond to the

signature on the Subscription Form for New Ordinary Shares.

(5) Power of attorney affixed with 30-Baht duty stamp in case of authorization of

attorney to act on shareholder's behalf as well as the copy of theidentity card of the

Attorney who is signed to certify a true copy shall be provided.

7.3 Any shareholder who wishes to subscribe to newly issued ordinary shares must pay for the

subscription in a lump-sum amount on the date of the subscription.The methods of payment

are as follows.

(1) Payment by bank transfer to the Company's bank account

a. Payment shall be made to the account "Subscription A/C for Sikarin (PBLC)

Newly Ordinary Shares" , Bank of Ayudhya Public Company Limited, Big C

Wong Sawang Branch, with the account type of current account and account

number of 198-0-01189-6. The subscribers shall submit the evidence of

subscription to the Company before 7 November 2014, which is the last day of

the subscription period.

b. Deposit/transfer the money once per Subscription Form, in case of subscription

for shares equal to, less than, or more than the number of shares the subscriber is

entitled to.

c. Please specify the shareholder registration number (refer to the Subscription

Certification), name, surname, and telephone number on the back of the

evidence of pay-in slip.

d. Subscription period in case of payment by money transfer

The subscription period shall be during November 3 – 7, 2014, from 9.00 a.m. to

4.00 p.m. (5 working days).

(2) Payment by cheque/cashier’ s cheque or draft

a. Payment shall be made by cheque, cashier’s cheque or draft at the venue payable

t o "Subscription A/C for Sikarin (PBLC) Newly Ordinary Shares" which can be

collected from the Clearing House in Bangkok within 1 working day by 16.00

hours of the subscription period. Such cheque/cashier’s cheque or draft must

be dated on the subscription date but not after 7 November 2014.

b. Payment shall be made by 1 cheque, cashier’ s cheque or draft per Subscription

Form, if subscription for the shares is equal to, less than, or more than the

number of shares the subscriber is entitled to.

c. Please specify the shareholder registration number (refer to the Subscription

Certification), name-surname, and telephone number on the back of the cheque,

cashier’ s cheque or draft.

d. Subscription period in case of payment by cheque/cashier’ s cheque or draft

e. The subscription period shall be during 3-7 November 2014, 9.00-16.00 hours (5

working days).

14

f. If the shareholder does not specify the name-surname and telephone number on

the back of the cheque/cashier’ s cheque or draft, or in case the Company cannot

collect the money from such cheque/cashier’ s cheque or draft , the Company

reserves the right to reject such subscription.

The subscribers shall bear bank expenses and fees (if any) separately from the

subscription price.

7.4 Any subscribers who have expressed their intention to subscribe to and have paid for the

new ordinary shares cannot cancel their subscription and cannot ask for a refund. The

Company reserves the right to deny the entitlement if the Company does not receive the

documents accompanying subscription and/or the payment therefore within the specified

time, in this case the Company shall further allocate such new ordinary shares to other

shareholders who subscribe more share than the number of shares they are originally entitled

to.

7.5 Refund of subscription price and return of cheque by which the payment is made for

subscription

In case a refund of the subscription price or return of a cheque by which the

payment is made for subscription is required, the Company shall proceed as follows.

(1) If the shareholders who subscribe to more shares than they were originally entitled to

are not allocated with more shares or are allocated with fewer shares than they

subscribed to due to insufficiency of remaining shares, the Company shall refund the

money for the number of unallocated shares without interest or damages.

The Company will send cheque payable to the subscriber only by registered

mail to the address specified in the shareholder register book. If the cheque for

refund of the subscription price has been duly sent by registered mail to the address

specified in the shareholder register book, it shall be deemed that the subscriber has

duly received the refund, and the subscriber shall not claim for any interest or

damages. In case of a subscription without specifying the method of refund receipt,

the Company reserves the right to refund the subscription price to the subscriber by

sending a cheque by registered mail to the address provided in the shareholder

register book.

(2) In case a shareholder does not receive a share allocation because he does not comply

with the conditions of subscriptions and/or the payment for subscription cannot be

collected according to the cheque, the subscriber shall contact the Company to have

the cheque sent back to the specified address.

8. Methods of securities delivery

Any subscriber may, at his option, ask the Company to perform either of the

following.

8.1 If the subscriber wants to deposit the shares with a securities company with which the

subscriber has a trading account, the Company shall deposit the allocated shares with

15

"Thailand Securities Depository Company Limited for Depositors" by Thailand Securities

Depository Company Limited. The securities company shall record the balanc of the

subscriber’ s shares, in which case the subscriber shall be able to trade the allocated shares

on the stock exchange as soon as the stock exchange has allowed the shares of the Company

to be traded on the stock exchange.In the case of this Article 8.1, the name of the subscriber

must correspond to the name of the owner of the trading account in which the shares are to

be deposited; otherwise, the Company shall reserve the right to issue the share certificate to

the subscriber as per Clause 8.2 instead.

8.2 If the subscriber wishes to receive the share certificate in the subscriber's name, Thailand

Securities Depository Company Limited ("Securities Depository Center"), as the registrar of

the Company, shall deliver such share certificate to those granted with the allocation by

registered email according to the name and address in the shareholder register book within

30 working days from the date the subscription period closes. In this case, the subscriber

shall not be able to trade the allocated shares in the Stock Exchange of Thailand ("Stock

Exchange") until he receives the share certificate. The subscriber may receive the share

certificate when the shares are approved to be traded on the Stock Exchange.

8.3 If the subscriber wants to deposit the shares in an account of a securities issuance company,

member number 600, the Company shall deposit the allocated shares with "Thailand

Securities Depository Company Limited". The Securities Depository Center shall record the

balance of shares in such an account in the name of the subscriber and shall issue the

evidence of deposit to the subscriber within 7 days from the date the subscription period

closes. If the subscriber wishes to withdraw such securities, he can contact the Securities

Depository Center to do so. Withdrawal fees at the rate specified by the Securities

Depository Center shall apply.

9. Objectives of capital increase and the use of increased capital

9.1 To use for partial repayment of the debt owed to financial institutions

9.2 To use in the multipurpose building construction project

9.3 To use as working capital of the Company

9.4 To use as a fund for improvement and expansion of service building in the future

10. Benefits the Company will receive from the capital increase/new ordinary share allocation

10.1 To increase competitiveness and expand the business.

10.2 To support the growth of business.

10.3 To increase liquidity and be the working capital used in the Company's business operations.

11. Benefits the shareholders will receive from the capital increase/new ordinary share allocation

11.1 Policy of dividend payment of not more than 70 percent of net profit in each year.

11.2 Subscribers will be entitled to receive a dividend from operations, starting from the year of 2014

onwards.

11.3 Others -N/A-

16

12. Other particulars necessary for the shareholders to decide the approval of capital increase/new

ordinary share allocation

In case of general mandate of capital increase, when the Board of Directors is going to

allocate the shares in each period, all information shall be additionally disclosed according to the

specified criteria and for the benefits of the shareholders.

13. Other important information

13.1 If the number of shares that the shareholder specifies in the Subscription Form does not

correspond to the amount of money the Company receives, the Company reserves the right

to stick to the amount of money the Company receives from the subscription. However,

such an amount shall not exceed the value of the shares allocated to the subscriber.

13.2 The shareholder who exercises his subscription entitlement shall correctly specify the code

of the securities company (as specified on the back of the Subscription Form) with which

the shareholder hold securities trading account. as the shareholder will also supply the

account number of the securities trading account to which he wishes to transfer the allocated

shares.Failure to correctly specify the securities company code or account number of the

securities trading account will result in the shares being unable to be transferred to the

securities trading account.The Company shall not be responsible for any loss of shares or

delay incurred during the tracking of shares in case the shareholder fills in the details

incompletely or incorrectly. The Company shall also reserve the right to issue the share

certificate to the subscriber instead.

13.3 The Company reserves the right to change the conditions of subscriptions, methods of

payment or other information in connection with the methods of subscription of newly

issued ordinary shares as it deems fit in case of any problem, obstacle or limitation in

operation for the benefit of the subscription of the newly issued ordinary shares of the

Company.

17

Part 2: Preliminary Information of Sikarin Public Company Limited

1. General Information

1.1 Products and Services

Sikarin Public Company Limited operates two private hospitals which are Sikarin Hospital and

Rattarin Hospital. Both hospitals have master in all fields is possible to say that Sikarin Hospital

provide a 2 4 hours service andcan be classified according to type of patients admitted to hospital for

two types of outpatient (OPD) and inpatient (IPD).

- Medical Services at Sikarin Hospital

Sikarin Hospital: situated at No. 4/29, Moo 10, Srinakarin Road, Bang Na Sub-

district, Bang Na District, Bangkok, on a plot of land of 11 Rai 81 Square Wah, Officially

inaugurated on December 16, 1993. Today, it has 3 buildings, 235 beds for inpatients and

with capability to handle an average of 2,800 outpatients per day where is totally 23,980

square meter.

Building 1 houses Sub Specialty Center, General Medicine, General Surgery,

Orthopedic Center, Children Center, Dental Center and Sikarin Aesthetic Center.

Sub Specialty Center

- Internal Medicine - Hematology

- Gastroenterology - Endocrinology

- Neurology - Rheumatology

- Chest Specialist - Allergy and Immunology

- Nephrology

Emergency and Trauma Center

- General Surgery - Neuro Surgery

- Urology - Pediatric Surgery

- Chest – Vascular – thoracic Specialist

- Plastic and Reconstructive Surgery

Orthopedic Center

- Hand and Microsurgery

Radiology

Aesthetic Center

- Dermatology

- Plastic and Reconstructive Surgery

Dental Center

18

Children Center

- General Pediatric - Child Development

- Neonatology - Nephrology

- Neurology - Hematology

- Allergy and Immunology - Chest

- Cardiology - Gastroenterology

- Endocrinology

Anesthesiology

Mental Health Department

- Psychology

- Child Psychology

Sikarin Building 2 houses Specialized Women’s Health Center, Health Check - up

Center, Eye Center and Ear, Throat, Nose Center.

Women’s Health Center

- Obstetrics - Gynecology - Infertile Clinic

- Gynecological Oncology

Health Check – up Center

Eye Center

E.N.T Department

Social Welfare Building featuring 380 square meters houses OPD for social security

clients and also provides 3 Midnight Clinics - Internal Medicine Clinic, Surgical Clinic

and Children Center.

General Practice Department

Other Services

Other than Medical Services provided by various departments for inpatients and

outpatients aforementioned, Sikarin Hospital is completed with amenities for the

convenience of clients as follows:

Mobile check-up service: apart from medical check-up services provided in the

medical check-up center in the Hospital, the Hospital also provides the medical check-up

service directly at the customer's site. The customer group consists of office buildings and

factories in Bangkok and vicinity including nearby provinces such as Chonburi Province,

Chachoengsao Province, and so on. Mobile medical check-ups will focus on providing

service to many people at the same time, whereas the hospital can examine around 800-

1,200 people per day per check-up unit. The hospital can provide this service at 3-4

19

locations per day, using state-of-the-art examination systems such as a computer

registration and barcode result recording system. In addition to the hospital being able to

provide services to many people at the same time, the accuracy

Social Security Insurance Service: Present the registration of Sikarin’s social

security insurance person approximately 130,000 with average of outpatient 700 persons

per day. The new building provides convenience to Social Security Insurance person,

service time 8 AM – 8 PM with 2 new specialists. However, the Hospital has no intention

to expand the total of Social Security Insurance person, but shall maintain the number at

about 110,000 - 130,000 persons.

Home Health care: is an agency providing consulting services giving suggestions

regarding health care to the community in Bangna and nearby areas.

Sikarn Restaurant and Sikarn Food Court: From the expansion of customers,

Sikarin Hospital provides 3 restaurants to customers (excluding Food Department which

provides direct services to patients). Two restaurants belong to the Hospital, namely,

Sikarn Restaurant and Sikarn Food Court which hospital clients can visit; people living

nearby also come to use the services

Emergency ambulances: with modern life saving instruments to provide 24 hours

with emergency resuscitation equipment and medical supplies that are equipped with

modern performance.

Foreign Customers Relations: consisting of experts in oriental languages, such as

Chinese and English, to provide hospital’s information and general knowledge to foreign

clients who come to receive services.

The Customers Relations Service: Customers Relations Sevice is available at

every ward to communicate with inpatients’ relatives or friends. Through this service,

clients can communicate or offer suggestions to the hospital more efficiently.

The Future Project

Asian Medical Center: was a project which developed a service area to service

foreign patients, whether they are expat working in Thailand and recommended

from agencies. Those patients require specific clinical services. Every foreign

patient will be directed to the Asian Medical Center.

Medical Emergency Center: Generally, Sikarin Hospital services emergency

patient along with surgery patient which not inappropriate for emergency patient

requires. For those reasons, our plan is to separate these two areas and the

expansion of emergency area will become one time wider.

Construction of Building 3: a 14 – story building including 400 car parking

areas. It’s expected that construction will be complete and service inaugurated

in the 3rd quarter, 2015.

20

- Medical Services at Rattarin Hospital

Rattrin Hospital: situated at No. 999/23-29, Sukhumvit Road, Bangpu Mai Sub-

district, MuangDistrice, SamutPrakanProvionce on plot of land of 1 Rai and 46 Square

Wah.The hospital opens for services with 100 beds, situated on Sukhumvit Road Km. 34,

16 kilometers form Sikarin Hospital or about 25-30 min. travel time. The Company has a

policy that both Sikarin and Rattarin employ all resources which can be shared, by which

Rattarin Hospital relies on Sikarin services principally on patient food, patient laundry,

steamed disinfectant, medical equipment, inclusive of medicine and medical equipment

stocks; the organizational structure of Rattarin is therefore small.

Rattarin Hospital’s target clients are as follows:

Medium – income earners in Bangpoo Mai and Khlong Dan,

Companies in Bangpoo Industrial Estates or Bangpoo Mai Zone, which

offer medical expenses to their employees and people who pay for their own

medical bills as well as employees under life insurance package,

Employees working in factories in the Bangpoo Industrial Estates or

Bangpoo Mai Zone, who receive medical services according to the their

social security program.

Rattrin Hospital availability Full Time Doctor and cover all department - Internal

Medicine Clinic, Surgical Clinic and Children Center Internal Branch Other Medical

Department

Out- patient Department

- Internal Medicine - Orthopedic Center

- General Surgery - Obstetrics - Gynecology

- Children Center - Eye Center

- Emergency and Trauma Center - Dermatology

- Department of Physical Therapy - E.N.T and Allergy Department

Intensive Care Unit

Number of beds

Surgery rooms

Service areas include 9 outpatient diagnosis and emergency rooms, 2 surgery rooms

and 2 recovery rooms, 5 intensive care beds. For inpatients, there are deluxe single and

double-bed rooms and four-bed common rooms, total 60 beds. As for quality management,

Rattarin Hospital has been accredited with the ISO 9001 and HA Level 2.

21

Other Services

Support of patients suffering from accidents and emergency patients As the

location of Rattarin Hospital is near the main road and far from other hospitals, the statistics

of patients suffering from accidents and emergency patients is quite high. Currently,

Rattarin Hospital has an emergency examination room, a resuscitation room with the

availability of a CT scanner, computer x-ray machines, and fluoroscopy, as well as 2

operating rooms and 2 recovery rooms. Therefore, we can ensure that patients suffering

from accidents will be safely treated.

Annual health check-up service In addition, Rattarin Hospital is located near Bang

Pu Industrial Estate. The area of Bang Pu Mai Subdistrict is the location of many different

kinds of factories. Hence, the hospital provides medical check-up services for candidates

before being employed. And annual health check-ups can be supplied to employees of

many companies, both inside and outside the hospital.

1.2 Market and Competition

(1) GDP growth and health expenditure

Over the past 10 years, the GDP growth and health expenditure seemed to go along the

same direction and on an increasing trend. The average GDP growth or CAQR is about 4.2 percent

while the health expenditure growth (CAGE) 5.8 percent. The health expenditure is on the rising trend.

(2) Per capita income

Per capita is directly interrelated with the health expenditure. Though per capita was stuck

in 2009, the growth today is on the rise.

22

(3) Changing population age structure

The largest age range of Thai population today is 40-50 years. In the next two decades,

Thailand will become an old-aged society with the largest age range of 60-65 years, the age range with

highest health expenses. Health careservices will consequently be changed. Diseases to the old aged

will become the main services for the hospitals in the future.

(4) Medium-sized hospitals acceptable to foreign clients

Over the past 10 years, most foreign patients opted for large hospitals with specialized

clinics. But in the past couple of years, those patients seemed to trust medium-sized hospitals with

tertiary care because of such supporting factors as JCI certification, sophisticated medical tools and

technologies as well as effective agencies. The growth rate for foreign clients has moved at a faster

pace.

(5) Change in residential structure

Following the projected expansion of the outer ringroad and extension of the skytrain to

suburbs, the suburban residential growth will continue for several years, especially on the eastern side

of Bangkok along Bangna-Trat and Srinakharin roads where housing and shopping mall projects are

seen.

(6) Tertiary care development

Another obvious trend in the past 3-4 years was tertiary care development Focus in

medium-sized hospitals, which usually had 200-250 beds and provided general medical services to

23

residents around the hospitals in the localities. Following the tertiary care development, those medium-

sized hospitals can provide more complicated medical services to patients in their localities. It’s

convenient for patients to get access to specialized medical services with lower traveling and medical

expenses.

1.3 Risk Factors

(1) Clinical or medical risks

Today, medical information is available and easily accessible through the social network.

Clients often seek initial information about their sickness and have initial self-diagnosis before coming

to the hospital. If the doctor does not diagnose in compliance with their initial diagnosis, they may

argue with the doctor and may lead to a legal conflict. To avoid those problems, Sikarin Public Co.,

Ltd. has applied recognized standard certification to its medical services, namely, Hospital

Accreditation (HA) at the national level and Joint Commission Accreditation (JCI) at the international

level as a guarantee for its credibility so that the clients may be confident that the diagnosis and medical

services provided by Sikarin meet with such national and international standards. By this way,

complaints or legal disputes due to misunderstandings will be kept at the minimal.

(2) Risks in investment in subsidiary or associated

Companies in 2013, Sikarin did not make any transactions considered as a subsidiary or

associated company. If Sikarin wants to do one, it must be approved by the Board of Directors. Prior

to the Board’s consideration, the Audit Committee shall look into that interrelated transaction whether

it’s necessary or beneficial to Sikarin and shareholders or not, whether it complies with the Stock

Exchange of Thailand’s regulations on making an interrelated transaction, acquisition or distribution

of assets.

(3) Legal disputes (cases not yet finalized and not cases from normal business operation)

There are 2 categories:

(3.1) Cases with negative impact on assets by more than 5 percent of the shareholders’

equity or 10 percent of the current assets in case of the negative shareholders’

equity.

Today, Sikarin does not have any cases with negativeimpact on assets by

more than 5 percent of theshareholders’ equity or 10 percent of the current assetsin

case of the negative shareholders’ equity.

(3.2) Legal cases with significant effects on businessoperation (unable to assess in

numeral figures)

Today, Sikarin does not have any lawsuits with significanteffects on

business operation, unable to assess in numberfigures.

1.4 Competitive strategies

The Company emphasizes the development of medical standards and customer intimacy by

creating close relationships with the patient's family. In addition, the Company has a pricing

24

policy that provides excellent value for the money. In terms of medical standards, apart from

the continuous expansion of the Sub Specialty Clinic that meets the health needs of the target

customers in eastern Bangkok, the Company also focuses on the development of a quality

management system for the Hospital.In 2012, Sikarin Hospital was JCI certified (Joint

Commission International Accreditation) which is the highest international hospital standard

that is globally recognized. From this strength, the Company can easily attract foreigners

(expats) who live in Thailand and others who are just visiting.

1.5 Distribution and channels

The Company focuses on facilitating customers in accessing the service or information of

services of the Company so that the customers can recognize, that the Company will recognize the

hospital as a first option in the mind of the customers, and decide to use the services of the Hospital.

The major channels the Company uses to promote the access to the Hospital are as follows.

1. Regarding distribution to general customers, the Company continuously engages in

marketing activities, focusing on creating relationships and promoting good image of the Company,

by using print media and holding activities with external agencies.Furthermore, the Company uses a

Call Center system, using a 4-digit phone number (1728), for ease of recognition and to give

information to customers more quickly and conveniently. There is also the added facilitation in the

communication with foreign customers as there is an international customer relations division that

can support 3 languages, namely, English, Mandarin and Japanese. The Company also provides

mobile medical services and community services directly to the public, which promotes the good

image of the Company as well.

2. Regarding the distribution to business customers, including factories, government

organizations and state enterprises, the Company has trained marketing officers and divided them into

teams for the ease of approaching each group of target customers. The marketing team will contact

other companies directly to present information about its medical services and health check-ups for

employees, as well as other details such as the service rates, duration, and number of services.

In addition to the above methods, the Company also provides documents and leaflets . It

also distributes its information, news and activit ies of the hospital through its website

www.sikarin.com in order to advertise and disseminate the information of benefits of various medical

treatment programs provided by the Hospital and also of health information in various aspects to the

customers of the Hospital.This is to expand the customer base and attract foreign customers (expats)

who live in Thailand and others just visiting.

25

1.6 Information subsidiary and associates

The Company at June 30, 2014 had 2 hospitals under the operation which are Sikarin Hospital

with 235 beds and Rattarin Hospital with 100 beds. In addition, there were 1 investment in associated

company and 2 investments in other companies.

Company Name Business Share All Par

Value

Shear the

Company

%

Sharehold

ers

Securities

1. SKR Management Company

Limited

Office Location

976 Lasalle Road

Bang Na Sub-district,

Bang Na District,

Bangkok10260

Rental Space

Management

Programs

and area

50,000

100

Bath

49,996

99.99%

Common

Stock

2. Sikarin Hatyai Hospital

Company Limited

Office Location

169 Niphatsongkor 1

Hatyai, HatyaiSongkhla

400 Beds

6,500,000

10 Bath

3,120,000

11.77%

Common

Stock

3. Kanjanaburi Memorial Hospital

Company Limited

Office Location

111 Moo 5, Tarmakharm

Amphoemuang Kanchanaburi,

Kanchanaburi

100 Beds

10,562,720

10 Bath

1,000,000

6.67%

Common

Stock


Sikarin Hospital

Rattarin Hospital

SKR Management

Company Limited

( 99.99% )

Kanjanaburi Memorial

Hospital Company

Limited (6.67% )

Sikarin Hatyai Hospital

Company Limited

( 11.77% )

26

Assets of the Company and its subsidiaries

Company Business Assets, As At June 30, 2014

March 31, 2014 December 31, 2013

Consolidated

Consolidated

Financial

Statements

Consolidated

Consolidated

Financial

Statements

Property, plant and

equipment-net 1,685,012,676 1,685,012,676 1,575,141,216 1,575,141,216

Intangible assets-net 34,322,926 34,322,926 24,163,053 24,163,053

Leasehold right-net 47,391,253 47,391,253 49,233,156 49,233,156

Total value-net 1,766,726,855 1,766,726,855 1,648,537,425 1,648,537,425

2. List of directors, executives and major shareholders

The Board of Directors

The Board of Directors of the Company as at September 25, 2014

List of Directors Position

Mr. Seni Jittakasem Chairman(Independent Director),

Pol.Lt.Gen. Jarax Sangtaweep Vice Chairman,

Mr. Sakchai Tanaboonchai Vice Chairman(Independent Director),

Mr. Sanya Sarayudh Vice Chairman,

Dr. Atirat Charoonsri Director,

Mr. Jarun Wiwatjesadawut Director,

Mr. Senee Krajangsri Director,

Mr. Raj Tanta-Nanta Director,

Mr. Sucheep Boonveera Director,

Mr. Kitipan Sasanavin Director,

Mr. Krajang Jaruprukphan Director (Independent Director),

Dr. Vichya Krea-ngam Director (Independent Director),

Mr. Pramuanchai Taweesedt Director (Independent Director),

Mr. Amornrit Kaosaiyanon Director (Independent Director),

Mr. Kasidit Ajanant Director (Independent Director),

27

Management

The Company’s management as at September 25, 2014

List of Directors Position

Pol.Lt.Gen. Jarax Sangtaweep Chief Executive Officer

Dr. Atirat Charoonsri Managing Director,

Mr. Suriyan Kojonroj Assistant Managing Director & Chief Operating Office

Mr. Surasuk Suttamas Chief Administrative Officer,

Mr. Senee Krajangsri Chief Financial Officer.

Note: "Management" in this section have the meanings given by the Capital Market

Supervisory Board. This means the President Four executive positions, first from the President down.

And those who hold positions equivalent to those held management positions at the four ranking.

Major shareholder structure

A list of major shareholder structure Top 10, As at September 25, 2014

No.

Shareholders No. of Shares Percentage

1 Charoonsri Group 21,677,530 21.68%

Mr. Atirat Charoonsri 5,795,380 5.80%

Mrs. Skaorat Charoonsri 3,729,800 3.73%

Miss Sasinapa Charoonsri 3,654,500 3.65%

Miss Natnapang Charoonsri 3,644,500 3.64%

Mr. Terapot Charoonsri 3,080,550 3.08%

Mr. Nattawat Charoonsri 650,000 0.65%

Mrs. Tritaporn Charoonsri 622,800 0.62%

Miss Piengnapa Charoonsri 500,000 0.50%

2 Vibhavadi Medical Center Public Company Limited 9,800,000 9.80%

3 Mahatthanarak Group 4,670,000 4.67%

Miss Ninnate Mahatthanarak 4,260,000 4.26%

Mrs. Nongyao Mahatthanarak 410,000 0.41%

4 Miss Malinee Boonrak 4,660,000 4.66%

5 Mrs. Anchalee Pinrat 4,500,000 4.50%

6 Mr. Noppadon Khemayotin 4,500,000 4.50%

7 MR. TENG, MING - TA 3,956,400 3.96%

8 Mr. Viroj Mutthakarn 3,500,000 3.50%

9 Mr. Sinchai Nisakronsit 3,401,000 3.40%

10 Sangsnit Group 2,090,600 2.09%

Mr. Ravaron Sangsnit 2,030,600 2.03%

Mr. Supoj Sangsnit 60,000 0.06%

28

3. Dividend Increase and in the past 3 years.

(1) History recapitalization of the company in the past 3 years.

- No -

(2) Dividends

Company's policy no payexceed more than 70 percent Net income each year. Pays

dividends for the retroact 3 years (years 2012 – 2014)

Year Dividend for the performance

Payout

Dividend /

Share

Months Dividend

2014 January,2013- December,2013 0.80 Bath/Share May 22, 2014

2013 January,2012 - December,2012 0.75 Bath/Share May 23, 2013

2012 January,2011 - December,2011 0.60Bath/Share May 24, 2012

29

Part 3: Financial Information of the Company

Comparative Financial Information for the Past 3 Years

1. Financial statements in whichthe equity method is applied

SIKARIN PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY

STATEMENT OF FINANCIAL POSITION

AS AT JUNE 30, 2014

(UNIT : BAHT)

17,151,206 0.78% 30,066,645 1.48% 12,813,912 0.72% 16,848,876 1.05%

1,914,783 0.09% 1,887,905 0.09% 1,841,596 0.10% 715,894 0.04%

100,485,220 4.54% 110,627,937 5.46% 91,739,944 5.15% 95,866,338 5.99%

16,070,689 0.73% 17,753,219 0.88% 13,327,027 0.75% 9,964,445 0.62%

164,819,686 7.45% 78,233,380 3.86% 108,230,800 6.08% 38,030,658 2.38%

44,715,261 2.02% 45,078,060 2.23% 46,551,312 2.61% 57,556,035 3.60%

19,465,641 0.88% 13,155,521 0.65% 11,140,469 0.63% 6,204,115 0.39%

364,622,486 16.49% 296,802,667 14.65% 285,645,060 16.04% 225,186,361 14.07%

-

5,557,158 0.25% 5,581,890 0.28% 5,631,765 0.32% 5,681,777 0.36%

1,685,012,676 76.21% 1,575,141,216 77.76% 1,395,911,696 78.38% 1,291,418,688 80.69%

34,322,926 1.55% 24,163,053 1.19% 25,163,366 1.41% 3,577,725 0.22%

47,391,253 2.14% 49,233,156 2.43% 53,216,183 2.99% 57,952,014 3.62%

13,815,194 0.62% 13,457,369 0.66% 13,667,275 0.77% 14,172,414 0.89%

Advance for building construction 56,176,123 2.54% 58,101,000 2.87% - - - -

Others 4,086,394 0.18% 3,131,794 0.15% 1,626,194 0.09% 1,260,668 0.08%

1,846,446,724 85.35% 1,728,894,478 85.35% 1,495,301,479 85.35% 1,375,243,286 85.35%

2,211,069,210 100.00% 2,025,697,145 100.00% 1,780,946,539 100.00% 1,600,429,647 100.00%

Total non-current assets

Total assets

As at

December31,

2012

(Reinstated)

As at

December31,

2011

(Reinstated)

Common

Size (%)

Common

Size (%)

Common

Size (%)

Common

Size (%)

As at

December 31,

2013

85,000 0.00% 85,000 0.00% 1,180,000 0.07%

Deferred tax assets

Other non-current assets

Fixed deposit pledged as collateral 0.00%85,000

Non-current assets

Investment in subsidiary

Investment property

Property, plant and equipment

Intangible assets

Leasehold right

Accounts receivable

Other receivables

Accrued income

Inventories

Other current assets

Total current assets

Consolidated Financial Statements

Assets

Current assets

Cash and cash equivalents

Short-term investments in fixed deposit

As at June 30,

2014

30



AS AT JUNE 30 , 2014

(UNIT : BAHT)

164,397,193 7.44% 76,122,715 3.76% 131,225,969 7.37% 24,744,403 1.55%

69,440,967 3.14% 75,055,088 3.71% 67,716,018 3.80% 72,623,439 4.54%

166,955,255 7.55% 128,451,245 6.34% 111,199,461 6.24% 99,384,334 6.21%

105,633,008

16,892,617

13,416,548 0.61% 13,133,025 0.65% 10,967,527 0.62% 22,267,015 1.39%

13,931,339 0.63% 7,082,310 0.35% 5,006,970 0.28% 3,627,653 0.23%

11,814,965 0.53% 5,269,060 0.26% 5,502,174 0.31% 7,248,261 0.45%

562,481,892 25.44% 393,917,369 19.45% 426,566,481 23.95% 329,929,450 20.62%

37,206,244 10.73% 212,057,928 10.47% 162,149,600 9.10% 146,466,611 9.15%

3,870,322 1.08% 13,837,806 0.68% 23,962,335 1.35% 29,712,606 1.86%

4,961,103 1.58% 35,290,947 1.74% 34,910,362 1.96% 34,740,293 2.17%

5,177,935 1.14% 23,214,972 1.15% 20,921,961 1.17% 18,858,009 1.18%

321,215,604 14.53% 284,401,653 14.04% 241,944,258 13.59% 229,777,519 14.36%

883,697,496 39.97% 678,319,022 33.49% 668,510,739 37.54% 559,706,969 34.97%

910,000,000 910,000,000 910,000,000 910,000,000

650,000,000 29.40% 650,000,000 32.09% 650,000,000 36.50% 650,000,000 40.61%

7,107,485 0.32% 7,107,485 0.35% 7,107,485 0.40% 7,107,485 0.44%

105,081,744 4.75% 105,081,744 5.19% 4,716,937 0.26% - 0.00%

-Appropriated Statutory reserve 36,894,137 1.67% 29,460,184 1.45% 23,434,784 1.32% 17,868,937 1.12%

-Unappropriated 417,492,892 18.88% 438,986,851 21.67% 303,657,159 17.05% 236,200,612 14.76%

1,327,371,714 60.03% 1,347,378,123 66.51% 1,112,435,800 62.46% 1,040,722,678 65.03%

2,211,069,210 100.00% 2,025,697,145 100.00% 1,780,946,539 100.00% 1,600,429,647 100.00%

129,545,644 8.09%

Total shareholders' equity

Total liabilities and shareholders' equity

Common

Size (%)

Common

Size (%)

Common

Size (%)

Common

Size (%)

As at

December 31,

2011

(Reinstated)

As at

December 31,

2012

(Reinstated)

110,795,456 5.01% 116,741,859 5.76% 123,519,435 6.94%

Premium on capital reduction

Premium on sale treasury shares

Retained earnings

Unrealized increment per assets

appraisal

Total non-current liabilities

Total liabilities

Shareholders' equity

Share capital (Baht 6.50 each)

Authorized share capital (140,000,000

ordinary shares)

Issued and paid-up share capital

(100,000,000 ordinary shares)

Total current liabilities

Non-current liabilities

Long-term loans from institute

Liabilities under long-term agreements

Deferred tax liabilities

Employee benefits obligation

1.10% 15,806,446 0.99%

Accrued income tax

Accrued dividend

Other current liabilities

75,438,688 4.24% 84,227,899 5.26%

Current portion of liabilities under long-

term agreement 0.76% 17,703,920 0.87% 19,509,674

Other payables

Current portion of long-term loans from

institute 4.78% 71,100,006 3.51%

Consolidated Financial Statements

Liabilities

Current liabilities

Bank overdrafts and short - term loans

from institute

Accounts payable

As at

December 31,

2013

As at June 30,

2014

31




(UNIT : BAHT)

16,427,486 0.74% 30,066,645 1.48% 12,813,912 0.72% 16,848,876 1.05%

1,914,783 0.09% 1,887,905 0.09% 1,841,596 0.10% 715,894 0.04%

100,485,220 4.54% 110,627,937 5.46% 91,739,944 5.15% 95,866,338 5.99%

16,070,689 0.73% 17,753,219 0.88% 13,327,027 0.75% 9,964,445 0.62%

164,819,686 7.45% 78,233,380 3.86% 108,230,800 6.08% 38,030,658 2.38%

44,715,261 2.02% 45,078,060 2.23% 46,551,312 2.61% 57,556,035 3.60%

18,606,041 0.84% 13,155,521 0.65% 11,140,469 0.63% 6,204,115 0.39%

363,039,166 16.40% 296,802,667 14.65% 285,645,060 16.04% 225,186,361 14.07%

4,999,600 - - - - - - -

5,557,158 0.25% 5,581,890 0.28% 5,631,765 0.32% 5,681,777 0.36%

1,685,012,676 76.12% 1,575,141,216 77.76% 1,395,911,696 78.38% 1,291,418,688 80.69%

34,322,926 1.55% 24,163,053 1.19% 25,163,366 1.41% 3,577,725 0.22%

47,391,253 2.14% 49,233,156 2.43% 53,216,183 2.99% 57,952,014 3.62%

13,815,194 0.62% 13,457,369 0.66% 13,667,275 0.77% 14,172,414 0.89%

Fixed deposit pledged as collateral 85,000 0.00% 85,000 0.00% 85,000 0.00% 1,180,000 0.07%

Advance for building construction 56,176,123 2.54% 58,101,000 2.87% - - - -

Others 3,086,394 0.14% 3,131,794 0.15% 1,626,194 0.09% 1,260,668 0.08%

1,850,446,324 85.35% 1,728,894,478 85.35% 1,495,301,479 85.35% 1,375,243,286 85.35%

2,213,485,490 100.00% 2,025,697,145 100.00% 1,780,946,539 100.00% 1,600,429,647 100.00%

As at

December 31,

2011

(Reinstated)

Common

Size (%)

Deferred tax assets


Total non-current assets

Total assets

As at June 30,

2014

Common

Size (%)

Non-current assets

Investment in subsidiary

Investment property

Property, plant and equipment

Intangible assets

Leasehold right

Accounts receivable

Other receivables

Accrued income

Inventories


Total current assets

Separate Financial Statements

Assets

Current assets

Cash and cash equivalents

Short-term investments in fixed deposit

As at December

31, 2013

Common

Size (%)

As at

December 31,

2012

(Reinstated)

Common

Size (%)

32




(UNIT : BAHT)

69,440,967 3.14% 75,055,088 3.71% 67,716,018 3.80% 72,623,439 4.54%

166,955,255 7.54% 128,451,245 6.34% 111,199,461 6.24% 99,384,334 6.21%

105,633,008

16,892,617

13,416,548 0.61% 13,133,025 0.65% 10,967,527 0.62% 22,267,015 1.39%

13,931,339 0.63% 7,082,310 0.35% 5,006,970 0.28% 3,627,653 0.23%

11,814,965 0.53% 5,269,060 0.26% 5,502,174 0.31% 7,248,261 0.45%

562,481,892 25.41% 393,917,369 19.45% 426,566,481 23.95% 329,929,450 20.62%

237,206,244 10.72% 212,057,928 10.47% 162,149,600 9.10% 146,466,611 9.15%

23,870,322 1.08% 13,837,806 0.68% 23,962,335 1.35% 29,712,606 1.86%

34,961,103 1.58% 35,290,947 1.74% 34,910,362 1.96% 34,740,293 2.17%

25,177,935 1.14% 23,214,972 1.15% 20,921,961 1.17% 18,858,009 1.18%

321,215,604 14.51% 284,401,653 14.04% 241,944,258 13.59% 229,777,519 14.36%

883,697,496 39.92% 678,319,022 33.49% 668,510,739 37.54% 559,706,969 34.97%

910,000,000 910,000,000 910,000,000 910,000,000

650,000,000 29.37% 650,000,000 32.09% 650,000,000 36.50% 650,000,000 40.61%

7,107,485 0.32% 7,107,485 0.35% 7,107,485 0.40% 7,107,485 0.44%

105,081,744 4.75% 105,081,744 5.19% 4,716,937 0.26% - 0.00%

-Appropriated Statutory reserve 36,894,137 1.67% 29,460,184 1.45% 23,434,784 1.32% 17,868,937 1.12%

-Unappropriated 419,909,172 18.97% 438,986,851 21.67% 303,657,159 17.05% 236,200,612 14.76%

1,329,787,994 60.08% 1,347,378,123 66.51% 1,112,435,800 62.46% 1,040,722,678 65.03%

2,213,485,490 100.00% 2,025,697,145 100.00% 1,780,946,539 100.00% 1,600,429,647 100.00%

As at

December 31,

2011

(Reinstated)

Common

Size (%)

129,545,644 8.09%

Total shareholders' equity

Total liabilities and shareholders' equity

As at June 30,

2014

Common

Size (%)

As at December

31, 2013

Common

Size (%)

As at

December 31,

2012

(Reinstated)

Common

Size (%)

110,795,456 5.01% 116,741,859 5.76% 123,519,435 6.94%

Premium on sale treasury shares

Retained earnings

Unrealized increment per assets

appraisal

Total liabilities

Shareholders' equity

Share capital (Baht 6.50 each)

Authorized share capital (140,000,000 ordinary

shares)

Issued and paid-up share capital (100,000,000

ordinary shares)

Premium on capital reduction

Non-current liabilities

Long-term loans from institute

Liabilities under long-term agreements

Deferred tax liabilities

Employee benefits obligation

Total non-current liabilities

Accrued dividend


Total current liabilities

19,509,674 1.10% 15,806,446 0.99%

Accrued income tax

Current portion of liabilities under

long-term agreement 0.76% 17,703,920 0.87%

71,100,006 3.51% 75,438,688 4.24% 84,227,899 5.26%

Other payables

Current portion of long-term loans

from institute 4.77%

3.76% 131,225,969 7.37% 24,744,403 1.55%

Accounts payable


Liabilities

Current liabilities

Bank overdrafts and short - term loans

from institute 164,397,193 7.44% 76,122,715

33


STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX - MONTH PERIOD ENDED JUNE 30, 2014

Medical service revenues 882,347,750 96.49% 761,231,696 96.45% 1,650,788,486 96.77% 1,525,919,963 97.07%

Food and beverage revenues 20,947,682 2.29% 15,583,583 1.97% 34,965,129 2.05% 27,291,389 1.74%

Other income 11,117,495 1.22% 12,470,156 1.58% 20,049,115 1.18% 18,788,236 1.20%

Total revenues 914,412,927 100.00% 789,285,435 100.00% 1,705,802,730 100.00% 1,571,999,588 100.00%

Cost of medical services 623,252,945 68.16% 532,882,997 67.51% 1,134,512,055 66.51% 1,059,973,413 67.43%

Cost of food and beverage 12,215,730 1.34% 9,343,871 1.18% 20,348,549 1.19% 17,648,160 1.12%

Administrative expenses 194,829,200 21.31% 162,086,656 20.54% 341,177,283 20.00% 315,772,135 20.09%

Financial cost 8,480,908 0.93% 9,168,886 1.16% 23,401,036 1.37% 20,097,637 1.28%

Total expenses 838,778,783 91.73% 713,482,410 90.40% 1,519,438,923 89.07% 1,413,491,345 89.92%

75,634,144 8.27% 75,803,025 9.60% 186,363,807 10.93% 158,508,243 10.08%

15,640,553 1.71% 15,463,185 1.96% 37,684,751 2.21% 38,675,458 2.46%

59,993,591 6.56% 60,339,840 7.64% 148,679,056 8.72% 119,832,785 7.62%

- - - - - - - -

59,993,591 6.56% 60,339,840 7.64% 148,679,056 8.72% 119,832,785 7.62%

Profit for the period 0.6 0.63 1.5 1.27

Medical service revenues 882,347,750 96.49% 761,231,696 96.45% 1,650,788,486 96.77% 1,525,919,963 97.07%

Food and beverage revenues 20,947,682 2.29% 15,583,583 1.97% 34,965,129 2.05% 27,291,389 1.74%

Other income 11,117,495 1.22% 12,470,156 1.58% 20,049,115 1.18% 18,788,236 1.20%

Total revenues 914,412,927 100.00% 789,285,435 100.00% 1,705,802,730 100.00% 1,571,999,588 100.00%

Cost of medical services 623,252,945 68.16% 532,882,997 67.51% 1,134,512,055 66.51% 1,059,973,413 67.43%

Cost of food and beverage 12,215,730 1.34% 9,343,871 1.18% 20,348,549 1.19% 17,648,160 1.12%

Administrative expenses 192,412,920 21.04% 162,086,656 20.54% 341,177,283 20.00% 315,772,135 20.09%

Financial cost 8,480,908 0.93% 9,168,886 1.16% 23,401,036 1.37% 20,097,637 1.28%

Total expenses 836,362,503 91.46% 713,482,410 90.40% 1,519,438,923 89.07% 1,413,491,345 89.92%

78,050,424 8.54% 75,803,025 9.60% 186,363,807 10.93% 158,508,243 10.08%

15,640,553 1.71% 15,463,185 1.96% 37,684,751 2.21% 38,675,458 2.46%

62,409,871 6.83% 60,339,840 7.64% 148,679,056 8.72% 119,832,785 7.62%

- 0.00% - 0.00% - 0.00% - 0.00%

62,409,871 6.83% 60,339,840 7.64% 148,679,056 8.72% 119,832,785 7.62%

Profit for the period 0.62 0.63 1.5 1.27

As at December

31, 2012

(Reinstated)

As at December

31, 2013

Common

Size (%)

Common

Size (%)

As at December

31, 2013

Common

Size (%)

As at December

31, 2012

(Reinstated)

Profit before tax expense

Tax expense

Profit for the period

Other comprehensive income

Total comprehensive income for the period

Basic earnings per share (Baht per share)

(UNIT : BAHT) Separate Financial Statements

Revenues 6M2014 6M2013

Expenses

Common

Size (%)

Profit before tax expense

Tax expense


Other comprehensive income

Total comprehensive income for the period

Basic earnings per share (Baht per share)

(UNIT : BAHT) Cosolidted financial statements

Revenues 6M2014 6M2013

Expenses

Common

Size (%)

Common

Size (%)

Common

Size (%)

Common

Size (%)

34


STATEMENT OF CASH FLOWS


(UNIT : BAHT)

59,993,591 60,339,840 148,679,056 119,832,785 110,408,056

Depreciation and amortized expenses 66,424,462 61,551,727 128,137,832 114,860,396 98,242,549

Bad debt and doubtful accounts (reverse) -948,785 -2,418,923 -3,030,922 1,083,573 -1,410,301

Doubtful account in long-term loans and accrued interest to

associated company (reverse)

Loss on impairment of investment in associated company

(reverse)

Loss on impairment of general investment (reverse) -50,000 - - - -

(Gain) loss on sale of fixed assets -763,139 -4,022,444 -3,614,428 546,137 1,102,366

Employee benefits obligation cost 1,962,963 1,452,986 2,905,971 2,779,332 2,680,577

Interest income -60,370 -118,938 -172,173 -145,588 -415,954

Interest expenses 8,480,908 9,168,886 23,401,036 20,097,637 16,892,048

Tax expense 15,640,553 15,463,185 37,684,751 38,675,458 47,224,085

148,988,480 141,416,319

Accounts receivable 11,091,502 1,503,253 -15,857,071 3,042,822 -20,024,931

Other receivables 1,682,530 226,775 -4,426,192 -3,362,582 616,252

Accrued income -86,586,306 -23,623,341 29,997,420 -70,200,142 -1,109,461

Inventories 362,799 6,761,771 1,473,252 11,004,723 -14,983,897

Other current assets -6,310,120 1,207,830 -2,015,053 -4,936,354 -144,486

Other non-current assets 970,277 -1,065,900 -1,505,600 -365,526 -8,000

Accounts payable -5,614,120 -2,786,679 7,339,069 -4,907,421 9,026,834

Other payables 15,093,129 1,330,843 17,169,857 11,582,984 7,981,332

Other current liabilities 6,545,905 2,044,960 -233,114 -1,746,087 3,854,767

86,224,076 127,015,831 365,933,691 237,842,147 259,931,836

- -461,360 -612,960 -715,380 -580,820

-16,044,700 -17,388,016 -34,928,761 -49,299,738 -34,596,046

Net cash provided (used in) by operating activities 70,179,376 109,166,455 330,391,970 187,827,029 224,754,970

Cash received from operation

Cash paid for employee benefits obligation cost

Cash paid for income tax

As at

December 31,

2013

As at

December 31,

2012

(Reinstated)

As at

December 31,

2011

(Reinstated)

Profit from operations before changes in operating assets and

liabilities 333,991,123 297,729,730 274,723,426

Operating assets (increase) decrease

Operating liabilities increase (decrease)

- -

-1,000,000 - - - -


Items to reconcile net profit to net cash flows from operating activities

-691,703 - -

Consolidated financial statements

6M2014 6M2013

Cash flows from operating activities

35




(UNIT : BAHT)

-26,878 -34,496 -46,309 -1,125,702 5,428,682

- 1,095,000 11,434,800

-58,101,000 -

-139,017,537 -202,386,411 -285,832,226 -192,003,667 -220,918,681

-461,418 -5,319,372 -3,322,465 -24,117,671 -2,468,712

- - - - -

- - -160,500 -93,611 -781,932

6,108,000 5,553,000 5,997,450 282,800 240,142

1,000,000 - - - -

50,000 - - - -

60,370 118,938 172,173 145,588 415,954

Net cash provided (used in) investing activities -131,595,760 -202,068,341 -341,292,877 -215,817,263 -206,649,747

88,274,478 -1,562,651 -55,103,254 106,481,566 -14,593,609

93,564,031 79,570,400 121,070,400 91,431,677 98,943,418

-33,882,713 -47,320,754 -75,500,754 -84,537,899 -68,300,000

-11,413,467 -10,091,843 -20,357,082 -18,867,783 -13,001,285

-14,890,413 -11,788,021 -30,294,278 -23,811,945 -18,706,547

-73,150,971 -68,650,154 -69,455,159 -55,016,783 -44,977,776

- 157,793,768 157,793,767 8,276,437 -

48,500,945 97,950,745 28,153,640 23,955,270 -60,635,799

-12,915,439 5,048,859 17,252,733

30,066,645 12,813,912 12,813,912 16,848,876 59,379,452

17,151,206 17,862,771 30,066,645 12,813,912 16,848,876

Net increase (decrease) in cash and cash equivalents-4,034,964 -42,530,576

Cash and cash equivalents - at beginning of the period

Cash and cash equivalents - at ending of the period

As at December

31, 2013

As at December

31, 2012

(Reinstated)

As at December

31, 2011

(Reinstated)

Cash paid for liabilities under long-term agreements

Cash paid for interest expenses

Cash paid for dividend

Cash receive from sale treasury shares

Net cash provided (used in) financing activities

Cash received for interest income

Cash flows from financing activities

Increase (decrease) in bank overdrafts

Cash receive from long-term loans

Cash paid for long-term loans

associated company691,703 - - - -

Cash paid for investment in subsidiary (net from cash purchase)

Cash paid for land improvement - leasehold right

Cash received from sale of fixed assets

Cash receive from sale investment in associated company

Cash receive from sale general investment

Cash receive from long-term loans and accrued interest to

Cash flows from investing activities

Short-trm investments in fixed deposit (increase) decrease

(Increase) decrease in fixed deposits with commitment

Cash paid for advance for building construction

Cash paid for construction, decoration building and equipment

Cash paid for intangible assets

Consolidated financial statements

6M2014 6M2013

36




(UNIT : BAHT)

62,409,871 60,339,840 148,679,056 119,832,785 110,408,056

66,424,462 61,551,727 128,137,832 114,860,396 98,242,549

-948,785 -2,418,923 -3,030,922 1,083,573 -1,410,301

-50,000 - - - -

-763,139 -4,022,444 -3,614,428 546,137 1,102,366

1,962,963 1,452,986 2,905,971 2,779,332 2,680,577

-60,370 -118,938 -172,173 -145,588 -415,954

8,480,908 9,168,886 23,401,036 20,097,637 16,892,048

15,640,553 15,463,185 37,684,751 38,675,458 47,224,085

151,404,760 141,416,319

11,091,502 1,503,253 -15,857,071 3,042,822 -20,024,931

1,682,530 226,775 -4,426,192 -3,362,582 616,252

-86,586,306 -23,623,341 29,997,420 -70,200,142 -1,109,461

362,799 6,761,771 1,473,252 11,004,723 -14,983,897

-5,450,520 1,207,830 -2,015,053 -4,936,354 -144,486

1,970,277 -1,065,900 -1,505,600 -365,526 -8,000

-5,614,120 -2,786,679 7,339,069 -4,907,421 9,026,834

15,093,129 1,330,843 17,169,857 11,582,984 7,981,332

6,545,905 2,044,960 -233,114 -1,746,087 3,854,767

90,499,956 127,015,831 365,933,691 237,842,147 259,931,836

- -461,360 -612,960 -715,380 -580,820

-16,044,700 -17,388,016 -34,928,761 -49,299,738 -34,596,046

74,455,256 109,166,455 330,391,970 187,827,029 224,754,970

Cash received from operation

Cash paid for employee benefits obligation cost

Cash paid for income tax

Net cash provided (used in) by operating activities

6M2014 6M2013



Operating liabilities increase (decrease)

Accounts payable

Other payables


274,723,426

Operating assets (increase) decrease

Accounts receivable

Other receivables

Accrued income

Inventories

Interest income

Interest expenses

Tax expense

Profit from operations before changes in operating assets and

liabilities 333,991,123 297,729,730

- - -

Loss on impairment of general investment (reverse)

(Gain) loss on sale of fixed assets

Employee benefits obligation cost

-691,703 - - - -

Loss on impairment of investment in associated company

(reverse) -1,000,000 -


Items to reconcile net profit to net cash flows from operating activities

Depreciation and amortized expenses

Bad debt and doubtful accounts (reverse)

Doubtful account in long-term loans and accrued interest to

associated company (reverse)

Cash flows from operating activities

As at December

31, 2013

As at

December 31,

2012

(Reinstated)

As at

December 31,

2011

(Reinstated)


37




(UNIT : BAHT)

-26,878 -34,496 -46,309 -1,125,702 5,428,682

- - - 1,095,000 11,434,800

- - -58,101,000 - -

-139,017,537 -202,386,411 -285,832,226 -192,003,667 -220,918,681

-461,418 -5,319,372 -3,322,465 -24,117,671 -2,468,712

-4,999,600 - - - -

- - -160,500 -93,611 -781,932

6,108,000 5,553,000 5,997,450 282,800 240,142

1,000,000 -

50,000 -

60,370 118,938 172,173 145,588 415,954

-136,595,360 -202,068,341 -341,292,877 -215,817,263 -206,649,747

88,274,478 -1,562,651 -55,103,254 106,481,566 -14,593,609

93,564,031 79,570,400 121,070,400 91,431,677 98,943,418

-33,882,713 -47,320,754 -75,500,754 -84,537,899 -68,300,000

-11,413,467 -10,091,843 -20,357,082 -18,867,783 -13,001,285

-14,890,413 -11,788,021 -30,294,278 -23,811,945 -18,706,547

-73,150,971 -68,650,154 -69,455,159 -55,016,783 -44,977,776

- 157,793,768 157,793,767 8,276,437 -

48,500,945 97,950,745 28,153,640 23,955,270 -60,635,799

-13,639,159 5,048,859 17,252,733 -4,034,964 -42,530,576

30,066,645 12,813,912 12,813,912 16,848,876 59,379,452

16,427,486 17,862,771 30,066,645 12,813,912 16,848,876

As at December

31, 2012

(Reinstated)


Cash and cash equivalents - at beginning of the period

Cash and cash equivalents - at ending of the period

Cash paid for interest expenses

Cash paid for dividend

Cash receive from sale treasury shares

Net cash provided (used in) financing activities

Net increase (decrease) in cash and cash equivalents

Net cash provided (used in) investing activities

Cash flows from financing activities

Increase (decrease) in bank overdrafts

Cash receive from long-term loans

Cash paid for long-term loans

Cash paid for liabilities under long-term agreements

691,703 -

Cash received for interest income

Cash paid for land improvement - leasehold right

Cash received from sale of fixed assets

Cash receive from sale investment in associated company

Cash receive from sale general investment

Cash receive from long-term loans and accrued interest to

associated company

Short-trm investments in fixed deposit (increase) decrease

(Increase) decrease in fixed deposits with commitment

Cash paid for advance for building construction

Cash paid for construction, decoration building and equipment

Cash paid for intangible assets

Cash paid for investment in subsidiary (net from cash purchase)

Cash flows from investing activities

As at December

31, 2011

(Reinstated)

6M2014 6M2013As at December

31, 2013

38

To the Board of Directors of Sikarin Public Company Limited

I (Mr. / Mrs. / Miss / Juristic person)….……………………………………………....…........……………Shareholder registration number……………………….…………………………..…….…

Number of identity card/alien identification card/passport/juristic person registration number............................................................................... Nationality...................................................................

Address House No. ………….………...…..........….Soi. ……….…......................……....Road ….…………........................Sub-district…………......................................................................…......

District…………...…..…………….…..............Province……..………………...…….......Postal code....................................................Telephone..................................................................................

E-mail Address: ……………………………………A shareholder of Sikarin Public Company Limited, holding ……………………………………………….......shares, would like to

subscribe to the newly issued ordinary shares of the Company, the entitlement of which is given to shareholders.

At the office of the Company, the subscription price will be paid by

Bank transfer, deducted from the account number………………….………........ Bank...………....…………… Branch ..….…..……….……..........…..dated………..…..............

ft (Dated not later than 7 November 2014)

No.……………………………….……………......…Bank ...……….......….................…..………… Branch ..….…..……….……....………..…..dated…………..……..…..............

If I have been allocated with such newly issued ordinary shares, I agree to proceed as follows (choose either option in case of subscription of newly issued ordinary shares)

In case of having a securities trading account: The allocated newly issued ordinary shares shall be issued in the name of "Thailand Securities Depository Company Limited for Depositors" and the

Company shall have the company ....................................................................... ……………………………....…… Depositor Member No. deposit the shares with Thailand Securities

Depository Company Limited for Depositors into my securities trading account with the account name of ...................................................account number..........................................................

which I have with such company. (The name of subscriber must correspond to the name on the securities trading account; otherwise, the share certificate will be issued in the name of the

subscriber instead.)

In case of not having a securities trading account:

Request for share certificate: The share certificate for the allocated newly issued ordinary shares shall be issued in my name. I agree to appoint the Company to take any action to issue the share

certificate for newly issued ordinary shares and deliver the same to me, within 30 days from the date the subscription period is closed, to the address as appeared in the shareholder database of

the Company by registered mail.

Transfer to Account no. 600: The allocated newly issued ordinary shares shall be issued in the name of "Thailand Securities Depository Company Limited" and deposited with Thailand Securities

Depository Company Limited by transferring into the account of Sikarin Public Company Limited, Member No. 600.

In case I am not allocated the shares or I am allocated fewer shares than the number to which I subscribe, I agree that the Company shall refund the subscription price or the difference thereof

by cheque which shall be sent by registered mail to the name and address as specified in the shareholder register book as of the closing date on 2 October 2014. (Receiving money refunded by

cheque may incur fees which shall be borne by the subscriber when he clears the cheque.)

I hereby certify that I will receive the newly issued ordinary shares in such amount or any amount you allocate, and shall not cancel this subscription, and shall receive the refund in case my

subscription is rejected. I agree to be bound by all the terms, conditions and statements in the Notification of Allocation of Newly Issued Ordinary Shares as well as the Memorandum of

Association and Articles of Association of the Company that currently exist and / or to be amended in the future.

The subscribed shares cannot be separately deposited into different trading accounts. In case the subscription relates to more than one account, the Company shall deposit

the shares in either of those accounts.

Signature...............................................................................Subscriber

(…………..…….………………………………..)

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For staff only

Sikarin Public Company Limited has received the Subscription Form that is filled in

Incompletely, and has received the payment for subscription of the newly issued ordinary shares of the Company from (name as per Subscription

Form)………………………..................................................................For……………………….…………..................……shares in the amount of …………………………......…………….………. Baht

which is paid by:

Bank transfer, deducted from the account number……………………….…....... Bank...……….......….…. … Branch ..….…..…………..…..dated…………….…......………........

t (Dated not later than 7 November 2014)

No.……………………..…………................…Bank ...……….......…..….................…..………… Branch ..….…..……….……....…......…..…..dated………………..…..……….......

Issue the share certificate in the name of "Thailand Securities Depository Company Limited for Depositors", Depositor Member No............ Securities trading account number ........................

Issue the share certificate in the name of subscriber

Issue the share certificate in the name of "Thailand Securities Depository Company Limited " and deposit into the account of the securities issuance company, Member Number 600, for me

Signature …………………………………….…… Authorized officer

Number of shares Amount (Baht) Amount (in letters)

1. Subscription to the shares equal to the entitlement

2. Subscription to the shares less than the entitlement

3. Subscription to the shares more than the entitlement

Section 1

Subscription Form No. ..........................................

1 Subscription Form per 1 shareholder

registration number

Date of subscription 3 November 2014 4 November 2014 5 November 2014 6 November 2014 7 November 2014

Information of the subscriber: Please fill in the form below using block letters.

Receipt of Subscription for newly issued ordinary shares of Sikarin Public Company Limited

Subscription Form for New Ordinary Shares of


For the subscription for 20,000,000 newly issued ordinary shares at the par value of 6.50 Baht

Offered to existing shareholders at the offering price of 15 Baht per share at the ratio of 5 existing shares per 1 newly issued ordinary shares

Section 2

Subscription Form No. ..........................................

Date of subscription 3 November 2014 4 November 2014 5 November 2014 6 November 2014 7 November 2014

(Attachment 3)

39

List of Members who Deposit Securities with Thailand Securities Depository Company Limited

Update 30/06/2014

ผูฝ้ากเลขที่ ชือ่บรษิทั ผูฝ้ากเลขที่ ชือ่บรษิทัParticipant No. Company Name Participant No. Company Name

002 บรษิทัหลกัทรพัย์ทิสโก ้จ ากดั 030 บรษิทัหลกัทรพัย์ ไอ ว ีโกลบอล จ ากดั (มหาชน)TISCO SECURITIES COMPANY LIMITED I V GLOBAL SECURITIES PUBLIC CO., LTD.

003 บรษิทัหลกัทรพัย์ คนัทรี ่กรุ๊ป จ ากดั (มหาชน) 032 บรษิทัหลกัทรพัย์ เคทีบ ี(ประเทศไทย) จ ากดั COUNTRY GROUP SECURITIES PUBLIC CO.,LTD. KTB SECURITIES (THAILAND) COMPANY LIMITED

004 บรษิทัหลกัทรพัย์ ดบีเีอส วคิเคอร์ส (ประเทศไทย) จ ากดั 034 บรษิทัหลกัทรพัย์ฟิลลิป (ประเทศไทย) จ ากดั (มหาชน) DBS VICKERS SECURITIES (THAILAND) CO.,LTD PHILLIP SECURITIES (THAILAND) PUBLIC CO.,LTD.

005 บรษิทัหลกัทรพัย์ แลนด ์แอนด ์เฮา้ส์ จ ากดั (มหาชน) 038 บรษิทัหลกัทรพัย์ เออีซ ีจ ากดั (มหาชน)LAND AND HOUSES SECURITIES PUBLIC COMPANY LIMITED AEC SECURITIES PUBLIC COMPANY LIMITED

006 บรษิทัหลกัทรพัย์ ภทัร จ ากดั (มหาชน) 048 บรษิทัหลกัทรพัย์ ไอร่า จ ากดั (มหาชน)PHATRA SECURITIES PUBLIC COMPANY LIMITED AIRA SECURITIES PUBLIC COMPANY LIMITED

007 บรษิทัหลกัทรพัย์ ซไีอเอ็มบ ี(ประเทศไทย) จ ากดั 200 บรษิทัหลกัทรพัย์ เมย์แบงก ์กมิเอ็ง(ประเทศไทย) จ ากดั (มหาชน) CIMB SECURITIES (THAILAND) COMPANY LIMITED MAYBANK KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

008 บรษิทัหลกัทรพัย์ เอเชยี พลสั จ ากดั (มหาชน) 211 บรษิทัหลกัทรพัย์ ยูบเีอส (ประเทศไทย) จ ากดัASIA PLUS SECURITIES PUBLIC CO.,LTD. UBS SECURITIES (THAILAND) LTD.

010 บรษิทัหลกัทรพัย ์เมอร์รลิ ลินช ์(ประเทศไทย) จ ากดั 213 บรษิทัหลกัทรพัย์ เอเชยี เวลท์ จ ากดั MERRILLl LYNCH SECURITIES (THAILAND) LIMITED ASIA WEALTH SECURITIES COMPANY LIMITED.

011 บรษิทัหลกัทรพัย์ กสกิรไทย จ ากดั (มหาชน) 224 บรษิทัหลกัทรพัย์บวัหลวง จ ากดั (มหาชน)KASIKORN SECURITIES PUBLIC COMPANY LIMITED BUALUANG SECURITIES PUBLIC COMPANY LIMITED

013 บรษิทัหลกัทรพัย์ เคจไีอ (ประเทศไทย) จ ากดั (มหาชน) 225 บรษิทัหลกัทรพัย์ซ ีแอล เอส เอ (ประเทศไทย) จ ากดั KGI SECURITIES (THAILAND) PUBLIC CO.,LTD. CLSA SECURITIES (THAILAND) LTD.

014 บรษิทัหลกัทรพัย์ โนมรูะ พฒันสนิ จ ากดั (มหาชน) 229 บรษิทัหลกัทรพัย์ เจพมีอร์แกน (ประเทศไทย) จ ากดัCAPITAL NOMURA SECURITIES PUBLIC CO.,LTD. JPMORGAN SECURITIES (THAILAND) LIMITED

015 บรษิทัหลกัทรพัย์ แอพเพลิ เวลธ ์จ ากดั 230 บรษิทัหลกัทรพัย์ โกลเบล็ก จ ากดัAPPLE WEALTH SECURITIES COMPANY LIMITED GLOBLEX SECURITIES COMPANY LIMITED

016 บรษิทัหลกัทรพัย์ธนชาต จ ากดั (มหาชน) 244 บรษิทัหลกัทรพัย์ แมคควอร ี(ประเทศไทย) จ ากดัTHANACHART SECURITIES PUBLIC COMPANY LIMITED MACQUARIE SECURITIES (THAILAND) LIMITED

019 บรษิทัหลกัทรพัย์ เคเคเทรด จ ากดั 247 บรษิทัหลกัทรพัย์ เครดติ สวสิ (ประเทศไทย) จ ากดัKKTRADE SECURITIES COMPANY LIMITED CREDIT SUISSE SECURITIES (THAILAND) LTD.

022 บรษิทัหลกัทรพัย์ ทรนีติี ้จ ากดั 248 บรษิทัหลกัทรพัย์ เคที ซมีโิก ้จ ากดั TRINITY SECURITIES CO.,LTD. KT ZMICO SECURITIES COMPANY LIMITED

023 บรษิทัหลกัทรพัย์ไทยพาณชิย์ จ ากดั 924 บรษิทัหลกัทรพัย์ ฟินนัเซยี ไซรสั จ ากดั (มหาชน)SCB SECURITIES CO.,LTD. FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED

026 บรษิทัหลกัทรพัย์ยูโอบ ีเคย์เฮยีน (ประเทศไทย) จ ากดั (มหาชน) UOB KAY HIAN SECURITIES (THAILAND) PUBLIC CO.,LTD.

027 บรษิทัหลกัทรพัย์ อาร์เอชบ ีโอเอสเค (ประเทศไทย) จ ากดั (มหาชน)RHB OSK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

029 บรษิทัหลกัทรพัย์กรุงศร ีจ ากดั (มหาชน) KRUNGSRI SECURITIES PUBLIC COMPANY LIMITED

ผูฝ้ากเลขที่ ชือ่บรษิทั ผูฝ้ากเลขที่ ชือ่บรษิทัParticipant No. Company Name Participant No. Company Name

236 ธนาคาร ทิสโก ้จ ากดั (มหาชน) 243 บรษิทัหลกัทรพัย์ เพื่อธุรกจิหลกัทรพัย์ จ ากดั (มหาชน)TISCO BANK PUBLIC COMPANY LIMITED TSFC SECURITIES PUBLIC COMPANY LIMITED

242 บรษิทัหลกัทรพัย์ ซติีค้อร์ป (ประเทศไทย) จ ากดั 245 ธนาคารธนชาต จ ากดั (มหาชน)CITICORP SECURITIES (THAILAND) LIMTED) THANACHART BANK PUBLIC COMPANY LIMITED

301 ธนาคารซติีแ้บงก ์เอ็น.เอ.(CUSTODY SERVICES) 329 ธนาคารทหารไทย จ ากดั (มหาชน) CITIBANK, N.A. - CUSTODY SERVICES TMB BANK PUBLIC COMPANY LIMITED

302 ธนาคารไทยพาณชิย์ จ ากดั (มหาชน) 330 ธนาคารฮ่องกงและเซีย่งไฮแ้บงกิง้คอร์ปอเรชัน่ จ ากดั (เพื่อตราสารหนี)้THE SIAM COMMERCIAL BANK PUBLIC CO.,LTD. THE HONGKONG AND SHANGHAI BANKING CORP.,LTD.BKK.-BOND

303 ธนาคารกรุงเทพ จ ากดั (มหาชน) - ผูร้บัฝากทรพัย์สนิ 334 บรษิทัหลกัทรพัย์ เพื่อธุรกจิหลกัทรพัย์ จ ากดั (มหาชน) (คสัโตเดีย้น)BANGKOK BANK PUBLIC COMPANY LIMITED-CUSTODY TFSC SECURITIES PUBLIC COMPANY LIMITED - CUSTODIAN

304 ธนาคารฮ่องกงและเซีย่งไฮ ้แบงกิง้ คอร์ปอเรชัน่ จ ากดั 336 ธนาคารเกยีรตนิาคนิ จ ากดั (มหาชน)THE HONGKONG AND SHANGHAI BANKING CORP.,LTD.BKK. KIATNAKIN BANK PUBLIC COMPANY LIMITED

305 ธนาคารกรุงไทย จ ากดั (มหาชน) 337 ธนาคารทหารไทย จ ากดั (มหาชน)THE KRUNG THAI BANK PUBLIC CO.,LTD. TMB BANK PUBLIC COMPANY LIMITED

308 ธนาคารกสกิรไทย จ ากดั (มหาชน) 339 ธนาคาร ทิสโก ้จ ากดั (มหาชน) (เพื่อรบัฝากทรพัย์สนิ)KASIKORNBANK PUBLIC COMPANY LIMITED TISCO BANK PUBLIC COMPANY LIMITED (CUSTODIAN)

312 ธนาคารสแตนดาร์ดชาร์เตอร์ด (ไทย) จ ากดั (มหาชน) 340 ธนาคาร เจพมีอร์แกน เชส (เพื่อคา้ตราสารหนี)้STANDARD CHARTERED BANK (THAI) PUBLIC CO.,LTD. JPMORGAN CHASE BANK (BOND TRADING)

316 ธนาคารไอซบีซี ี(ไทย) จ ากดั (มหาชน) 343 ธนาคาร ซไีอเอ็มบ ีไทย จ ากดั (มหาชน)INDUSTRIAL AND COMMERCIAL BANK OF CHINA (THAI) PUBLIC COMPANY LIMITED CIMB THAI BANK PUBLIC COMPANY LIMTED

320 ธนาคารดอยซแ์บงก ์เอจ ีสาขากรุงเทพฯ - เพื่อรบัฝากทรพัย์สนิ 345 ธนาคารธนชาต จ ากดั (มหาชน)DEUTSCHE BANK AKTIENGESELLSCHAFT BANGKOK BRANCH - CUSTODY SERVICES THANACHART BANK PUBLIC COMPANY LIMITED

326 ธนาคาร เดอะรอยลัแบงกอ๊์อฟสกอตแลนด ์เอ็น.ว.ี สาขากรุงเทพฯ 425 ธนาคารกรุงไทย จ ากดั (มหาชน) (เพื่อลูกคา้)THE ROYAL BANK OF SCOTLAND N.V., BANGKOK BRANCH KRUNG THAI BANK PUBLIC COMPANY LIMITED (FOR CUSTOMER)

328 ธนาคารกรุงศรอียุธยา จ ากดั (มหาชน)BANK OF AYUDHYA PUBLIC COMPANY LIMITED

รายช่ือสมาชิกผูฝ้ากหลกัทรพัย ์กบั ศูนยร์บัฝากหลกัทรพัย ์(ประเทศไทย) จ ากดั

CUSTODIAN

SUB-BROKER

BROKER

40

Power of Attorney

For the Subscription for New Ordinary Shares of Sikarin Public Company Limited

Made at...........................................................

Date................................................................

I (Mr./Mrs./Miss/Company)......................................................................................................................

Shareholder registration number...............................................................................................................

Identity card number / Passport number...............................................................................................

Juristic person registration number.......................................................................................................

Residing at House No.............................. Soi......................................... Road.........................................

Subdistrict............................................................. District ......................................................................

Province ................................... Country ............................................ Postal code..................................

to be a shareholder of Sikarin Public Company Limited ("Company"), holding ........................ shares,

to have the right to subscribe to ........................................newly issued ordinary shares, the details of

which appear in the Subscription Certification issued by the registrar of the Company

I hereby authorize (Mr./Mrs./Miss.).........................................................................................................

Identity card number / Passport number...................................................................................................

Residing at House No............................ Soi....................................... Road.............................................

Subdistrict............................................................. District ......................................................................

Province ..................................... Country ........................................... Postal code.................................

and to be my true and lawful attorney ("Attorney") in subscribing for...............................newly issued

ordinary shares in my name or on my behalf, as well as to sign, modify, or add any statement in the

Subscription Form, pay for the subscription, and take any other action necessary so that such

subscription is accomplished.

This Power of Attorney shall be effective only for the above objectives. Any action taken by

the Attorney under this Power of Attorney shall bind me as if it were done by me.

Signature...................................................Shareholder

( )

Signature...................................................Attorney

( )

Note : Please enclose a copy of the identity card of the Proxy and/or a certificate of juristic person registration

of the Attorney, a copy of the identity card of the authorized signatory, and a copy of the identity card of the

Attorney, all of which must be certified true copy.

41

Map of the Venue for Subscription of New Ordinary Shares

Sikarin Hospital

4/29 Moo 10, Srinakarin Road, Bangna Sub – district, Bangna District

Telephone Number: (66) 2366 - 9900

Sikarin Public Company Limited

Documents

Transcript of Sikarin Public Company Limited