Schedule of Shareholders' meeting

Subject                                  : Schedule of Extra-General Meeting of 
Shareholders
Date of Board resolution                 : 25-Sep-2025
Shareholder's meeting date               : 09-Dec-2025
Beginning time of meeting (hh:mm)        : 14 : 00
Record date for the right to attend the  : 09-Oct-2025
meeting
Ex-meeting date                          : 08-Oct-2025
Significant agenda item                  :
  - Connected transaction
Venue of the meeting                     : Electronic Means (E-EGM)

Agenda Item                              : 1
Agenda Detail                            : To consider and approve the Asset 
Monetization Project of selected Infrastructure assets of the Company i.e.,
crude oil storage tanks, Single Buoy Mooring (SBM), lorry loading station, and
land), located in Si Racha District, Chonburi Province. The transaction involves
a long-term lease of the assets to a newly established subsidiary and a
sublease of the same assets back to the Company under a short-term lease
agreement. This transaction constitutes both a connected transaction and an
acquisition and disposal of assets by a listed company.
Type                                     : To Consider and approve
Board's Resolution                       : BoD (excluding directors with a 
conflict of interest in the transaction) is of the opinion that TOP's Asset
Monetization Transaction is reasonable, with an appropriate price determined
based on the market price or appraised value of the assets in the transaction by
an independent valuer. BoD has considered the best interests of TOP. It is
expected that, upon completion of the Transaction, TOP will receive additional
net cash flow of THB 18,230 mm. This will strengthen TOP's financial position,
enhance its business potential, and enable TOP to manage its capital structure
and financial liabilities at a more appropriate level, resulting in improved
financial ratios and reduced long-term financial risks that may arise from
business volatility. TOP will obtain funding from the transaction at an
appropriate financial cost, thereby creating value and monetizing its existing
infrastructure assets, apart from capital market fundraising. Furthermore, TOP
will be able to continuously use the Leased Assets through the Sublease
Agreement without impacting on its operations.
Entering into the Transaction with the New Subsidiary is deemed beneficial to 
TOP in various aspects. The consideration received from the Long-term Lease
Transaction is appropriate, as it is not less favorable than the market value
appraised by an independent property valuer. Likewise, the sublease rental fees
payable by TOP to the New Subsidiary are appropriate, as they are not higher
than the amounts TOP would expect to pay to external parties in a similar
transaction, and the impact on TOP's refinery operations is less than would be
the case if the transaction were conducted with other business partners. In
addition, although the shareholding structure of the New Subsidiary involves an
indirect interest held by TOP's major shareholder, TOP has sufficient governance
mechanisms in place to ensure that the New Subsidiary's operations are carried
out in the best interests of TOP and its shareholders. For these reasons, BoD
(excluding directors with conflict of interests in the transaction) has resolved
 to approve the Transaction.

______________________________________________________________________

This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.

If you would like to see the full details of this information, please click view
 "full details" in attached file.