April 27, 2015
To whom it may concern
Wedge Holdings Co., Ltd.
Tatsuya Konoshita, Representative Managing Director & CEO(Code 2388 TSE JASDAQ Market)
Contact: Yukihiro Yokoyama, Corporate Officer(Tel: 03-6225-2207)

Announcement for Annual General Meeting of Shareholders 2015 ofGroup Lease
Group Lease PCL ( hereafter “GL”), our consolidated subsidiary listed on first sessionof The Stock Exchange of Thai (SET) in 2004, operates finance business in Thailand held
Annual General Meeting of Shareholders 2015 on 27 April 2015. All proposals made by
the Board of Directors were resolved at the Meeting.
GL has been operating finance business in Thailand for more than 30 years. In 2012,
GL started its business in Cambodia and continues to expand to all ASEAN region.
Starting from lease finance for new motorbikes, GL nowadays has diversified its
products to agricultural machines, used motorbikes and motorbike secured loan (Motor4 Cash). By doing this, GL has grown out of from a motorbike lease company in Thailand
to become a finance company in the whole ASEAN region with rapid growth in businessperformance.
Also, the Meeting passed the resolution on dividend and the convertible bond which
was announced in our release dated 9 Mar 2015.
This will enhance the flexibility of GL in financing in preparation for its further businessexpansion and M&A activities throughout Asian region.
For more information on news released:
http://www.wedge-hd.com/cms_v2/assets/files/NEWS/2015/p20150309.pdf

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Below is main questions raised by shareholders and our answers in the meeting.
Question 1: Can GL just issue corporate bond not in the form of convertible bond, andexercise warrant GL-W4 to the current shareholders instead?
Answer 1: The issuance of CB this time is for the purpose of business expansion in
ASEAN region. In the past, we had issued warrants and corporate bonds in Thai domestic
and raised fund in Thai Baths. At the moment, our group is carrying on businessexpansion outside Thai country aggressively. For that fact, we decided to issue CB toJ-Trust for the following reasons ① With its acquisition of Korean and Indonesian banks,
J-Trust Group is considered as our important partner for our future business expansion inentire ASEAN region.② In addition to that, we were funding to our steady operation
expansion in Cambodia by US dollar. Also from the prospect of our future businessexpansion in entire ASEAN region where we will run our business in each country using
local currency, we believe that US dollar fund raising for this time from overseas was themost appropriate approach. This also suits our business expansion plan throughout
ASEAN.
Question 2: Since GL has oversea subsidiary, why these oversea subsidiaries cannot be
the issuer of this CB?
Answer 2: Our Group is a listing company, so that among our group companies, ourcompany has the most advantage of being CB issuer. Moreover, as parent company andholding company, we loan to our subsidiaries and this is one of main our businessactivities.
Question 3: Please explain how sales and net income of our oversea businesses
particularly in Cambodia would be after the CB is issued.
Answer 3: GL is no longer a company doing finance business in Thai domestic market
any more. Our Cambodia business is now growing significantly following soon with Laosbusiness. Therefore, GL Thai itself will soon become just one part of the business of GL
group. We also believe that our future continuous investments in this ASEAN region willbring biggest chance for GL.
Question 4: According to newspaper, it is said that there will be an M&A transaction in the
3rd quarter, how is the progress now?
Answer 4: We always intent to carry M&A and this time with our partnership with theJ-TRUST group who is also a shareholder of Indonesia bank we can expect to implement
our M&A activities benefiting from this relationship. There were many investors offeringus to buy our shares, however we decided to go with J-Trust. It was not only for fundraising purpose itself, but also we consider J-Trust as the most reliable partner for us toimplement our business expansion in the future. This is key point we would like to2

mention here.
Question 5: Can we acquire the same exclusive contract with HONDA in Laos like we didin Cambodia?
Answer 5: The business environment in Laos is totally different with Cambodia.
Therefore, we don’t aim to acquire an exclusive contract with Honda. In Cambodia,
Honda dominates almost the whole motorbike market and nothing sells better than
Honda motorbikes in dealers. However, in Laos, dealers offer various brands from manycompanies. For that reason, to acquire exclusive contract with each dealer and at thesame time to satisfy them with the business conducted with us is our approach toexpand our market.
GL Business Performance3GL company expanded the business rapidly as above is a result of the strong support
from shareholders on GL in pursuing its accelerating business expansion policy. As for us,
we also strongly support this policy as well as remarkable business expansion, so that
we are able to welcome such result
At the end of the annual general meeting of shareholders, Mr. Mitsuji, CEO of GL
expressed his greeting to shareholders. In recent years, Thailand was hit by theeconomic downturn and political instability. During this period, we were moving toinvestment stage where we implemented our oversea business development and big
scale of M&A activities which resulted in increasing of investment expenditures. Due tothese factors, our profits remained weak. We really want to apologize our shareholders
for this.
However, during the last quarter of 2014, GL profits recovered strongly and posted
the highest record for quarter profit which can be said GL profits has come back. Even
though the profit ratio is not impressive yet, we continue to step on steadily with all of
our resources
I would like to thank you very much for your continuing support. I would like to makeour shareholders to be happier with our business results in next year general meeting.
Following, I would like to talk after disclosing our business results for the first quarter(for the period from Jan-Mar, 2015). Please stay tuned, said Mr. Mitsuji, CEO of GL.
GL Corporate Profile
Company name: Group Lease Public Company Limited
Representative Executive Director and CEO: Mitsuji Konoshita
Business: Finance
Established: May 1986
Listed year: 2004 on The Stock Exchange of Thai (SET), First Session
Address: 63 Soi Thetsabannimitrai Road Ladyao, Chatuchak, Bangkok, Thailand
10900
Tel: 0-2580-7555
Email: glpcl@grouplease.co.th
Website: http://www.grouplease.co.th
Subsidiary: GL Finance PLC
Address: No 279-274 Kampuchea krom Blvd, Sangkat Mittapheap Khan 7 Mkara,
Phnom Penh, Cambodia

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