Nature of the Business

Group Lease Public Company Limited was established on May 6, 1986 with registered capital of 1 million baht by the Luaengrungsi family,
and started business in the hire purchase finance of motor cars in Bangkok and upcountry. During the year ending 1989 to the beginning of 1990,
Mr. Khanchai Boonpan and Mr. Anurak Inthraphuvasak purchased the entity old shareholders, and invited Mr. Samart Chiradamrong, who had
many years experience in hire purchase business, to run the business in the position of Managing Director. The company increase capital
continuously from 1 million baht to 431,500,000 baht on April 28th, 2010.

In 1990,The motorcycles hire purchase business continued to experience rapid growth.The company had completed personnel,capacity,experience
and skills in the business for more than 10 years. The company started to expand towards motorcycles hire purchase and decreased focus on
motor car hire purchase business. It also expanded business interests to hire purchasing of trucks, machinery and printing presses, meanwhile
also expanding the business to financial lease, factoring contracts, asset financing and personal loans. Since 2004, the core business of the
company has been only motorcycles hire purchase.

In 2007, the company had a significant change in the major shareholder part. From the end of 2006 until the beginning of 2007, The group of
major shareholders sold shares to APF Management Co., Ltd.* after that APF Management Co., Ltd. become the company’s major shareholder,
now holding 44.90 million shares or 79.65% of total issued and paid-up capital.

In 2009, The company business expansion slow down due to the world economic crisis but still can keep the profitability by focusing on the quality
of account receivable and concern to the credit approval process. The company is still one of the big motorcycle hire-purchase service provider in
Bangkok and Vicinity area.

*the company in the same group is Engine Inc.

Overview of the Company's Business

In 2009, the motorcycle hire purchase was the main business of the company. The motorcycle price for financing is about 45,000 baht each,
with the well known brands such as Honda, Yamaha, Suzuki and Kawasaki. The highest financing price of motorcycles is no more than 69,000 baht
each. Besides services in hire purchase financing of motorcycles, the company offers other after sales service, such as service of annual vehicle
tax extension and insurance, to add more channels to the company's revenues and to protect risk for the assets which is the collateral for
hire purchase.