ordinary shares of the Company, or equivalent to 76.09 percent of the total issued shares of the Company, after the debt to equity conversion3 at the conversion price of THB 0.19613. (Please see the details
Capital I (Mauritius) Limited (“Link Capital I”), a company in the SSG Group, with the loan amount of USD 41,000,000, or equivalent to THB 1,414,878,111.11, to repay the debts owed to the Mahachai Group and
independent valuer which is approved by the Securities and Exchange Commission, that it should be equal to Baht 2,616,000,000 or Baht 974.5877 per share. The Company will acquire shares equivalent to 32.5
should be equal to Baht 2,616,000,000 (please see the details in Clause 8 Re: Criteria to Determine the Value of Consideration). The Company will acquire shares equivalent to 32.5 percent, in total of Baht
equal to Baht 2,616,000,000 or Baht 974.5877 per share. The Company will acquire shares equivalent to 37.5 percent, in total of Baht 981,000,000. However, the Company has expended Baht 324,999,779.28 in
investment in Carnival Magic Project, calculated on the basis of total value of consideration which is the criterion with the highest result, is equivalent to 157.3% of the Company and its subsidiary total
Carnival Magic Project, calculated on the basis of total value of consideration which is the criterion with the highest result, is equivalent to 157.3% of the Company and its subsidiary total asset. The
B.E. 2535 (1992) (as amended) (the “Securities and Exchange Act”) by holding voting shares in the Company equivalent to 71.45 of the total sold shares in the Company that is more than 50 percent of the
ordinary shares of High East Capital Holdings Limited ( “HECH” ) Miss.Kantima Rodsatru exisiting shareholder of HECH which is not a connected person of the Company equivalent to 100.00 percent of the total