the share purchase agreement for NML shares on the date on which such meeting granted the above resolution, because there are several important condition precedents under the share purchase agreement

to the total value of Baht 407.50 million. Material condition precedents 1. The Company has obtained the letter of consent from Kasikornbank Public Company Limited, the creditor of the Company, to

with low traveling demand and cooperated with government orders as well as the announcement from Civil Aviation Authority of Thailand (CAAT) regarding to COVID-19 spread out situation. As a result, for

Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and business operation, as the Company has continuous loss. Thus, the Company considers the business

channel, dated 10 May 2019. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and

still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed

restructuring plan of Baht 100 million to the Company within one year. The remainder will be considered to make the payment as agreed by both parties. In addition the condition in the memorandum agreement

1,419.80 1,103.82 315.98 28.63 Liabilities 462.61 204.06 258.56 126.71 Shareholders 'Equity 957.19 899.77 57.42 6.38 The cause of the company's financial situation changed 1. The company has total assets as

already been audited by the Company’s auditor can be summarized as follows: Overview of 2017 Business and Key Factors impact on the Company’s performance Overall of Non-Performing Loan situation in

Currently there are more than 200 branches nationwide. Since the steel coil is the main raw materials that have significantly contribute to fluctuations of the global steel price. In a certain situation, the