unanimously considered and approved the investment of 65.72% in the ordinary shares of Avgol Industries 1953 Ltd. as appropriate and beneficial to the Company as stated in clause 7 above. 10. Opinion of the
construction costs increase 287.05 million THB or 45.26%. Moreover, the down payment of projects that are pending income recognition has increased 142.54 million THB or 16.63%. As a result of the above reasons
investing in the MRT Purple Line which the MRTA is fully responsible according to the concession agreement (same amount of interest income as described above). However, if not included this transaction
addition, prepare marketing and sale plan to expand customer base of flexible packaging and plastic woven bag. All the time, Development as mentioned above, The company has improved its performance. It is
combine above THB 8bn per year, the Company is launching 2 condominium projects in 4Q18, located in Soi Sathorn 12 and in Phrompong area near BTS station. Moreover, the Company has signed agreements to
administrative expenses, cost of sales and financial cost as above mentioned. Since the Company is on business expansion to other businesses such as the relating furniture business such as Medium Density Fiber
of projects pending income recognition increased 347.15 million THB or 40.50%. As a result of the above reasons, the interest bearing debt to equity ratio and the debt to equity ratio have increased
business performance. From above Statements of Financial Position, D/E Ratio as of September 30, 2018 was 2.44 times, increased from ratio as of December 31, 2017 (1.44 times), resulting from the increase in
perform any acts which are necessary and appropriate for the above matter. At present, the Company has reached an agreement with the Purchaser and has entered into share purchase agreement to dispose up to
50.91 percent of the total issued shares of the Company. The granting of loan as detailed above constitutes a connected transaction as it is an entering into a transaction with a major shareholder of the