294.15 – 330.79 In this regard, the share price of Modern Pharma Company Limited which the Company will buy this time is 295 million Baht. Having considered that it is a reasonable and acceptable price as

recently established on 19 December 2017 which has yet to operate and so generating no commercial income; it has been viewed, therefore, that the purchase price is the reasonable purchase price. In addition

Vinythai, as the acquisition and disposal of assets transaction as well as the related transaction, which is necessary and reasonable to transact in accordance with the framework prescribed by the Board of

fully install to gain full control of SACL (India). SAGUSA, the USA operation is now in receivership and all reasonable provisions have been made in 2019. The Company also acquired 100% of Sakthi Portugal

necessity and resolved that the receipt of financial assistance is reasonable and will eventually increase Company’s profitability, liquidity and benefit to overall business operation of the Company. Thus

are the main production cost of the company and subsidiaries. Therefore, to process the mentioned transaction is reasonable and it will give the best benefits to the subsidiaries. For the cost of

Board of Directors’ meeting No. 7/2018 held on 7 December 2018, considered that the transaction is reasonable and beneficial to the Company and the shareholders. Please be informed accordingly. Your

best interests, the Board of Directors (not including the Interested Directors) was of the view that such transaction to offer the financial assistance is reasonable and would directly benefit the

transaction with an independent third party as well as associated risk Reasonableness After consideration, the Board of Directors is of the view that entering into loan transaction is reasonable and will

ensure that the credit ratings and related reports it disseminates are based on a thorough analysis of all such information. 1.3 A CRA should adopt reasonable measures designed to ensure that it has the