transaction amount is USD 5.80 million paid from Ratch-Lao Services Company Limited’s working capital and loan. Management Discussion and Analysis For the Year Ended December 31, 2018 Page 5 On January 3, 2019
). Currently, the Company is working on the holistic wellness project with potential strategic partner. Wellness business is already part of the Company’s long-term strategic plan for business diversification
Company’s working capital. 7. Objectives and plans for utilizing proceeds received To support business expansion and/or working capital for the Company and/or other activities as the Board of Directors deems
increase the Company’s financial liquidity to be used as working capital and debt repayment which will help reduce the high interest burden of the Company. On the date the Board of Directors approved the
operation and increase in the Company’s financial liquidity, used as working capital and to repay debt which would help reduce the interest burden of the Company. On the date that the Board of Directors
Directors sign and the company’s seal 6. Source of Funds Working capital of the Company -Translation- Seven Utilities and Power Public Co., Ltd. 73 Mahachol Building, Soi Sukhumvit 62, Sukhumvit Rd
http://www.sevenup.co.th Tel. 0-2741-5700-5 / Fax 0-2741-6878 / Company Tax ID : 0107545000021 No. 7UP 049/62 September 23, 2019 Subject: Notification for Resolution of Board of Director's Meeting No. 11
in this business. 6. Source of Funds Working capital of the Company 7. Opinion of the Board of Directors regarding the Transaction Opinion of the Board of Directors that the Company benefits in this
the capital injection of 5.8 million USD or approximately 9,000 million Kyats (180 million baht). The source of fund is mainly from the Company’s working capital, and the Company still maintains 100% of
accepting the assignment of claim in the loan is 0.19 percent of the Company’s net tangible assets. 5. Source of funds for purchase of assets Working capital of the Company. This has no effect on the main