any facts that are material. 3. Opinions of the independent expert on the entering into the transaction The Company has appointed Capital Advantage Company Limited as the independent financial advisor
Baht from sale of assets that the Company can further utilize as debt repayment, which will relief risks from litigation to be initiated by relevant trade debtors. This will also enhance financial
investment with AM, the Company constantly made efforts to restore its financial status, e.g. the debt to equity conversion scheme in 2012 and the issuance of bonds for the trade creditors. Despite the
debt to equity conversion scheme in 2012 and the issuance of bonds for the trade creditors. Despite the Company’s every effort to ameliorate its financial status, the Company still has suffered operating
future as the price of land tends to rise. Nevertheless, the land is large and requires a lot of capital to trade, the Company would probably require a longer period of time as well as greater financial
deposits, financial institutions accounts payable, and trade accounts receivable. In addition, the auditor of SCT Vietnam Gas Co., Ltd., a PICNI’s subsidiary, was also encountered limitation on scope of
accounting periods. These actions caused the 2023 financial statements to understate JKN’s liabilities and assets. However, the trade creditors were subsequently recorded in 2024 to mislead stakeholders into
amortization 4.07 0.11 Total 5.06 0.97 Analysis of financial status (Unit: Million Baht) December 31, 2017 % December 31, 2016 % ASSTES Trade and other receivables 92.70 7% 60.87 5% Inventories 104.83 8% 67.80 6