than si Company sh assets to off specified by the condition the “base pr The Compan restructuring appropriate a Land and parcels o building; Land loc a total ar Land and Chiang M 3 ngan, 5 Land an

cause was from global palm oil inventory recovery after El Niño effect in 2016. Overall, demand for Natural FA improved from previous year as price trended toward to equilibrium condition where price of

was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. 3) Shareholder’s

agreement with the condition that the contract will be binding upon obtaining the approval of the shareholders’ general meeting which will be held on April 22, 2019. 2. Transaction parties involved Seller

in the area where most of the land is empty. Also, many plots are announced for sale at low prices because most of them are a land with a pond having the same condition as the Company's assets and

area where most of the land is empty. Also, many plots are announced for sale at low prices because most of them are a land with a pond having the same condition as the Company's assets and having

Farm project. The solar farm project is commercially attractive and feasible upon obtaining (Condition Precedents) 1. BOI privileges 2. Credit facility from a financial institution 3. All other permits

Directors is of the opinion that the price not over Baht 60 Millions. The Internal Rate of Return is 15.74% and Economic Internal Rate of Return is 26.79% 8.2 Opinion of the Board of Directors about condition

liquidity management purpose, the company has successfully negotiated the purchase of asset acquisition, the Company would get more discount for 5 Million Baht. Also, the seller asked to change the condition

agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. 3