agreement. Opinion of Board of Directors including Audit Committee The Board of Director’s meeting, where there was no directors who have interests voting in the meeting, had consciously considered and
have interests voting in the meeting, had consciously considered and unanimously approved the management to sign on the Technical Cooperation Agreement Hwa Fong Rubber Industry Co., Ltd. For the reasons
that the resolution of the Special of the Board of Directors’ Meeting No.1/2020 on June 12, 2020 considered and approved the company entering into the connected transactions. The detail as followings
-1.53 baht per share as appraised by the IFA. Besides, the proposed investments in PFA and HPS are considered inappropriate and involve high risks, since the offer price of 565 million baht for PFA is
investment complies with the company’s investment policy framework as laid out by the Board, and that it has been considered carefully and reasonably. Despite exposure to several risk factors, the investment
THB 130 million and interest. In addition, this loan is considered a connected transaction as GSC and ACAP have the same directors. However, GSC did not seek approval from the shareholders in
take further action in accordance with the law. The criminal complaint inures that the accused is considered to be untrustworthy characteristics of the securities issuing companies and listed
its profitability and liquidity problem in the future. However, the Board of Directors considered that with financial assistance from the Mahachai Group in 2014, GSTEL was able to reproduce hot
has considered the results of the pilot. The JC will make a separate announcement about commencement.The Chair of the JC, Mr Geoff McCarthy of the Australian Securities and Investments Commission, said