. The Company can sell the asset at the price in line with the market and industrial conditions during the downturn of the economy. The Company needs to use such cash flow for debt repayment and working
280,000,000 will be from working capital of the Company. 11. Conditions precedent to completion of the transactions Conditions precedent in Share Acquisition Transaction with Hero Experience will be in
13.35 million by using working capital of the Company. The above three sellers do not have any relationships with the Company, shareholders or managements of the Company. The aforementioned transactions
used for loan repayment and working capital for the Company. 12. Opinion of the Directors and/or the Audit Committee which is different from that of the Board of Director under Clause 11 None of the
). However, the financial costs from these funding sources were very high. The Company had no ability to compete with the HRC import price from time to time. Moreover, lack of working capital caused the
and no payment of dividend for the Company’s operation from 1 January 2018 - 31 December 2018 since the Company needs to reserve cash for investing in large project and reserve as working capital and
project and reserve as working capital and liquidity. 2. To propose to the Annual General Meeting of Shareholders to consider and approve the Financial Statement of the Company for the year ended 31
relieve the financial constraint which lead to more flexible position of the working capital in order to achieve the target backlogs. The backlog securing of company, however, depends on the result of