of the opinion that the acquisition of shares is reasonable and benefitting the Company and its shareholders in accordance with the reasons stipulated in Clause 9. Moreover, such Transaction will also
to return the capital investment, the Company is entitled to file a suit against NPSI’s shareholders under the conditions stipulated under the agreement. The cancellation of the investment in NPSI
of the opinion that the acquisition of shares is reasonable and benefitting the Company and its shareholders in accordance with the reasons stipulated in Clause 9 . Moreover, such Transaction will also
shareholders of NPSI refuse to return the capital investment, the Company is entitled to file a suit against NPSI’s shareholders under the conditions stipulated under the agreement. The cancellation of the
stipulated in statement of cash flows divided by net profit of the preceding year. 9 Interest bearing debt to equity ratio is calculated from debt issued and borrowing divided by shareholders’ equity (average
paid on purchase of intangible assets; and (v) cash paid on dividend payment to shareholders. 8 Dividend payout ratio is calculated from cash paid on dividend payment stipulated in statement of cash
Offering price as stipulated in the Notification of the Capital Market Supervisory Board No. TorJor. 72/2558 re Approving a Listed Company to Offer Newly Issued Shares to Specific Investor and will be
and conditions stipulated under the Thai Revenue Code for the purpose of tax exemption for such transaction (the “Entire Business Transfer Transaction”). BTSG is a majority shareholder of the Company