determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked during 15-20 days in the
and has registered as an oil trader under Section 7 of the Fuel Trade Act B.E. 2543 since the September 9, 2020. However, the Company aware of the price fluctuation risks, has set the policy determined
risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were
of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO
of the existing and new manufacturer's installed capacity. However, the Company aware of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures
to recognized loss from diminution in value of inventories amounting of Baht 20 million. However, the Company determined the policy that focused on the management of raw material (CPO) by trying to
Transaction will occur upon the satisfaction of the conditions precedent as specified in the Entire Business Transfer Agreement, entering into between the Company and SUTGH (“Entire Business Transfer Agreement
approval from the Board of Directors Meeting is granted and after the conditions precedent specified under the relevant agreements are fully satisfied. The Company anticipates that it shall enter into the
after all the conditions precedent specified in the agreements are fulfilled. In this regard, as a guarantee to perform obligations under the Equity Purchase Agreement pursuant to request of the Seller