Microsoft Word - Ref FPI.012.2018.doc Ref. FPI.012/2018 26 April 2018 Subject Acquisition of up to 40% shares of total paid-up capital in TSE Overseas Group Company Limited To President The Stock

the same period of last year, due to the sale of ordinary shares in the second quarter. Cash Flow For the nine-month operating period ending 30 September 2017, the Company saw operating cash flow

Clause 4 to ing No. 6/201 ers No. 2/20 Newly Issued d (the “Comp ectors’ Meetin of Shareholde the existing r ary shares of t ht 1.00 per s o be in accord ector and/or a d to have th Business Deve der in

47.02% shareholding in CCET Value of transaction (Remained No Change) CCPH to acquire KPPH’s 100% shareholding by issue new ordinary shares at exchange ratio of 1 : 5.5 (1 CCPH ordinary share for 5.5 KPPH

shall either pay in cash or issuance of private placement to the Seller upon sole discretion of the Company. 3.2 Subscription of NEXT Newly Issued Shares After the share transfer the Company shall proceed

into account of the appraisal of the shares of the business by different approaches, i.e. book value approach, adjusted book value approach, price to book value approach and discounted cash flow approach

investing in N.E.X.T Company Limited (“NEXT”) by acquiring all shares of NEXT’s existing shareholders (the “Seller”) and by the subscription of NEXT’s newly issued shares (collectively, the “Transaction

received from the project based on the percent of shares. No. WHAUP-CS014-2562 5 9. Source of Funds The Company plans to use the working capital and/or internal cash flow and/or loan from financial

Average Number of Ordinary Shares (Million Shares) * 947.96 947.96 - - 6-Month Period (January – June) Revenues from Sales and Services 2,580.16 100.00 2,317.45 100.00 262.71 11.34 Costs of Sales and

acquiring KPPH’s shares from Kinpo Group: The Company shall have no cash flow out therefore can maintain financial positive after the Transaction, and there shall no share dilution to the Company’s