will not significantly change the Board of Directors and its structure of the Company.   - 17 - 8. Source of Funds (1) Existing capital of the Company which will not affect the working capital required

(1) Existing capital of the Company which will not affect the working capital required for the Company’s operation (2) Cash from the exercise of rights to purchase ordinary shares of the Company

. This was derived from loss before tax of THB 586mn, being partially offset by (i) non-cash reconciling items of THB 1,269mn and (ii) changes in net working capital of THB (90)mn. After deducting cash

Company expects to receive new fresh funds as CAPEX and Working Capital. With the support from the new Shareholder, we are positive to be more competitive in term of cost resulting the positive bottom line

additional capital through fund raising for its business expansion, or CAZ’s loan repayment, and/or reserve as working capital. 2. CAZ will have more channel to the future fund raising, which has more

Equity Purchase Agreement, the final purchase price is subject to adjustment of remaining cash, bank borrowings and net working capital required for normal operation of Target Group Hotel and Resort at the

, competency, honesty and working experience. Clause 29 The licensee to undertake securities business in the category of securities brokerage, securities dealing or securities underwriting in investment units 10

/ Fax 0-2741-6878 / Company Tax ID : 0107545000021 7. Source of Funds The source of funds for the Transaction shall come from the Company’s working capital, which is quite sufficient. 8. Opinion of the

from the Company’s working capital, which is quite sufficient. 8. Opinion of the Board of Directors regarding the Transaction The Board of Directors is of the opinion that the Transaction has the

source of funds for the Transaction shall come from the Company’s working capital, which is quite sufficient. 8. Opinion of the Board of Directors regarding the Transaction The Board of Directors is of the