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
sharp contraction in the first quarter of 2020 as economic activity was crippled due to efforts to control the spread of COVID-19. The World Economic Outlook of the International Monetary Fund estimated
widespread of Covid-19 from the beginning of this year along with the imposition of the regulations on the usage of Sulphur which resulting in the sharp increase in the oil price in the world market also the
company’s main strategy that adopts the policy of sell through service stations as the main priority. The majority of the increase in sales volume came from Gasohol 95 and Diesel product. Within this quarter
volume was 1,417 million liters (+3% YoY, -6% QoQ), majority of the decrease in sales volume can be attributed to industrial market sales which was at low season, and the start of monsoon season led to
remaining shares cannot be allocated due to fraction of shares. In this regard, the Company was notified by Mongkolsuthree Group1, majority shareholders of the Company, that it intends to oversubscribe the
subscribed, or until such remaining shares cannot be allocated due to fraction of shares. In this regard, the Company was notified by Mongkolsuthree Group1, majority shareholders of the Company, that it
shareholding ratio until all shares are fully subscribed, or until such remaining shares cannot be allocated due to fraction of shares. In this regard, the Company was notified by Mongkolsuthree Group1, majority
the Company’s shareholders with the majority vote of the shareholders presented at the meeting and casting their votes. In this regard, the information material to the shareholders’ decision is as
the majority vote of the shareholders presented at the meeting and casting their votes. In this regard, the information material to the shareholders’ decision is as follows. 1. Details of the Issuance