ADAM to fraudulently acquire Kitha Properties to be a subsidiary of ADAM by purchasing the total amount of Kitha Properties’ ordinary shares in 2014, although they have already known that Kitha

and lorry tanks, chemical tanks, machinery parts, steel structure). With its growing demand for LPG and the up and coming expansion of LPG storage and receiving terminals, it is expected that the LPG

farmers to tax relief. The main lime consuming sectors of the industry had limited impact from Covid-19 in Q1 by the macro economy. However, the forecasts are for a drop in demand in the coming quarters as

clients and orders due to higher demand for cars and new businesses from closure of financially challenged competitors due to Covid-19. 2) Dealership business; Stronger sales of both dealerships in Thailand

and orders increase due to higher demand for cars. Thailand and China operations were strong, grew 29.2% and 48.1% year-on-year respectively and outperformed the industry. 2) Car Dealerships and

: Criteria to Determine the Value of Consideration). The Company will acquire shares equivalent to 32.5 percent, in total of Baht 850,200,000. However, the Company has expended Baht 280,000,000 in negotiation

acquire tota Keong Rubber Manufactory (Malaya) Sdn Bhd MYR which accounted for 100% of total paid MYR or equivalent to 416,537,120 THB which calculated by issuing 55,000,000 new ordinary shares which is

2204 2616 The Company will acquire shares equivalent to 37.5 percent, in total of Baht 981,000,000. However, the Company has expended Baht 324,999,779.28 in negotiation process in acquiring such shares

100 percent shares held by the Company, to acquire the additional ordinary shares in the amount of 16,875 shares, equivalent to 30 percent of the total shares of COMASS from the Seller at the purchase

held on November26, 2017 which has the material resolutions as follows 1. Approved to propose the Shareholders’ Meeting to approve the Company to acquire total shares of 20,000,000 of Fung Keong Rubber