management have handled the situation prudently and carefully. We have been focusing mainly on the financial health of the company including managing fixed and variable cost as well as liquidity management
financial due diligence of SUTG and do not found the material adverse effect to the business transfer transaction and as of the business transfer date and there is no any event, circumstance or change that
certain conditions precedents before enter the Transaction in regards of risk managements in conflict of interests, and the key terms are as follows: Condition Precedents 1) Undertaking that after the
Meeting Arrangement and Approval of Interim Dividend Payment According to the current situation of COVID-19 that has high possibility to become more severe: spreading widely, Therefore, the conclusions of
Interim Dividend Payment According to the current situation of COVID-19 that has high possibility to become more severe: spreading widely, Therefore, the conclusions of the Board of Directors (BOD) annual
applicant is not in breach of any condition in complying with the terms and conditions; (8) in cases where the applicant is a Thai entity, it shall comply with the additional requirements prescribed under
Baht 256,500,000 as per the Sale of Shares Agreement of NU dated 13 July 2018, with the precedent condition that the Company as the seller must receive the approval from the Board of Directors before
be used for working capital. 10. Condition Precedents of the Transaction A. The Company shall obtain approval from the Shareholders’ Meeting for the disposal of its investment in SUT Global Co. , Ltd