is viewed that the Company shall terminate or sell the investment, and the Company shall, then, seek for investors who are interested in the project. At present, the current management, representing
Exchange of Thailand (“SET”) persuant to the Notification on Connected Transaction. b) To seek for approval on connected transactions from the meeting of shareholders with the votes of not less than three
the day that the Company has notified the Stock Exchange of Thailand (SET) as Type 1 according to the Rules on the Acquisition or Disposal of Assets. However, the Company does not require to seek
such, the Company is not required to report and disclose the execution of such transaction, and is not required to seek the shareholders’ approval under the Notifications on Acquisition or Disposition of
Industry Public Company Limited (“KSL”). Therefore, to effectively seek additional sources of fund as a channel of fund raising to adequately support the expansion, enhancement and strengthening of bio-based
addition, Osotspa explored further to seek growth opportunities and leverage expertise in related industries. Therefore, Osotspa planned to invest in glass bottle manufacturing and trading companies in
seek out capable investors to help ameliorate the Company’s financial status, where in 2011, the Company entered into a joint investment agreement with ArcelorMittal Netherlands B.V. (“AM”); however, the
debts in accordance with the debt restructuring plan. The Company made other efforts to seek out capable investors to help ameliorate the Company’s financial status, where in 2011, the Company entered
restructuring. This debt restructuring shall be proposed to seek an approval from the extraordinary general meeting on 30 August 2017 before entering the transaction. Overview of World Steel Industry According to