shareholders of Aukkarawat are under negotiation on business issues to be defined in the agreement among shareholders. This is a condition precedent of the share transfer. Agreements in negotiation include such
the previous year due to an unfavorable condition of the Company’s traditional trade channel as the Company appointed a large-sized distributor for the channel since the first quarter of 2018 but later
same period of the previous year due to an unfavorable condition of the Company’s traditional trade channel as the Company appointed a large-sized distributor for the channel since the first quarter of 2
increasing of wastewater tariff. In case that HSMC need to continue this project with the same condition in the contract, the return will not be worth for the investment in the future. Both parties tend to
such act and things relating to the Transaction under the principle approved by the Board of Director Meeting. Please be informed accordingly. Sincerely yours, Mr.Pana Janviroj Chief Executive Officer
an unfavorable condition of the Company’s traditional trade channel because of the terminated contract with the distributor, which was effective since 30 June 2019. Further in this year, the period
ordinary shares have been traded on the SET for 6 months according to the Notification of the Stock Exchange of Thailand Re: Criteria, Condition, and Procedure in Considering an Application to Approve to
the Information Memorandum on Asset Disposal, Transaction No. 2, and are attached hereto as Enclosure 3. Sincerely yours, (Mr. Peerapong Jaroon-ek) Director and Chief Executive Officer Authorized
Company shall then transfer the asset to the highest bidder, under the condition that the price of each asset, regardless of any circumstance, shall not be lower than the “base price” approved by the