as the “Transaction”). The loan of USD 40 million is secured by the personal guarantee of the owner of Sakthi Group, Dr. Manickam Mahalingam, and CEO of Sakthi Automotive Group USA, Inc., Mr. Lalit

not considered as a breach of conditions or being a default on the loan agreement. In addition, the Group is in the process of requesting approval from a financial institution from another financial

through effective capital management and creation of a culture of risk awareness organization-wide, to enable us to cope with possible economic fluctuations in a timely manner. B Being aligned with our

the second portion of the Sale Shares, in addition to being subject to the Share Purchase Conditions, are also subject to that any of S-TREK’s audited financial statements for 12-month period ending on

price. In determining the discount, the Board of Directors has considered the market conditions at that time. The payment for and transfer of the second portion of the Sale Shares, in addition to being

has considered the market conditions at that time. The payment for and transfer of the second portion of the Sale Shares, in addition to being subject to the Share Purchase Conditions, are also subject

offered securities; nor contain any assurance in relation to the value or returns on the offered securities; nor shall they certify the accuracy and completeness of information contained in the registration

the share transfer agreement (Share purchase transaction). Guarantee obligations and other obligations : -None - Reasons for the share disposal : TL’s business has accumulated losses; therefore, the

in the amount of 40.95% when compared to the year 2018. Most of expenses are fees from issuing letter of guarantee. In year 2019, the Company still has been unable to obtain the financial support from

2019 there is a mortgage of land to guarantee the project - Administrative expenses for the first quarter of 2020 reduced by 30.10% due to the customs department expenses in the first quarter of 2019 is