Directors considered and viewed that the Transaction was reasonable and beneficial to the Company and its shareholders, given the reasons described in item 8 above. The Meeting therefore resolved to approve
found that the terms under the Credit Agreement are reasonable and are not less favorable the terms under other financial agreements of the Company in the past. As such, the Board of Directors has
financial agreements of the Company in the past, especially in relation to the financial assistance to GSTELfrom the Mahachai Group, and found that the terms under the Credit Agreement are reasonable and are
products that offer well-perceived quality at reasonable prices. We believed that the notable Carabao brand is well imprinted among targeted customers and the positive feedback in term of sales of both the
reasonable cause that such particulars should not be presented in the registration statement or other action has been taken to compensate for such non-disclosure. Clause 33 In considering the information in
earnings of the issuer. In case the issuer would like to provide projected / forecasted financial statements which is merely optional, the issuer shall properly state the reasonable assumptions, including
Transaction is reasonable in which the Company will receive the expected return. The share premium will be the asset of Hero Experience for construction cost and investment in the project. The main expenses are
of the land are fair, reasonable and lower than the prices appraised by the independent appraiser, which are comparable to the market prices of immovable property in nearby areas. 9. Opinion of the
into the transaction is appropriate and for the benefits of the Company and the shareholders, under reasonable conditions. 11. Opinion of the Audit Committee and/or opinion of the director which is