used as a working capital and increase the liquidity of the Company as well as to be used as the fund for expanding its core business such as the investment for semi-automatic machines to add up in

of ECF-W3 according to the conditions of the rights adjustment in the terms and conditions. 2. The capital increase under a general mandate is to be used as a working capital and increase the liquidity

where the registration statement has already been effective, such information shall be disclosed within the next working day after the date when it is disclosed to such person; -18- Clause 49. In cases

the Company.   - 17 - 8. Source of Fund (1) Existing capital of the Company which will not affect the working capital required for the Company’s operation (2) Cash from the exercise of rights to

will not significantly change the Board of Directors and its structure of the Company.   - 17 - 8. Source of Funds (1) Existing capital of the Company which will not affect the working capital required

(1) Existing capital of the Company which will not affect the working capital required for the Company’s operation (2) Cash from the exercise of rights to purchase ordinary shares of the Company

Company expects to receive new fresh funds as CAPEX and Working Capital. With the support from the new Shareholder, we are positive to be more competitive in term of cost resulting the positive bottom line

additional capital through fund raising for its business expansion, or CAZ’s loan repayment, and/or reserve as working capital. 2. CAZ will have more channel to the future fund raising, which has more

Equity Purchase Agreement, the final purchase price is subject to adjustment of remaining cash, bank borrowings and net working capital required for normal operation of Target Group Hotel and Resort at the

/ Fax 0-2741-6878 / Company Tax ID : 0107545000021 7. Source of Funds The source of funds for the Transaction shall come from the Company’s working capital, which is quite sufficient. 8. Opinion of the