the event that the Company utilize all of such short-term loan from financial institutions for the purchase of all shares in Hello LED, the Company’s debt to equity ratio (D/E Ratio) will be increased

that may be materially misleading. 2. The Company’s indebtedness 2.1 The total amount of issued and unissued debt instruments resolved by the shareholders’ meeting with authorisation to the Board of

operation and increase in the Company’s financial liquidity, used as working capital and to repay debt which would help reduce the interest burden of the Company. On the date that the Board of Directors

; income (loss) from continuing operations per share; 3    total assets; total liabilities; net assets or liabilities; capital stock (excluding long term debt and redeemable preferred stock); number of

Extraordinary General Meeting of Shareholders No. 1/2019 to consider approving the allocation of the newly issued ordinary shares of the Company to accommodate the adjustment of the exercise price and ratio of

357,000,000 to the Seller by mean of Private Placement as a payment of the 10,710,000 Sale Shares. The exchange ratio shall be 1 ordinary shares of S-TREK to 4.7619 shares of the 2 Company. The payment for and

-869-323 Fax: (66) 038-869-333 – Unofficial Translation – No. GST/ELCID-13/2019 August 9, 2019 Subject: The Debt to Equity Conversion, the Increase of Registered Capital, the Allocation and Offering of

financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors

issued shares to the private placement investor will strengthen the long-term financial structure and the debt to equity ratio of the Company by increasing more financial flexibility for future project and

have the policy to significantly change the management plan, organizational structure and financial structure, save for the implementation of the Company’s plan. However, in order to increase the