be used for working capital. 10. Condition Precedents of the Transaction A. The Company shall obtain approval from the Shareholders’ Meeting for the disposal of its investment in SUT Global Co. , Ltd
2020 that resolved to postpone the Annual General Meeting of the Shareholders for the year 2020 due to the Coronavirus pandemic situation ("COVID-19 "). Currently, the situation of the outbreak has been
Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and business operation, as the Company has continuous loss. Thus, the Company considers the business
channel, dated 10 May 2019. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and
still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed
situation began to improve in July, the overall Chinese arrivals still expanded slower than the previous year. (Source: Ministry of Tourism and Sports). For year 2019, the number of passenger decreased by 1.6
(COVID-19) in Thailand which affected the overall economy since the government announced various pandemic prevention measures. However, after the widespread and situation in Thailand became controllable
growth in sales of dessert cafés, which accounts for the largest share of revenue. The growth in sales of dessert cafés was mainly due to the improving COVID-19 situation, as a result more customers are