Company Limited ("IFEC"), acquired the knowledge from the Board of Directors Meetings No. 11/2016, held on 1 November 2016, that IFEC faced a problem with insufficient cash flow to pay off its
reasonable ground to believe that the applicant has financial condition that is likely to cause damage or any other circumstances indicating the applicant ’s financial hardship, including not having any
applicant has financial condition that is likely to cause damage or any other circumstances indicating the applicant’s financial hardship, including not having any reasonable ground to believe that the
right to vote. However, shareholders who have conflict of interest in this issue are excluded from the vote. The Company also needs to prepare the disclosure of informatio transaction from shareholders
conflict of interest in this issue are excluded from the vote. The Company also needs to prepare the disclosure of information memorandum. In order to approve this connected transaction from shareholders
accurately on the matter of substance concerning to the financial position, operating result and cash flow of the Company. 13. Other Information that may significantly affect the decision of the Company’s
. 0107536001133 6) Expected Benefits of the Transaction The Company is in need of working capital for its business operation and liquidity supplement, including to resolve the debt problem of the Company. The
. transactions from shareholders’ meeting wit attend and grant the right to vote. However, shareholders who have conflict of interest in this issue are excluded from the vote. The Company also needs to prepare the