10,710,000 Sale Shares. The exchange ratio shall be 1 ordinary shares of S-TREK to 4.7619 shares of the Company. The payment for and transfer of the first portion of the Sale Shares are expected to be done
the Company’s shares as at the time of the offering Conditions Precedent to the Purchase of the Second Portion of the Sale Shares Any of S-TREK’s audited financial statements for 12-month period ending
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
financial risk with the debt to equity ratio of 12.44 as calculated based on the separate financial statements of the Company as at March 31, 2017 (according to the consolidated financial statements of the
only 0.12, which is a result of the large amount of current liabilities being due in one year, but also is at high financial risk with the debt to equity ratio of 12.44 as calculated based on the
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
percent subject to the Company’s net tangible assets (NTA), greater than THB 20,000,000 and greater than 3 percent of the Company’s net tangible assets pursuant to consolidated financial statement for the
Assets by calculating from the interim audited financial statements ended 30 June 2019 of the Company, the highest transaction size is 19.98 percent based on the value of securities issued by the Company