Microsoft Word - 61-01_E_Explanation of overall operation for 2017.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 257 MU 1 SOI HYLAND, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN 10290, THAILAND TEL : (662
supporting future business expansion domestically and internationally as well as for the purposes of overall competitiveness in financial management accordingly. The Company will remain as the major and
amended) (the “Notifications on Acquisition or Disposition of Assets”). Should the Fair Price apply in the calculation of the transaction value based on the total value of consideration relative to the
Concerning the Acquisition or Disposition of Assets B.E. 2547 (2004), dated October 29, 2004 (as amended) (the “Notifications on Acquisition or Disposition of Assets”). Upon calculation of the value of such
discontinuation of the manufacturing business will not affect the overall operating results, whereby the Company will continue to focus on its trading business of accessories and faucet products. Furthermore, the
Market (“TWSE”) and the offering of Over-allotment option by the Company for the purpose of supporting future business expansion domestically and internationally as well as for the purposes of overall
Disposition of Assets B.E. 2547 (2004), dated October 29, 2004 (as amended) (the “Notifications on Acquisition or Disposition of Assets”). Upon calculation of the value of such transaction based on the Total