capital from THB 50 million to THB 80 million prior to share sale and purchase date indicated in Share Sale and Purchase Agreement . 4. The details of assets purchased 4.1 Nature of business Type Ordinary
longer necessary for a credit- impaired event to have occurred. The Company applies the impairment approach to financial assets that are credit-impaired upon the initial purchase or acquisition and a
financial assets that are credit-impaired upon the initial purchase or acquisition and a general approach is applied to calculate expected credit losses on other financial assets. 2.2 TFRS 16 Leases TFRS 16
amount of THB 125 million at the share sale and purchase date on April 2, 2018. 6. Value of assets purchased The Company will acquire assets on this transaction in the amount of THB 250 million which
purchase date indicated in Share Sale and Purchase Agreement . 4. The details of assets purchased 4.1 Nature of business At-Ze established in 2011 and operated business Original Equipment Manufacturer or OEM
Analysis We maintain a portfolio of credit for the purchase of receivables and properties for sale acquired at various points in time 4.4.1 Loans Purchased and Foreclosed Collateral Properties The following
the Company to purchase one plot of land, located at Samsen Nai (South Bang Sue) Subdistrict, Dusit (Bang Sue) District, Bangkok, together with structures, from Mrs. Siwalee Trivisvavet, which is
able to achieve higher collection efficiency and cost control management. The Company purchased bad debt from financial institution in Q1/2018 1,017 million Baht. The Company’s Interest Bearing Debt
stood at 27.8%. An increase of net profit was a result of the Company has higher revenues from collection of purchased accounts receivables. Thus, the details of the Company group can be described as
with InsurTech platform. For the operation of debt management last year, the Company acquire distress debt amount 21,003 million Baht in term of outstanding balance of bad debt. The Company’s strategy is