each group of companies, an affiliate acting as the central company is the one whichsets out policies and business directions for all affiliates and associated companies within that group of companies

capital market regulator, the SEC understands the need to study the market landscape, competition structure and business undertaking of the securities business operators including the trends and factors

for Listed Companies” will be provided for all listed companies. In this regard, the working group approved the Faculty of Law, Chulalongkorn University, to prepare and design the structure of the

, the shareholding structure of any group of investors and major shareholders, business operation, fundraising objective, and risk factors. This is to ensure that investors would receive material and

as the “Transaction”). The loan of USD 40 million is secured by the personal guarantee of the owner of Sakthi Group, Dr. Manickam Mahalingam, and CEO of Sakthi Automotive Group USA, Inc., Mr. Lalit

agreements and/or shareholding structure of SGAH Group, are entitled to be paid before shareholders of SGAH, adding cash and cash equivalents. The reinvestment formula based on the aforementioned principle is

of loan agreements and/or shareholding structure of SGAH Group, are entitled to be paid before shareholders of SGAH, adding cash and cash equivalents. The reinvestment formula based on the

Higashi Nihon Mega Solar 3 Godo Kaisha (“Higashi GK”) 19 AE Power Godo Kaisha (“AE Power GK”) 20 Kurihara Godo Kaisha (“Kurihara GK”) (English Translation) Page 6 EP Group Structure (English Translation

4.4 Group Structure 4.4.1 Prior to the amalgamation 4.4.2 After the amalgamation 5 Total value of consideration and other conditions Ferrum Energy shall compensate for the amalgamation for Eco’s shares

), is a reasonable transaction. The objective of the transaction is to restructure shareholding structure of group company to maximize business benefit. The share purchasing price is based on the Net