of Directors and the Audit Committee opine that the early retirement and the subsequent compensation payment to Kitti are justified, claiming that this decision will help resolve ongoing management
as working capital for business operation. The Board of Directors and the Audit Committee of HYDRO opine that the PP transaction will contribute to the company’s robust financial position
me was calcu mpany had e which the Boa he Company ich transactio ew office from nsaction er re e) Percent 0 49.00 0 12.40 0 12.00 0 26.60 ction and opine mpany whereb nvestment an The Board and
Directors’ Meeting No. 5/2020, held on 16 June 2020, has carefully considered this transaction, by considering the conditions of the transaction, the appropriateness of the sale value and opine that could
value and opine that could resolve the Company’s liabilities and has an unanimous resolution to submit to the Extraordinary General Meeting of Shareholders No. 1/2020 which will be held on 12 February
conditions of the transaction, the appropriateness of the sale value and opine that could resolve the Company’s liabilities. Enclosure 12. Opinion of the Audit Committee and/or opinion of the director which is
Independent Financial Advisor (IFA) to opine on the reasonableness of the transaction as well as the fairness of the transaction price and conditions to the shareholders of the Company. From the analysis by the