confident in our business model as our global footprint having regionalized ecosystem coupled with inelastic nature of products allow us to continue to sell at all times and create a steady stream of

and are inelastic consumer goods. As we look ahead for 2020, we feel confident in our business model as our global footprint having regionalized ecosystem coupled with inelastic nature of products allow

ordinary shares of the Company at an offering price of Baht 7 per share, to re-negotiate the conditions of investment in S- TREK shares with the Company, since such offering price of Baht 7 per share which

shares at par value of THB 10 per share. Currently, 99.0% of Carnival Magic’s registered capital is held by Phuket Fantasea hence Carnival Magic is considered the Company’s indirect subsidiary with

of THB 10 per share. Currently, 99.0% of Carnival Magic’s registered capital is held by Phuket Fantasea hence Carnival Magic is considered the Company’s indirect subsidiary with shareholding through

results were satisfactory and confident that they could be able to help improving the Company’s business. SSG Group therefore started negotiating with 7 main trade creditors (including Cargill International

, at a par value of Baht 10 per share, at a selling price of approximately Baht 33.33 per share, equivalent to the total value of Baht 510,000,000, (the “Investment in Ordinary Shares of S-TREK”) which

of 200,000,000 newly issued shares at the par value of THB 1 per share 4 เลขท่ี 1 อาคาร ทีพี แอนด์ ที ชัน้ 14 ซอยวิภาวดีรังสติ 19 14th Floor, TP&T Tower 1 Soi Vibhavadee-Rangsit 19 Tel : (662) 936-1661

Baht 2,896,834,342 to Baht 2,348,135,754 by cancelling 548,698,588 shares at a par value of Baht 1.00 per share. As such shares are the remaining shares which reserved for the existing shareholders by

shares, at a par value of Baht 10 per share, equivalent to the total value of Baht 510,000,000, (the “Investment in Ordinary Shares of S-TREK”) which the payment of such shares shall be by means of share