high-risk or complex characteristics outside the offices of intermediaries shall comply with the regulations under Chapter 7. Clause 4 In cases where there is a necessary and reasonable ground, the SEC
). Opinion of the Board of director and Audit Committee The connected transactions of the Company are reasonable in the normal course of business due to all transactions are taking to supporting the business
temporary working capital in the business operation. Currently, GSTEL is in the process of obtaining loan facilities from the new lender. Upon the funding completion, the short term loan will be promptly
used as its temporary working capital in the business operation. Currently, the Company is in the process of obtaining loan facilities from the new lender. Upon the funding completion, the short term
is not considered reasonable to the Company’ s status. As a result, the Company will apply a fair price assessed by a financial advisor who is under the financial advisor list of Securities and
to the total value of Baht 407.50 million. Material condition precedents 1. The Company has obtained the letter of consent from Kasikornbank Public Company Limited, the creditor of the Company, to
amended the former Bankruptcy Act, with major changes as listed below. 1. To be consistent with the Business Security Act, B.E. 2558 (2015), the term “secured creditor” has been redefined to include secured
regulations under Chapter 7/1. Clause 4 In the case where there is a necessary and reasonable ground, the SEC Office may grant a waiver for an intermediary from complying with any rule under this Notification