percent or more of its total number of outstanding shares are held by the company under (a); (c) Any company whose shares are held in continuous chain beginning from the company whose shares are held by the

of continuous expansion of Thailand’s economy. This is mainly driven by export sector, which enables to be well expanded including with gradual recovery of domestic economy significantly driven from

execution date of the Agreement to sale and purchase shares. For the outstanding share price in the amount of THB 28,954,958.77 (calculated based on the Director’s Loan amount at THB 274,845,041.23) or any

significantly, but the price of imported raw materials were on a continuous upward trend, thus the cost of raw material increased consequently. Total labor cost including requirement of outsourced labors

the higher expenses from organizing events, advertising and public relation to promote Indian series and other series. Such promotion strategy resulted in a continuous growth in revenue form program

whereas the account payables and other account payables increased Baht 42.42 million since from early 2016, the company has faced a lack of liquidity owing to continuous loss for several years causing an

increase more than the growth of revenue. The Gross profit margin of the first six month of 2017 and 2018 was 43.40% and 40.37%, respectively. The company has outstanding backlog as of 30 June 2018 of THB

recovery in EU economy and the start of mass production of this product, resulting in a continuous sales growth since last year. However, sales of Telecom Power System (TPS) products declined 13.3% from the

the Sellers in amount of THB 11,200,000 on the execution date of the Agreement to sell and purchase shares. For the outstanding share price in the amount of THB 28,954,958.77 (calculated based on the

14,563,641, or equivalent to THB 502,579,923.63) (the “Partial Repayment”). 3. ACO I agreed to reduce a part of the Trade Debt (i.e. a haircut) by waiver of the outstanding interest of USD 15,000,000, or