principal asset and accessories (if any) shall contain at least the following matters: (1) prior to acquisition of the principal asset each time, a REIT manager has to proceed as follows: 11 (a) verify or
and do all necessary acts so that the business shall proceed in accordance with the approved project. If it is appropriate, the SEC Office may change the provisional representative. Section 26. On
person in all respects and do all necessary acts so that the business shall proceed in accordance with the approved project. If it is appropriate, the SEC Office may change the provisional representative
shares offered to the public. Major shareholders of the Company Free-floatedFree-floated The shareholding before capital increase The shareholding after capital increase PAGE 5 MANAGEMENT DISCUSSION
of company, company could not secure the new backlog. The proceed from capital increase shall allow the company to relieve the financial constraint which lead to more flexible position of the working
mn 2.) To fund the future construction projects. Due to the financial difficulties of company, company could not secure the new backlog. The proceed from capital increase shall allow the company to
is the additional investment for the first phase in order to pay for the water under the conditions of investment is Baht 333.44 million. that GS need to be completed before the Company invests. And
documents under Paragraph 1 are translated from a foreign language, the foreign entity shall also proceed as follows: (1) certify that the substance of the translated information or documents has truly
requesting for loan and entering into any transactions in the future. Therefore, the Company decides to proceed with this Debt to Equity Conversion Scheme. 1.2 Procedures of the Debt to Equity Conversion