have the duty to supervise and advise the Board of Directors. Size of Transaction : The calculation of transaction size based on the total value of consideration paid is equal to 0.18% of the total
of most appropriated methodologies from 2 independent financial advisory firms, the Company recognized the effect from loss of control in these two subsidiaries recorded in the consolidated statements
terms of expenses for the three months, the company and its subsidiaries has taken control and reduced expenses of production, sales and management in all areas that are not urgent to maximize benefits
procedures appropriate to the size and nature of the firm? 4 Does the firm have access to current guidance materials regarding the applicable independence, integrity, and objectivity requirements? a. If “yes
acquisition of the ordinary shares in S-TREK is equivalent to 51 percent of the total shares sold of S-TREK in order for the Company to have control power over S-TREK. It is hence deemed that the Company has
. Furthermore, the acquisition of the ordinary shares in S-TREK is equivalent to 51 percent of the total shares sold of S-TREK in order for the Company to have control power over S-TREK. It is hence deemed that
principal Other Conditions : None Objectives : To be used for capital expenditure of the Company and to be working capital of the Company (4) Total Value, Size of the Transaction, and Criteria to Value the
of all shares in the Company and also being a shareholder in TBSP holding 17.80 percent of all shares in TBSP. General Characteristic of the Transaction and Size of the Transaction The transaction is
Characteristic of the Transaction and Size of the Transaction The transaction is the transaction relating to assets and services (Type 4) which is an acquisition of ordinary shares in TBSP (a subsidiary of the
Q3/2019 (under the total value of the consideration criteria). The transaction is deemed as acquisition of asset and the transaction size is not more than 15%, therefore is not subject to comply with