shareholders’ meeting consider and approve the granting of a loan, amounting THB 300,000,000 (three hundred million baht only) with interest of 2.08 percent per annum, totaling THB 312,480,000 (loan amount plus
procedures as specified in the notification. In this regard, Bitazza failed to provide the management and operational data recording system by failing to present appropriate loan process and agreements to the
% from THB 276mn as of 31 December 2016. The Company gives 90 days credit terms to customers. The average credit terms paid by customers was 80 days as of 30 June 2017 and 77 days as of 31 December 2016
offset by increase due to interest on account default in repayment of Loan and Standby Letter of Credit (SBLC). 6. Other expense The Company and subsidiary did not record any other expenses during the
ended June 30,2020, which increased from the initial adoption of new financial reporting standard. However, the Company also recorded Expected credit losses on loan purchased of receivables in accordance
does not default on a principal or interest payment of the debt securities or default on a loan payment of a commercial bank, finance company, credit foncier or financial institution established under
principal or interest payment of debt securities or default on a loan payment of a commercial bank, finance company, credit foncier company or financial institution established under specific law; (7) the
entered into loan contracts with financial institutions, the collaterals for those credit lines were as the following details. Connected persons/ juristic persons Characteristic of connected transaction
liabilities 1,325.56 1,396.78 (71.22) Equity 800.67 883.54 (82.87) Consolidated financial information (Unit : Million Baht) 5 / 5 • Short-term loan from related party decreased by Baht (3.62) million as due to
value of net tangible assets basis, equals to 15.22% (based on the Financial Statements for the year ending 31 December 2019). Source of Fund for Investment - Loan from bank in the amount of 75 million