of the internal audit function has to be reviewed for independence and approved by the audit committee. (5) Review, select, and recommend to the board for nomination and shareholder approval an
company has determined or has agreed in advance to allow any legal entity or individual to be the shareholder, either directly or indirectly, in the amount exceeding ten percent of the total number of
Notification; and (4) have shareholder holding exceeding ten percent of total shares sold with qualifications specified under Clause 3(2) (3) and (4). Where shareholder according to Sub-clause (4) is a legal
transaction in terms of size and involvement with EMC?s major shareholder, the Leenabanchong group, the proposal is therefore classified as related party transaction and asset acquisition subject to the
asset acquisition and a connected transaction because EIC will acquire shares of Eastern Cuisine from a shareholder who is the spouse of a director and an executive of EIC. Therefore, the transaction
” ) because Mr. Suparuek is currently the Company’s major shareholder, and the transaction size is equal to MB 358.03, which is more than the amount of MB 20.00 (NTA cannot be calculated because the NTA of the
Mr. Suparuek is currently the Company’s major shareholder, and the transaction size is equal to MB 358.03, which is more than the amount of MB 20.00 (NTA cannot be calculated because the NTA of the
entry into the Relevant Agreements with Thai Oil, who is a major shareholder of the Company, holding, directly and indirectly, more than 10 percent of the total issued shares of the Company. The entry
Notification”). After the Allocation and Offering of the Newly Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme, ACO I will become a majority shareholder of the Company with a