external challenges. Finally, I wish to sincerely thank the SEC’s management and officers and all parties who have dedicated their effort towards the sustainable development of our capital market. I am
of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media
, L.P. (“SSG III”). Under the MOU, SSG III and its subsidiaries wish to engage in the debt restructuring of the Company through the juristic persons under the control of SSG CH, SSG III and KG, i.e. Asia
to Equity Conversion Scheme. 2.2 Details of the Project of the Company and/or its Subsidiaries in Which the Proceeds from the Capital Increase Will Be Utilized Under the debt restructuring plan of the
understanding (the “MOU”) with Kendrick Global Limited (“KG”), a subsidiary of SSG Capital Partners III, L.P. (“SSG III”). Under the MOU, SSG III and its subsidiaries wish to engage in the debt restructuring of
compensation from this termination of the lease agreement, which would thus increase cash flow which could be used as working capital and/or to develop other potential projects. Accordingly, the Board of
addition, the Company would earn profit from the compensation from this termination of the lease agreement, which would thus increase cash flow which could be used as working capital and/or to develop other
there are no remaining shares, or until such remaining shares cannot be allocated due to fraction of shares, or no other shareholders wish to subscribe for such shares. In this regard, the Company has set