Directors Relating to the Entering into the Related Parties Transaction Currently, IFEC is under the rehabilitation process of the Central Bankruptcy Court, Black Case No. For. 14/2561, Red Case No. For 25
assessment MBT – mechanical biological treatment MRFs - material recovery facilities MSW - municipal (solid) waste PAS - Publicly Available Specification PET - polyethylene terephthalate PP – polypropylene
to May 15, 2019. Since GSTEL had filed the rehabilitation petition to the Central Bankruptcy Court on November 14, 2017 as disclosed to the Stock Exchange of Thailand (SET), GSTEL was unable to repay
recognition 11) taxation 12) other unique matters, that is, related parties’ balances and transactions, specific accounting practices and issues, violations of debt agreements, rehabilitation plan, and
the Debt Settlement Agreement. Liabilities from terminated rehabilitation plan and compromise decreased by Baht 171 million. Resulted from entered into compromise agreement with some creditors. The
FROM THE CHAIRMAN (Suchart Jaovisidha) Chairman SCE_Eng_p.1-16 10/29/04, 1:05 AM4 5 In 2003, the bullish stock market was a good reflection of Thailandûs economic recovery with strong outlook and
played out against a backdrop of weakening economies of our trade partners worldwide, which in turn posed potential risks to recovery of the world economy. The global financial crisis that took off in the
on December 31, 2018). The Company extended the loan tenor from November 15, 2017 to May 15, 2019. Since GSTEL had filed the rehabilitation petition to the Central Bankruptcy Court on November 14, 2017
outbreak, especially on export, tourism and industrial sector. However, economic recovery has been high uncertain from new wave of the COVID-19 pandemic since December 2020. As a result, the domestic tourism