Connected Transaction (granted financial assistance) and impact on the submission of the petition requesting for entering into business rehabilitation plan of G Steel Public Company Limited To: President The
Court had reversed the decision of the Central Bankruptcy Court by rejecting the rehabilitation plan and canceling business rehabilitation order issued by the Central Bankruptcy Court. JAS later disclosed
operation business as GSTEL was currently in the process of debt restructuring and seeking funds from external source with aim to enhance its balance sheet and improve their financial strength. The Company’s
financial strength. The Company’s Board of Directors deliberated and approved this financial support to GSTEL based on the ability to repay the debt from the cash flow of GSTEL at that time that GSTEL should
company under Section 4 which issued debt securities. “Rehabilitation” means a company which has any one of the following characteristics: (1) being a company that the Thai court or the Foreign court has
Company had recorded gain from exchange rate for year 2018 amounted to THB 105 million due to the strength in THB currency against US Dollar. Net gain from write-off expired legal prescription of debts
2018 amounted to THB 105 million due to the strength in THB currency against US Dollar. • Net gain from write-off expired legal prescription of debts The Company had recorded net gain from write-off
repayment under the rehabilitation plan of Gateway Estate Co., Ltd. to MDX for THB 10.07 million. In 2019, there is only THB 17.22 million reversal of doubtful debt from debt repayment under the
rate for 3rd Quarter of 2018 amounted to THB 113 million due to the strength in THB currency against US Dollar. 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD
from the repayment of fully amortized debt from MDX Asset to our 2 subsidiaries for a total of THB 70.85 million and also repayment under the rehabilitation plan of Gateway Estate Co., Ltd. to MDX for