”). Enclosure 3.3 Rational and background of the transaction As the conglomerate has a new business plan of 100% battery electric vehicle business, Rich Asia Industry Co., Ltd. (Subsidiary) will be the
% battery electric vehicle, as well as after sales service, and will support the investment in Subsidiary company for marketing expansion, including another purchaser (investor) having a good relationship
electric vehicles, which the subsidiary will be the manufacturer of 100% battery electric vehicle, and the subsidiary require production space for assembling the mentioned electric vehicle. Currently, the
. For the 9 months period from January to September, total vehicle production volume growth was driven by strong domestic car sales, which grew 20.3% year on year. Export volume grew by 1.0% compared to
on new electric vehicles which resulted in a decrease in automobile output. 2) Car Dealerships Business; Higher sales in dealership business both in Thailand and Malaysia. In Thailand, sales growth was
growth. However, China operations decreased slightly by 4.8% due to the rapid spread of Covid-19 after the relaxation of China’s zero Covid policy during December which resulted in a decrease in automobile
% Change Production 504,458 516,879 -2.40% 1,065,945 1,056,569 0.89% Domestic 260,221 252,025 3.25% 523,770 489,118 7.08% Export 260,020 266,730 -2.52% 559,861 561,960 -0.37% Total vehicle production volume
reduction due to microchip shortage which has negatively impacted total car production in Europe. The dealership business experienced lower sales both in Thailand and Malaysia compared to Q3 2020 mainly due
: Thailand Automotive Industry Total vehicle production volume in Jan-Mar 2017 was 485,555 units, which was 4.2% lower than a production volume of 506,874 units during Jan-Mar 2016. This year-on-year decrease
range. 2) Car Dealerships Business; Higher sales in dealership business both in Thailand and Malaysia. In Thailand, sales growth was driven by openings of Mazda and MG showroom in Thailand in October 2021