1 -Translation- No. ECF2 046/2562 24 December 2019 Subject: Report of Resolution of Board of Directors' Meeting Re: (1) Disposal of Rights under Loan Agreement, Pledge Agreement and Memorandum of
rights, construct, purchase, provide, sell, dispose, rent lease, hire purchase, grant of hire purchase, borrow, lend accept pledge, accept mortgage, exchange, transfer, accept transfer, or take any action
approved project, if the assets are secured by security other than rights of mortgage, rights of pledge or rights arising from a suretyship, such rights shall pass to the transferee on each transfer through
Kumar, and the pledge of shares in SGAH and its subsidiary to the Company. The Company sees good opportunity to gain stronger footprint in the global market by this investment. Also, the Company will have
. Collaterals of both credit lines 1. The pledge of ordinary shares of GJS holding by the Company in amount of 10,000,000,000 shares at THB 0.04 per share which is the closing price on the execution date of the
gross profit margin for 2018 was 47.4%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine
of 3,411.99 Million Baht which increased from pledge bank deposit of 36.71 Million Baht and money invested in affiliated company of 11.11 Million Baht, decline in fixed asset of 260.92 Million Baht and
of Sakthi Automotive Group USA, Inc., Mr. Lalit Kumar, and the pledge of shares in SGAH and its subsidiary to the Company. The Company sees good opportunity to gain stronger footprint in the global
the memorandum (Negative Pledge) that 3 seller has made to the Kasikornbank PCL., on January 27, 2014 related to provide financial support to NBC next vision Co., Ltd. (2) To cancel the memorandum
business according to the accounting standards under WHA level. However, the genuine gross margin in were at 53.0% and 51.1%, respectively. The decrease in genuine gross margin, compared to the same period