in the SPA being fulfilled. Those conditions precedent include, without limitation, receipt of (i) the approval of general meeting of shareholders and approval of the Bank of Thailand for the Bank’s

in auditing and reviewing its 2014 and Q1/2015 financial statements where the auditor expressed qualified opinions due to limitation on scope of audit imposed by the company management. EIC must submit

in Happy Products and Service Co., Ltd., which the highest transaction value equals to 0.41 percent based on the total value of consideration criterion and the 3-month interim consolidated financial

accounting principles. Moreover, the auditor was unable to find sufficient supporting evidence to satisfy the audit procedures due to limitation on scope of audit imposed by the PICNI management in various

the limitation of dividend payment. 10. Opinion of the Company’s Board of Directors Concerning the Transaction The Board of Directors unanimously approved the transaction due to its consideration and

total value of consideration criterion which granted the highest result, referenced from the consolidated audited financial statement of the Company ended March 31, 2019. After the computation of the

most highest right. (Translation) -8- ▪ Controlling the privilege user strictly, such as controlling the compliance such user in a manner of dual control which imposing two officer possess half of

of the newly-issued ordinary shares totaling 50 percent of the total sold shares in Happy Products and Service Co., Ltd., which the highest transaction value equals to 0.41 percent based on the total

’ qualified opinions resulted from limitation on their scope of audit/review. Hence, the auditors were unable to obtain sufficient and appropriate audit evidence with respect to valuation of investment in PT

be taken by all other creditors such as ACO I so it was limitation for the Company to procure funding sources from loan from financial institution to be used for business operation. Currently, the