News Detail

13 Sep 2021 09:41:00
Resolutions of Board of Directors, Increase of Registered Capital, Change of Par Value, Acquisition of Shares, Whitewash, Reduction of Registered Capital, Issuance of HEMP-W1 and the Schedule of EGM No.2/2021
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                Schedule of Shareholders' meeting

Subject                                  : Schedule of Extra-General Meeting of 
Date of Board resolution                 : 10-Sep-2021
Shareholder's meeting date               : 26-Sep-2021
Beginning time of meeting (h:mm)         : 08 : 30
Record date for the right to attend the  : 01-Oct-2021
Ex-meeting date                          : 30-Sep-2021
Significant agenda item                  :
  - Capital increase
  - Paid up capital reduction
  - Acquisition and disposition of assets
  - The issuance of convertible securities
  - Change of par value
Venue of the meeting                     : Electronic Meeting (E-EGM)

Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
Date of Board resolution                 : 10-Sep-2021
Number of additional common shares       : 3,949,524,275
Total of additional shares (shares)      : 3,949,524,275
Par value (baht per share)               : 1.00
Type of allocated securities             : Common shares
  Allocated to                           : Private placement
    Person(s) receiving allotment(s)     : More Return Public Company Limited
    Number of allotted shares (shares)   : 1,655,262,500
    % of Paid Up Capital after capital   : 29.53
    Subscription price (baht per share)  : 0.12083
    Total shares allocated to Private    : 1,655,262,500
Placement (Shares)
  Allocated to                           : Reserved shares for the exercise of 
convertible securities
    Number of allotted shares (shares)   : 2,294,261,775

Changing the Par Value

Subject                                  : Merging the par value
Date of Board resolution                 : 10-Sep-2021
Old par value (baht per share)           : 1.00
New par value (baht per share)           : 12.90

Paid up Capital Reduction

Subject                                  : Capital reduction by reducing par 
Date of Board resolution                 : 10-Sep-2021
Par value before capital decrease        : 12.90
capital (baht per share)
Par value after capital decrease (baht   : 1.00
per share)

Issued Convertible Securities

Subject                                  : Issued convertible securities
Date of Board resolution                 : 10-Sep-2021
Type of allocated securities             : Warrants
  Allocate to                            : Existing common shareholders
    Number of allotted warrants (units)  : 177,849,750
    Reserved shares for the exercise of  : Common shares
    Number of additional shares (shares) : 177,849,750
    Ratio (Existing shares : Warrant)    : 2 : 1
    Offering price (baht per unit)       : 0
    Description of warrants
      Warrant Symbol                     : HEMP-W1
      Name of warrant                    : Warrants to Purchase Ordinary Shares 
of Health Empire Corporation Public Company Limited [Series 1 (HEMP-W1)] (the
"HEMP-W1 Warrants")
      Exercise ratio (warrant : share)   : 1 : 1
      Exercise price (baht per share)    : 15.00
      Term of warrants                   :
    Two (2) years from the issuance date of the HEMP-W1 Warrants
Remark                                   :
Record date will be re-established after the change of the par value by way of 
reverse stock split and the capital reduction to compensate for accumulated

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