News Detail

08 Apr 2022 17:17:00
Cancel of the agenda for the allocation of newly issued ordinary shares issued and offered to the existing shareholders in proportion without allocating to shareholders to make them have duties under foreign law (PPO) because the meeting disapprove
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                Schedule of Shareholders' meeting

Subject                                  : Schedule of Extra-General Meeting of 
Date of Board resolution                 : 28-Feb-2022
Shareholder's meeting date               : 07-Apr-2022
Beginning time of meeting (h:mm)         : 14 : 00
Record date for the right to attend the  : 15-Mar-2022
Ex-meeting date                          : 14-Mar-2022
Significant agenda item                  :
  - Capital increase
  - The issuance of convertible securities
  - Change of par value
Venue of the meeting                     : Arrange live broadcast at from the  
meeting room of the Company's headquarter, All Inspire Development PCL, No.4345
Bhiraj Tower at BITEC 18 Floors, Sukhumvit Road, South Bang Na Sub-District,
Bang na District, Bangkok 10260
Remark                                   :
By conducting the meeting though electronic device (E-AGM) in accordance with
criteria specified in the laws on electronic meeting and arrange live broadcast

Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
Date of Board resolution                 : 28-Feb-2022
Number of additional common shares       : 1,731,758,503
Total of additional shares (shares)      : 1,731,758,503
Par value (baht per share)               : 0.50
Type of allocated securities             : Common shares
  Allocated to                           : Reserved shares for the right 
adjustment of convertible securities
    Number of allotted shares (shares)   : 28,000,000
  Allocated to                           : Reserved shares for the exercise of 
convertible securities
    Number of allotted shares (shares)   : 360,494,059
Remark (Update)                          :
- Amount of capital increase shares 1,731,758,503 shares, consisting of 1) new 
shares allocated to ordinary shareholders without allocating to shareholders
that would be obligated under foreign law (PPO) 1,343,264,444 shares 2) capital
increase shares to support the adjustment of rights of convertible securities
28,000,000 shares and 3) shares increase capital to support the exercise of
rights of securities Convertible 360,494,059 shares
- In this regard, the Company would like to cancel the agenda for the capital 
increase allocated to the existing shareholders in proportion to their
shareholding. without allocating to shareholders that would make the company
have duties under foreign law (PPO) amounting to 1,343,264,444 shares in an
allocation ratio of 1 existing ordinary share to 1 newly issued ordinary share
at the offering price of 0.50 baht per share and cancel the date to determine
the names of shareholders who are entitled to receive the allotment of newly
issued ordinary shares in proportion to their shareholding (Record Date) on
April 21, 2022 due to the Extraordinary General Meeting of shareholders which
was held on April 7, 2022, resolved to disapprove the said agenda.

Changing the Par Value

Subject                                  : Splitting the par value
Date of Board resolution                 : 28-Feb-2022
Old par value (baht per share)           : 1.00
New par value (baht per share)           : 0.50

Issued Convertible Securities

Subject                                  : Issued convertible securities
Date of Board resolution                 : 28-Feb-2022
Type of allocated securities             : Convertible debentures
  Allocate to                            : Private placement (PP)
  Person(s) receiving allotment(s)       :
    Advance Opportunities Fund ("AO Fund")
Advance Opportunities Fund 1 ("AO Fund 1")
    Reserved shares for the exercise of  : Common shares
convertible debentures
    Number of additional shares (shares) : 360,494,059
    Description of convertible debentures
      Name of convertible debentures                                   : Senior 
Unsecured Convertible Debentures ("Convertible Debentures")
      Term of convertible debentures     :
        3 Years
Remark                                   :
The company issues and offers convertible debentures. Value not more than 840 
million baht

Conditions of the Issuance of Convertible Debentures : Number of allotted
convertible debentures, The price and exercise ratio will be informed via SET

The Company will gradually issue the Convertible Debentures by tranche, each
tranche, respectively. In each issuance of the tranche of Convertible
Debentures, the Company will gradually issue each set in each tranche according
to the Company's financial needs. The issuance of convertible debentures is
subject to the completion of the conditions precedent which are: Permission from
the Securities and Exchange Commission and other relevant agencies, including
the terms and conditions of the Convertible Debentures.
However, the timeframe of the conversion is within 1 year after shareholder's
meeting approved the issuance. If the Company did not issue all the Convertible
Debentures within 1 year, the Company may request a resolution of the
shareholders' meeting to issue the unissued convertible debentures according to
the Company's financial needs.
This announcement was prepared and disseminated by listed company or issuer 
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of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
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losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.