13 May 2022 20:29:00
Disclosure of Information Concerning the Acquisition of Assets
Ref VP220503 May 13, 2022 Subject: Disclosure of Information Concerning the Acquisition of Assets To: President, the Stock Exchange of Thailand Enclosures: Information Concerning the Acquisition of Assets in Account (1) & (2) ALT Telecom Public Company Limited (the "Company") convened the Board of Directors Meeting No. 2/2022 on May 10, 2022 to consider and approve the investment project for the construction of a fiber communication network system, to connect data centers according to the requirement of customer. The Company has entered into the contracts with a customer to provide network service for the period of 5-10 years under the condition that the customer must pay the network service fee to the Company in advance. And the Company must strictly maintain the confidentiality of the contracts. In order for the Company to be able to provide services to customers under the said contract. The Company has to invest in the construction of an additional optical fiber communication network system. The investment in such project has been approved by the Board of Directors. Because the investment in such project is worth the transaction size as Type 2 Transaction according to the method of calculating the transaction size by using the total value of consideration criterion, according to the Notification of the Capital Market Supervisory Board No. TorJor. 20/2008 Re: Rules for Significant Transactions Qualified as Acquisition or Disposition of Assets dated August 31, 2008 and the Notification of the Board of Governors of the Stock Exchange of Thailand. Re: Disclosure of Information and Acts of Listed Companies Concerning the Acquisition or Disposition of Assets B.E. 2004 dated October 29, 2004. The Company is obliged to disclose information to the Stock Exchange of Thailand and make a circular letter to shareholders within 21 days from the date of notification to SET. The Company, with the acceptance of the Board of Directors, hereby certifies that the information contained in this notification is true and correct in all respects. and has been prepared with due care and caution without violating the confidentiality agreement that the Company has agreed to be bound. However, the interests of the shareholders were taken as a priority. For your information. Best regards, Somboon Setsuntipong Vice President Finance & Accounting ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination 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, reports or opinions contained in this announcement, and has no liability for any 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.