No. MVP096/2022
August 15, 2022
Subject: Notification of investment in new subsidiary
To: President and Manager
The Stock Exchange of Thailand
M Vision Public Company Limited ( " the Company" ) would like to inform that the Board of Directors Meeting No. 6/2022 on August 15, 2022 has approved the investment in new subsidiary, in order to conduct the business of organizing, media and marketing of blockchain technology.
Name of company | : | Ideal Blockchain Event Organizer Company Limited | ||||
Registration date | : | June 9, 2022 | ||||
Type of business | : | Event organizer media and marketing of blockchain technology | ||||
Location | : 33rd floor Interchange 21 Building, Office No. TT 27, 399 Sukhumvit Road, | |||||
Klongtoey-nua, Wattana, Bangkok 10110 Thailand | ||||||
Registered Capital | : Baht 4,000,000 consisting of 40,000 ordinary shares with a par value of Baht 100 per | |||||
share | ||||||
Proportion of shares | : (1) M Vision Public Company Limited | holds 19,998 shares | proportion 50% | |||
(2) Ms.Prapimpan Lertsirisin | holds | 1 shares | proportion - | |||
(3) | Ms.Apsorn Wilartsakdanon | holds | 1 shares | proportion - | ||
(4) | Ms.Palida Jantratip | holds 19,999 shares | proportion 50% | |||
(5) | Ms.Nittaya Kidjavon | holds | 1 shares | proportion - |
- Remark: Ms.Palida Jantratip and Ms.Nittaya Kidjavon are not related person to the Company
Board of directors | : | 1. | Ms.Palida Jantratip |
2. | Ms.Prapimpan Lertsirisin | ||
3. | Ms.Apsorn Wilartsakdanon | ||
Authorized director | : Ms.Palida Jantratip signed together with Ms.Prapimpan Lertsirisin or Ms.Apsorn | ||
Wilartsakdanon and stamp company's seal | |||
Source of fund | : | Working capital of the Company |
Expected benefits | : To increase the potential of organizing and marketing of blockchain technology both |
domestic and oversea. |
The Company discloses information according to the criteria for investment in other juristic persons with the proportion of investment from 10% of the paid-up capital of the investment company according to the regulations of the Stock Exchange of Thailand regarding rules, conditions and procedures concerning the disclosure of information and any operations of listed companies. However, the transaction of investment in such subsidiary is not considered as a connected transaction according to the Notification of the Capital Market Supervisory Board No. TorChor. 21/2008 Re: Rules on Connected Transactions and the Stock Exchange of Thailand Notification Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions, BE. 2546 and the size of the transaction is not in accordance with the Notification of the Capital Market Supervisory Board No. TorChor. 20/2008 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Stock Exchange of Thailand Notification Re: Disclosure of Information 4 and Actions of Listed Companies in the Acquisition and Disposition of Assets BE. 2547. In which calculating the value of the transaction based on the total value of consideration criteria, compared with the total assets of the Company as of June 30, 2022, found that the value of the highest transaction equals 0.0006 percent
Please be informed accordingly,
Yours sincerely,
Mr.Opas Cherdphan
Chief Executive Officer
M Vision Public Company Limited