(Translation)
Ref: PRIME006/2565
16 June 2022
Subject: Establishment of Subsidiaries
To: President
The Stock Exchange of Thailand
Prime Road Power Public Company Limited ( the " Company") would like to notify that the Board of Directors' Meeting No. 7/2022 held on 16 June 2022, has resolved to approve the establishment of new subsidiaries. The details are as follows:
1. | Established Company's Name | Prime SA Company Limited ("Prime SA") |
Registered under the laws | Thailand | |
Registration Date | Within the Quarter 3 of 2022 | |
Type of Business | Renewable Energy Consulting Business, General | |
Investment Business and international trade | ||
industry | ||
Investment Objectives | To invest in the renewable energy business | |
Registered Capital | 1,000,000 Baht Divided into 100,000 ordinary | |
shares with a par value of 10 baht | ||
Shareholding Structure | Prime Road Group Company Limited (99.98% | |
subsidiary of the Company) holds 99.99% of | ||
shares of Prime SA Company Limited | ||
Director Structure | 1. Mr. Somprasong Panjalak | |
2. Mr. Surachet Chaipatamanont | ||
Source of Fund | Internal cash flow of the Company | |
2. | Established Company's Name | Prime Road Alternative Company (Lanka) Limited |
("PRAL") | ||
Registered under the laws | Democratic Socialist Republic of Sri Lanka | |
Registration Date | Within the Quarter 3 of 2022 | |
Type of Business | Renewable Energy Consulting Business, General | |
Investment Business and international trade | ||
industry | ||
Investment Objectives | To expand the renewable energy business | |
1
บริษัท ไพร์ม โรด เพาเวอร์ จ ากัด (มหาชน) เลขที่ 1 อาคารที พี แอนด์ซอยวิภาวดีรังสิตที ชั้น 22 19 ถนนวิภาวดีรังสิต แขวงจตุจักรรุงเทพมหานครเขตจตุจักร ก10900 Prime Road Power Public Company Limited, 1, TP&T Tower, 22nd Floor, Soi Vibhavadi Rangsit 19, Vibhavadi Rangsit Road, Chatuchak, Chatuchak, Bangkok, 10900
Registered Capital | USD 30,000 Divided into 30,000 ordinary shares | |
with a par value of USD 1 each | ||
Shareholding Structure | Prime SA Company Limited owns 100% shares of | |
Prime Road Alternative Company (Lanka) Limited | ||
Director Structure | 1. | Mr. Somprasong Panjalak |
2. | Mr. Piyasak Chotipruk | |
3. | Mr. Chanin Srisuma | |
Source of Fund | Internal cash flow of the Company | |
The establishment of new subsidiaries are not a connected transaction and these transactions are considered to be in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/ 2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets (as amended) and Notification of the Board of Governors Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition or Disposition of Assets B. E.2547 (as amended) which the transaction size are not subject to any disclosure under regulations on acquisition and disposition of assets of the listed companies. However, the Company has a duty to report information that a listed company or its subsidiary company acquires investments in other companies, which results in such Prime SA and PRAL becoming subsidiary companies of the Company.
Please be informed accordingly,
Yours sincerely,
Somprasong Panjalak
(Mr. Somprasong Panjalak)
Chief Executive Officer
2
บริษัท ไพร์ม โรด เพาเวอร์ จ ากัด (มหาชน) เลขที่ 1 อาคารที พี แอนด์ซอยวิภาวดีรังสิตที ชั้น 22 19 ถนนวิภาวดีรังสิต แขวงจตุจักรรุงเทพมหานครเขตจตุจักร ก10900 Prime Road Power Public Company Limited, 1, TP&T Tower, 22nd Floor, Soi Vibhavadi Rangsit 19, Vibhavadi Rangsit Road, Chatuchak, Chatuchak, Bangkok, 10900