(Translation)
Ref: PRIME009/2565
14 July 2022
Subject: Establishment of Subsidiary
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. 8/2022 held on 14 July 2022, has resolved to approve the establishment of new subsidiary. The details are as follows:
Established Company's Name | Prime Solar Alternative (Cambodia) 1 Co., Ltd. ("PSAC 1") |
or other name which can be finally registered | |
Applicable law for registration | Cambodia |
Registration Date | Within 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 | USD 1,000 Divided into 1,000 ordinary shares with a par value of |
USD 1 each | |
Shareholding Structure | • Prime Road Group Company Limited (99.98% subsidiary of the |
Company) holds 91% of shares of PSAC | |
• Shareholders holds 9% of shares as follows; | |
MR. YIN SOTAPANHA holds 5% of shares | |
MR. NGUON MUNIROTH holds 4% of shares | |
Director Structure | 1. Mr. Somprasong Panjalak |
2. Mr. Surachet Chaipatamanont | |
3. MR. YIN SOTAPANHA | |
4. In the process of selecting | |
5. In the process of selecting | |
Source of Fund | Internal cash flow of the Company |
The establishment of new subsidiary is not a connected transaction. The Company has also calculated the size of this transaction 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
1
บริษัท ไพร์ม โรด เพาเวอร์ จ ากัด (มหาชน) เลขที่ 1 อาคารที พี แอนด์ ที ชั้น 22 ซอยวิภาวดีรังสิต 19 ถนนวิภาวดีรังสิตเขตจตุจักรรุงเทพมหานครก แขวงจตุจักร10900 Prime Road Power Public Company Limited, 1, TP&T Tower, 22nd Floor, Soi Vibhavadi Rangsit 19, Vibhavadi Rangsit Road, Chatuchak, Chatuchak, Bangkok, 10900
and Other Acts of Listed Companies Concerning the Acquisition or Disposition of Assets B. E.2547 (as amended). It is found that the transaction size is 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 the information in this case since it is considered an acquisition of investment fund in other company by the a listed company or its subsidiary company, resulting in PSAC 1 becoming a subsidiary 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 แอนด์ ที ชั้น 22 ซอยวิภาวดีรังสิต 19 ถนนวิภาวดีรังสิตเขตจตุจักรรุงเทพมหานครก แขวงจตุจักร10900 Prime Road Power Public Company Limited, 1, TP&T Tower, 22nd Floor, Soi Vibhavadi Rangsit 19, Vibhavadi Rangsit Road, Chatuchak, Chatuchak, Bangkok, 10900