Date/Time 09 Nov 2022 20:20:00

Headline

Disclosure of Information Concerning the Acquisition of Assets

Symbol ALT
Source ALT
Ref VP221106 November 9, 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. 4/2022 on November 9, 2022 to consider and approve the investment project for the construction of an optical fiber communication network system to support the connection of the submarine cable network between the west coast and the east coast, the routing of Bangkok-Satun-Songkhla-Malaysia, which will invest by International Gateway Co., Ltd., a 100% subsidiary of the Company. The Board of Directors' meeting approved the investment under the construction budget of THB 595 million. The size of investment transaction calculated by the value of consideration criterion. It is 18.4% of total assets of the Company as at September 30, 2022, considered as type 2 transaction. Investment budget value THB 595 million The Company's total assets as at September 30, 2022 THB 3,225 million Investment portion/total assets 595/3,225 = 18.4% The Company has no other investment approval transactions in the past 6 months. Because the size of investment in this project is considered 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. 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.