I would like to inform you that the directors of Shera Building Solution (the "New company") are the management and/or owner of Mahaphant Group (i.e. Mahaphant Fibre-Cement PCL and Thai Olympic Fibre-Cement Co. Ltd.). The new company will purchase the products from Mahaphant Group, so the director is directly interested in contract and the conflict of interest may arise from such transaction.
For this reason as mentioned above, we would like to delete clause 71 of AoA (A director shall not vote in respect of any contract or proposed contract with the Company in which he is interested, or any matter arising thereout, and if he does so vote his vote shall not be counted).
In Clause 62 (h) that mentioned "(h) is directly or indirectly interested in any contract or proposed contract with the Company and fails to declare the nature of his interest in manner required by the Act."
We would like to confirm that in case the director declare the nature of his interest in accordance with the Act, he will not remove from the office or claimed by breach the obligation under this AoA.