We have made payment upon demand by PTT in full pursuant to our obligations under Bank Guarantee (BG). Therefore, we have fulfilled our obligations
with PTT under BG and we will fully discharge when the original of BG return to us. Currently, our Credit Operation Department is follow up with PTT
for the return of original BG and other relevant documents to us.
-Our BG to PTT is open ended and the SBLC from those 2 Issuing Banks in India to us is automatically renew annually unless the Issuing Banks deliver
SWIFT to inform their intention to discharge from their obligations under SBLC. In case we received such SWIFT message, we shall reply such SWIFT
within 30 days to request Issuing Banks to make payment under such SBLC in full. Our operation team has monitor for the renewal of SBLC every year and
the SBLC is subsisting and validity at the time that we claimed those 2 Issuing Banks which mean that we exercised the right against those Issuing
Banks within the validity period of SBLC and we already received the payment from the Issuing Banks in full.