Page 220 - Amata-one-report2020-en

41. Events after the reporting period

On 19 February 2021, the Company and Sinotech Engineering Consultants, Ltd. has signed
the Joint Venture Agreement to establish “Amata GMS Development Co., Ltd.” which is

a company registered in Thailand following the resolution of the Board of Directors’ Meeting
No. 6/2020 held on July 24, 2020 to invest in “Amata Taipei Smart City Project” with a concept

of Smart City and Industrial, Commercial and Mixed Development Areas. Amata GMS
Development Co., Ltd. will be established by the first quarter of 2021 with the registered
capital of 750,000 shares of THB 100 each, totaling of Baht 75 million. In this regard, the

Company will hold 600,075 shares of THB 100 each, or total shares Baht 60 million
representing 80.01% interest, and Sinotech Engineering Consultant, Ltd. will hold 19.99%
interest.

42. Approval of financial statements

These financial statements were authorised for issue by the Company’s Board of Directors
on 25 February 2021.

220 56-1 One Report 2020
67