Bliss-Tel Public Company Ltd. agreed to acquire 35% stake in Information Technology Group Co., Ltd. from SJP Solutions Co., LTD. for THB 700 million on August 11, 2017. On August 16, 2017, Bliss-Tel Public Company Ltd signed share purchase agreement with SJP Solutions Co., LTD. Bliss-Tel Public Company Ltd will pay THB 70 million on the signing of share purchase agreement, which would be paid back by SJP Solutions Co., LTD. in case the acquisition could not be completed because of any condition and within the closing date and pay the remaining THB 630 million on the closing date. The signing of share purchase agreement will take place on August 16, 2017. Bliss-Tel Public Company Ltd will pay the purchase price in cash from the funds generated through the increase of capital in the past which amount to THB 986.83 million. For the year ended December 31, 2016, Information Technology Group Co., Ltd. had total assets of THB 728.39 million, net assets of THB 422.34 million, revenue of THB 472.4 million and net profit of THB 93 million. The transaction is subject to approval by the Board of Directors of Information Technology Group Co., Ltd., Information Technology Group employees signing employment agreement and Kalyanamitra, Kattiya Arunpan and Bliss signing of undertaking and collaborative agreement and Information Technology Group and C level employees including Kalayanamitra to sign employment contract. The transaction has been approved by the Board of Directors of Bliss-Tel Public Company Ltd. on August 11, 2017. The transaction is expected to complete on October 2, 2017 or other date as agreed as but not later than October 16, 2017. S 14 Advisory Company Limited acted as the financial advisor, Kudun and Partner Co., Ltd. acted as the legal advisor and ACM Consulting Company Limited acted as the accountant to Bliss-Tel Public Company Ltd. Bliss-Tel Public Company Ltd. completed acquisition of 35% stake in Information Technology Group Co., Ltd. from SJP Solutions Co., LTD. on October 2, 2017.