I have a few latest feedback from I

I have a few latest feedback from IRIS : -

1. As IRIS-NSH loan is the step No 1, IRIS-NSH loan could not be signed, as listed party in Malaysia could not provide financial assistance to 3rd party (loan/financing), unless they are subsidiary. IRIS proposed that they need 1 week time to come out with alternative agreement structuring instead of loan. K.Wuthikorn informed IRIS could proceed with PN first without the loan agreement.

2. Promissory Notes - to be interest free.

3. 100% of NSH - Recital E suggests NSH has 10 shares. Contrst definition of "Completion" where completion is for 100 shares in NSH. To check.

4. On IRIS capitalize the loan to share capital in NSH per your comments below, Mr Chang (IRIS Finance Director) still considering if this option works for IRIS in terms of whether it complies with IRIS listing requirement and if this would be subject to any stock market query on the rationale.

I have A few latest feedback from IRIS: -. 1. As IRIS-NSH loan is the step No 1, IRIS-NSH loan could not be signed, as listed party in Malaysia could not provide financial assistance to 3rd party (loan / financing), unless they are subsidiary. IRIS proposed that they need 1 week time to come out with alternative agreement structuring instead of loan. IRIS could PROCEED with PN First K.Wuthikorn informed without The Loan agreement. 2. Promissory Notes - to be interest free. 3. 100% of NSH - Recital E suggests NSH has 10 shares. Contrst definition of "Completion" where completion is for 100 shares in NSH. To Check. 4. On IRIS capitalize the loan to share capital in NSH per your comments below, Mr Chang (IRIS Finance Director) still considering if this option works for IRIS in terms of whether it complies with IRIS listing requirement and if this would be subject to any stock market. query on the rationale.

I have a few latest feedback from IRIS: -

1. As IRIS-NSH loan is the step No 1 IRIS-NSH loan, could not, be signed as. Listed party in Malaysia could not provide financial assistance to 3rd party (loan / financing), unless they are, subsidiary. IRIS proposed that they need 1 week time to come out with alternative agreement structuring instead of loan. K.Wuthikorn informed IRIS could proceed with PN first without the loan agreement.

2. Promissory Notes - to be interest free.

3. 100% of. NSH - Recital E suggests NSH has 10 shares. Contrst definition of "Completion" where completion is for 100 shares in, NSH. To check.

4. On IRIS capitalize the loan to share capital in NSH per your, comments belowMr Chang (IRIS Finance Director) still considering if this option works for IRIS in terms of whether it complies with. IRIS listing requirement and if this would be subject to any stock market query on the rationale.
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