"On 25 April 2012, King Wan Corporation Limited (the “Company”, and with its subsidiaries, the “Group”) and its wholly owned subsidiary, King Wan Industries Pte. Ltd (“KWI”) entered into Sales and Purchase (“SPA”) agreements with KTIS to sell their entire shareholding in Environment Pulp and Paper Company Limited (EPPCO) and Ekarat Pattana Company Limited (EPC), for a total consideration of THB1,224,400,000, 5% of the consideration has been paid in cash and the remaining 95% shall be by way of shares in KTIS when it is listed on the SET.

The Board of Directors of the Company is pleased to announce that the Office of Securities and Exchange Commission in Thailand ("SEC") had officially approved KTIS’ Initial Public Offer (“IPO”) filing on 18 April 2014 and KTIS’ shares were opened for subscription between 21 to 23 April 2014. KTIS’ shares will commence trading on the Stock ...