Connected transaction in relation to SAP
17 กุมภาพันธ์ 2549
-Translation-
AIS-CP 026/2006
February 16, 2006
Subject: Notification of the connected transaction in relation to a
computer service system (SAP)
To: The President
The Stock Exchange of Thailand
Advanced Info Service Public Company Limited (the Company) would like
to inform you that the Company and its subsidiaries have entered into
the following computer service system agreement.
Date of Transaction: One year (January 1,2006 to December 31,2006)
Parties involved: Employer: The Company and its subsidiaries
Contractor: I.T. Applications Services Company
Limited (ITAS)
Relationship: The Company is 42.80% owned by Shin Corporation
Public Company Limited (SHIN) and ITAS is 99.99%
owned by SHIN.
General Characteristics of the Transaction:
ITAS will provide a computer service system for the
Company and its subsidiaries. The details are as
follows:
1. Maintenance services for hardware and software.
2. Helpdesk service for SAP user.
3. Supervision for auto budget system.
Value of the Transaction: Total fees of Baht 50.54 million per year.
The Basis Used to Determine the Value:
The fee is based on comparative rates of other
contractors, who offer the same type of service as
ITAS.
Connected Transaction and its Conditions:
Entering into a computer service agreement of the
Company and its subsidiaries is considered to be a
connected transaction of listed companies, as
prescribed in the Notification of the Stock Exchange
of Thailand (SET) regulations regarding rules,
procedures and disclosure of connected transactions
of listed companies in a category of supporting
normal business transaction. The size of the
transaction is over 0.03% but less than 3.00% of net
tangible assets, thus requiring the Company to
report the transaction to SET.
Please be informed accordingly.
Yours sincerely,
-Signed-
Somprasong Boonyachai (Mr.)
Director
Advanced Info Service Public Company Limited