Connected transaction : computer service system (SAP)
23 กุมภาพันธ์ 2550
-Translation-
AIS-CP 007/2007
February 23, 2007
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 a computer service system agreement as follows:
Date of Transaction: For the 2007
Parties involved: Employer: The Company and its subsidiaries
Contractor: I.T. Applications Services Company
Limited (ITAS)
Relationship: The Company is 42.78% owned by Shin Corporation
Public Company Limited (SHIN) and ITAS is 99.99%
owned by SHIN.
General Characteristics of the Transaction:
ITAS will provide service regarding a computer system
to the Company and its subsidiaries. The details are
as follows:
1. Maintenance services for hardware and software.
2. Helpdesk service for SAP user.
3. Supervise for auto budget system.
Value of the Transaction: Totaling fees of Baht 49.37 million per year.
The Basis Used to Determine the Value:
The fee of charge is based on comparative rates of
other contractors, which service the same
characteristics of ITAS.
Connected Transaction and its Condition:
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 as of December 31, 2006, 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