DOD Biotech Public Company Limited (DOD) announced that the Board of Directors Meeting held on October 29, 2020, has approved the connected transaction between the Company and Christiani & Nielsen Energy Solutions Company Limited, which have the same directors as Mr. Thanin Srisethi, to enter a purchase transaction and provide installation of solar cell panels for electricity generation totaling 500 kWp or 3,000 sqm. at DOD’s factory located in Samut Sakhon Province with a total purchase and installation value of 10.43 million baht (excluding VAT) and a 180-day installation period with payment terms as follows:
1) 10% Advanced payment after signing the agreement.
2) 35% on delivery of solar cell panel and other key equipment on-site.
3) 35% upon completion of installation work.
4)15% upon completion of the agreement.
5) 5% upon completion of commissioning and facility handover.