For your quick reference, Art Fame holds interests in Hot Rock which in turn holds pieces of land in Thailand for tapioca warehouse purposes. Art Fame and Hot Rock structure is in place. (Note: Alternative View Investment Co Ltd and Art Rich International Co Ltd are the subsidiaries of Asia Cassava Resources Holdings Limited (ACR), a listed company in Hong Kong.
Now, you understand that certain shareholders are Thai person(s) which in fact holds shares on behalf of ACR Group. We would like you to take "Aja - Art Rich Arrangements for Global Property" during our IPO as reference to prepare the relevant documentation for Art Fame and Hot Rock for protection of ACR's interest, like lshare pledge agreement, letter of undertaking, proxy, etc.