Pan Asia Footwear Public Company Limited approved the renewal of a loan of THB 6.00 Million from Advantage Footwear Company Limited due to The Company needed to use loan for working capital which will be issued as promissory notes (P/N) is 2.50% p.a. The repayment of principle and interest is at call by AVF and the company can early repay the loan. Terms of Loan:: on 1 December 2022 to 30 November 2025 (3 years) Lending interest: calculated from average deposit interest rate of the commercial banks 1.25% plus 1.25% interest rate of 2.50%.