the Requirement to Make the Tender Offer for all Securities of the Business by Virtue of the resolution of the Shareholders’ Meeting (Whitewash), Appointment of the Independent Financial Advisor and

, financial advisor and legal consultant opined that the investment in the Target Group Hotels and Resorts through the purchase of equity in the Target Company is appropriate and reasonable in line with the

plan of PP1 and PP3 which shall sell the assets into Real Estate Investment Trust (REIT) upon project completion in the next 3-5 years. The Company has hired a financial advisor licensed by the Office of

, Price to Book Value Ratio method, and Discounted Cash Flow method, valuated by the financial advisor of the Company, the financial advisor of the Company opines that the Valuation Account method is the

Discounted Cash Flow method, valuated by the financial advisor of the Company, the financial advisor of the Company opines that the Valuation Account method is the most appropriate valuation method because

approach, adjusted book value approach, price to book value approach and net present value approach, performed by Orion Advisory Company Limited as the financial advisor of the Company. However, the

right to vote, excluding the vote of the shareholders having a conflict of interest. • Appoint Discover Management Co., Ltd. to be the Independent financial advisor to express and prepare the opinion in

ำ เช่น call center, robo advisor, leaflet เป็นตน้ แนวทางทีเ่สนอ เม่ือสมำชิกท ำกำรประเมินควำมเหมำะสมในกำรลงทุน (suitability test) แลว้ บลจ. ตอ้งแจง้ผลกำรประเมิน ดงักล่ำว พร้อมทั้งใหค้ ำแนะน ำเบ้ืองตน้

in this period. Administrative Expenses Baht Million 2018 2019 +/(-) +/(-) % Employee and executive expenses 65.14 98.81 33.67 51.69% Advisor expenses 8.20 10.31 2.11 25.73% Loss on exchange rate

right vote, however shareholders who have conflict of interest in this issue are excluded from the vote. (3) Appoint the Independent Financial Advisor for an opinion on the transaction to Securities and