obtained from negotiations between the Company and the Seller, the fair value of which had been evaluated by Capital Advantage Company Limited (“CapAd” or the “Financial Advisor”), which valued ART and AWM

shares in the proportion of 30.00 percent of the total issued shares of UWM were the value obtained from negotiations between the Company and the Seller, the fair value of which had been evaluated by

fair value of which had been evaluated by Capital Advantage Company Limited (“CapAd” or the “Financial Advisor”), which valued ART and AWM at Baht 493.37 million and Baht 148.01 million based on a 30

profit. (1) Investment Properties are booked at cost and depreciated with the straight-line basis over the life of the assets. The estimated fair value is THB 180,409 mn as of December 31, 2017 (stated in

has considered such Share Purchase Price based on the fair value of GSG’s business which is appraised by the discounted cash flow approach. Such appraisal has been made by the financial advisor by

1,114,000.00 Retained Earning (Loss) - Appropriated 88,663.74 64,626.04 55,328.47 50,778.42 Retained Earning (Loss) - Unappropriated 10,596.68 307,230.53 169,400.62 88,986.70 Profit (Loss) from the fair value of

Enclosure 4 1 INFORMATION MEMORANDUM ON THE OFFERING OF THE NEWLY ISSUED ORDINARY SHARES OF G STEEL PUBLIC COMPANY LIMITED TO (1) THE EXISTING SHAREHOLDERS PRO RATA TO THEIR SHAREHOLDINGS (RIGHTS OFFERING) AND (2) A SPECIFIC INVESTOR (PRIVATE PLACEMENT) July 14, 2017 Reference is made to the Board of Directors’ Meeting of G Steel Public Company Limited (the “Company”) No. 6/2017, held on July 14, 2017, at 4.30 p.m., which approved the capital increase of the Company by not more than THB 138,661,...

Enclosure 4 1 INFORMATION MEMORANDUM ON THE OFFERING OF THE NEWLY ISSUED ORDINARY SHARES OF G STEEL PUBLIC COMPANY LIMITED TO (1) THE EXISTING SHAREHOLDERS PRO RATA TO THEIR SHAREHOLDINGS (RIGHTS OFFERING) AND (2) A SPECIFIC INVESTOR (PRIVATE PLACEMENT) (Additions) July 14, 2017 Reference is made to the Board of Directors’ Meeting of G Steel Public Company Limited (the “Company”) No. 6/2017, held on July 14, 2017, at 4.30 p.m., which approved the capital increase of the Company by not more than...

Microsoft Word - ELCID Encl. 4_GST - IM for RO and PP (EN) v11 (03082017)_clean Enclosure 4 1 INFORMATION MEMORANDUM ON THE OFFERING OF THE NEWLY ISSUED ORDINARY SHARES OF G STEEL PUBLIC COMPANY LIMITED TO (1) THE EXISTING SHAREHOLDERS PRO RATA TO THEIR SHAREHOLDINGS (RIGHTS OFFERING) AND (2) A SPECIFIC INVESTOR (PRIVATE PLACEMENT) (Additions) (Amendments) July 14, 2017 Reference is made to the Board of Directors’ Meeting of G Steel Public Company Limited (the “Company”) No. 6/2017, held on July...

to the amalgamation, the assessment of fair value of assets and liabilities received from the acquisition is required according to accounting standards, resulting in the Company realizing goodwill from