Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9 years, which is the duration according to lease agreement of 3 years with

XPCL is in totally value of Baht 2,065 Million, as appraised based on the Discounted Cash Flow Approach, which reflects the future operational results of XPCL. Furthermore, such value of the disposition

of Baht 2,065 Million, as appraised by Advisory Plus Company Limited, the Company’s financial advisor, based on the Discounted Cash Flow Approach, which reflects the future operational results of XPCL

budget from cash flow in our business process and those Loan from Financial institution. 9. Opinion of the Board of Directors and Audit committee All directors and Audit committee is totally agree that

million at the end of 2017 to Bt6,114 million as of December 31, 2018; short-term debt increased for working capital, while long-term debt decreased due to increased cash flow from operations and as the

events, resulting cash flow throughout the events all the year. And the Company also organized E- Sport event, race for Chombueng Marathon project, 10K Thailand Championship run project, sport tourism, etc

of Funds Cash flow from operations. 6. The benefits of the listed company 1. To be learning center, and exhibition and product promotion center for Vanachai Group. 2. To increase more business channel

’ meeting. Finance costs – existing businesses decreased by Baht 0.13 million, due to cash flow management by management team. Whereas, finance costs – solar energy increased by Baht 0 . 0 9 million compared

financial liquidity of the Company. However, if the company is not allowed for changing the objectives from the processing mentioned above, The Company will use the budget from cash flow in our business

the objectives from the processing mentioned above, The Company will use the budget from cash flow in our business process and those Loan from Financial institution. 9. Opinion of the Board of Directors