SASCO surveyed assets used in comparison to assess market prices Item Appraised Asset Comparative Information Land 1 Land 2 Land 3 Asset Characteristics Vacant Land Land and Building Location Next to Rama

% on the date of the transaction Criteria Use in Determining Value of the Transaction Using replacement cost value appraised by Simon Lim & Partners Company Limited, a Real Estate and Machinery Valuers

replacement cost value appraised by Simon Lim & Partners Company Limited, a Real Estate and Machinery Valuers. 6. Transaction Size According to Notification of Connected Transaction The Transaction is

appraised by an independent appraiser approved by the Thai Valuers Association. The rates are determined by the service provider. 1.5 Details of connected parties PTT Public Company Limited, the major

at cost on acquisition date in March 2012, appraised by Modern Property Consultant Co., Ltd. who is independent appraiser approved by the SEC has determined the market price base on the way to compare

, Laemchabange Industrial Estate and Pinthong Industrial Estate because it is necessary for the company. Must buy the purchase price of land and buildings from connected persons in a fair price reason by appraised

from connected persons in a fair price reason by appraised value of the assets. 9. The Opinion from Audit committee and/or Director of the Company which has different opinion from the board of the

with the market value and the forced sale value of Land and Buildings Enclosure Page 5 that are appraised by Prospec Appraisal Company Limited, which is a valuer approved by the SEC. The value of

par value of preferred shares is 10 Indian Rupees per share 2.3. The management of the Company has appraised the share price of the Joint Venture Company by using the Discounted Cash Flow method (DCF

. The Board opinion The Board of Directors’ meeting No.11/2019 , held on December 27, 2019 had considered that such connected transaction was reasonable because the rental fee has been appraised by an