2017. The summary of the appraisal value of the two appraisers appears in Annex 2. The proposed price may be increased or decreased in accordance with the negotiation between the WHART Trust and the

Financial Advisor to comment on fairness of the acquisition value. The agreed price is based on the appraisal of Bangkok Property Appraisal Company Limited on 27 October 2017 and Chartered Valuation and

Tiger Associates Ltd. (3) Mr. Nuttawut Phowborom and (4) Mrs. Sangduan Ewbamrung (collectively called “Existing Shareholders”) in the number of not less than 14,947,300 shares, at a par value of Baht 10

value of Baht 10 per share, equivalent to not less than 57.52 percent of total number of sold shares of KPN Academy, at a price of Baht 30.787 per share, equal to the total number of not less than Baht

value appraised by the financial advisor (KT ZMICO Securities Company Limited) and asset appraiser (Prospec Appraisal Co., Ltd.) , and fix the base price for sale of land and constructions at the value

duty which related to the registration of land transfer. The local maintenance tax and property tax will be borne by the Company. - Total Value of transactions and criteria on pricing : The purchase

the forced sale value of Land and Buildings that are appraised by Prospec Appraisal Company Limited, which is a valuer approved by the SEC. The value of the consideration falls into a range between the

of Land and Buildings that are appraised by Prospec Appraisal Company Limited, which is a valuer approved by the SEC. The value of the consideration falls into a range between the market value and the

"). The value of consideration has been considered from the price negotiated between the Company and debenture creditors, compared with the market value of Machines that appraised by Rich Appraisal Co., Ltd

appraisal company in the capital market and the main appraiser Obligation of Asset : None 4. Total value and methods used to determine the total transaction value 4.1 The Acquisition and Disposal of Assets