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

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

, the IFA considered the book value of the land and adjusted to the present with asset appraisal value based on market price by 2 independent appraisers approved by the SEC, namely 1) Siam Appraisal and

used in Value Measurement The price negotiation between the buyer and seller is referred to the appraisal of Sasirachada Co., Ltd. which determines the project value by using the cost approach and income

square meters, which can be categorized in four types of building: Warehouse, Stand-alone factory, Mini factory and Built-to-Suit. Appraised Value The appraisal price of assets under sub-leasehold right in

Purchased and Foreclosed Collateral Properties: The following table sets forth certain details regarding the appraisal value and outstanding balance of the Company’s loans purchased and properties for sale

work system; 3. being an asset appraisal with a widely international network (international firm). (6) the acquired real estates shall have an aggregate value of not less than 500 million baht, and in

between the Company and debenture creditors, compared with the market value of Machines that appraised by Rich Appraisal Co., Ltd. the appraiser who is approved by the SEC, with an assessment for public

nor significantly different from the average values of the land assessed by an independent appraiser approved by the SEC. An appraiser is Ultima Appraisal Company Limited, who made an assessment on 3

approved by the SEC. An appraiser is Ultima Appraisal Company Limited, who made an assessment on 3 August, 2017. The cost of Assessment is 123,800,000 Baht. The transaction is categorized as a connected