financial status and evaluate the assets of Hero Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9 years, with 1,200,000 users and

share, slightly increased from THB 8.60 per share as at December 31, 2016. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2017 Page 8 of 13 Liquidity Cash Flow

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

million or 1.4% as compared to THB 14,320 million as of 31 December 2018 due to an increase in cash of THB 251 million thanks to the improved cash flow from operation netting off the cash flow from

investment start to flow back to USA, US Dollar start to get stronger in the long term (Source: The bank of Thailand). The overall global aviation industry in the first quarter of 2018, a growth in passenger

, compared from the previous quarter. In addition, in term of the currency, Thai Baht and other currencies get stronger again US Dollar. However, due to the capital, and investment start to flow back to USA

analysis, our cash flow is expected to remain strong with no impact on debt repayment and CAPEX plan. Furthermore, the company is receiving additional working capital facilities by approximately THB 4

share as at December 31, 2019. Liquidity Cash Flow Activities For the six- month period ended June 30, 2020, the Company and its subsidiaries generated cash flows from operating activities of

the waste treatment works, but in a way, make the treatment system more efficient. The income of the real estate business has slowed down, despite that, the number of lease of properties for sale

measure by way of reducing both transfer fee and mortgage fee for the house that selling price was less than THB 3.00 million. MK housing projects are in this price range. - Revenue from rent and service