/vikash/Current%20folder/IVL%20forecast%20&%20estimates/MD&A%204Q17/MDA/MDA%204Q17_TH(original).docx%23_Toc506913416 file://///it-sv-fs02/vol-j/user/vikash/Current%20folder/IVL%20forecast%20&%20estimates/MD
, the Company engaged an independent financial advisory to evaluate the fair value measurement of the investments by using income approach method and discounted cash flow to present value. As a result
the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However
shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A
languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the