higher than the PFA’s assessed fair value of 359 million baht and the internal rate of return (IRR) is lower than OTO’s cost of equity and cost of capital. Moreover, the proposed investment of 150 million

capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in newly

increase the capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in

Ref.No.IVL006/05/2018 14 th May 2018 President The Stock Exchange of Thailand Subject: Acquisition of Equity stake in Avgol Industries 1953 Ltd., Israel The Board of Directors’ Meeting No. 3/2018 of Indorama

) amounting of 120,000,000 shares as par value of Baht 0.50 (after conversion to a Public Company Limited, UAPC will change par value from 100 Baht to 0.50 Baht) or equivalent to 25.00 percent of Total Paid-up

subsequent to the item No. 18. Shareholders’ equity 20. Share capital 20.1 Authorised share capital means legal registered capital shall demonstrate category of share, amount of share and value of each

demonstrate subsequent to the item No. 18. Shareholders’ equity 20. Share capital 20.1 Authorised share capital means legal registered capital shall demonstrate category of share, amount of share and value of

net equity securities It shall disclose the rule of fair value assessment of each category of investments in debt and net equity securities namely cost price, price writing-off cost, current

. 2. The total value of the acquired assets is 2,975.87 Million Baht. 6. Source of Funds 6.1 Source of funds for the upfront fee shall be used from the shareholders equity. 6.2 Source of funds for

project cost shall be used from the shareholders equity and loans secured from financial institution. 7. Criteria used in calculating the value of consideration The rate of rental is mutually agreed by the