Ratio 0.43 0.27 0.43 0.27 Leverage (Net Debt/EBITDA) 7.35 3.20 1.78 1.02 Note: Net Debt = Interest bearing liabilities – cash and cash equivalents Mr. Geza Perlaki Mr. Timothé Arthur Maria Van Den Bossche

sq.w. The payment is divided into 3 installments in cash as follows: the first installment payment will be paid in the amount of 20,232,502. 50 Baht within 15 November 2017 the second installment payment

total, which equals to 18,125 Baht per sq.w. The payment is divided into 3 installments in cash as follows: the first installment payment will be paid in the amount of 20,232,502. 50 Baht within 15

NRED is Baht 177,121,770. NRED shall make payment by cash of totaling Baht 177,121,770. Conditions precedent under Joint Venture Agreement 1. The parties comply with their representations and warranty

termination of the lease agreement in the amount greater than book value of the project, whereby it would earn profit from this transaction. Cash would increase, which would can be used as working capital and

Company would obtain compensation from the termination of the lease agreement in the amount greater than book value of the project, whereby it would earn profit from this transaction. Cash would increase

operating Cash and cash equivalents 4,267,243 7,476,453 result Current Asset 182,998,816 188,564,372 Non-Current Asset 94,040,212 375,115,608 Total Asset 277,039,280 563,679,980 Current Liabilities

/EBITDA) 1.72 0.91 1.48 0.60 Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q4 uses annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q4 2017 and Q4

89.0 million Baht or 13.10% (See Table 3) Table 3: The Comparison of Current Assets between Year 2517 and 2516 (Baht 1,000) Items 2017 2016 ±% Cash and cash equivalents 24,299 60,664 -59.94 Trade and

the Company’s cash flow) and exisiting shareholders will pay Baht 50.00 million for increasing in capital of GS. And for another Baht 120.00 million remained the Company and exisiting shareholders will