price is not lower than the book value and not lower than the appraisal price assessed by an independent appraiser Making the said transaction beneficial to the Company 7. Opinion of the Audit Committee

corporate governance where Thailand obtained 82.83 out of 100 in CG ROSC assessment while ranked the third in Asia in CG Watch assessment and assessed with the highest score among six ASEAN countries in ASEAN

interest of individual investors and render cooperation for capital market development. TIA has assessed AGMs since 2006 to monitor and encourage improvement of AGM quality with positive response and

concrete improvement in the aspect of corporate governance where Thailand obtained 82.83 out of 100 in CG ROSC assessment while ranked the third in Asia in CG Watch assessment and assessed with the highest

activities Baht 426.6 million, cash flow used in investing activities Baht 2,374.2 million and cash flow received from financing activities Baht 2,060.6 million, cash and cash equivalent items as of the ended

which came from additional investments in investments in associated companies and fixed assets. Net cash from financing activities was Baht 1,496.09 million mainly from increased short-term debt. As a

activities Baht 603.0 million, cash flow used in investing activities Baht 1,671.4 million and cash flow received from financing activities Baht 993.8 million, cash and cash equivalent as of the ended 31

financing activities Baht 14.1 million, cash and cash equivalent items as of the ended 30 June 2017 is Baht 425.2 million, decreased from the 2016 by Baht 275.6 million as summarized; 3- 1. Net cash received

of 3.8% p.a. for the first year. The proceeds from the issuance of the Debentures will be used to refinance our higher interest rate borrowings (note that the combined financing costs of ABP3, ABPR1

in investing activities Baht 1,276.4 million and cash flow used in financing activities Baht 177.3 million, cash and cash equivalent items as of the ended 30 September 2017 is Baht 641.1 million