ratio] of not less than seven percent of the general liabilities and collateral at the end of any business day. The calculation of the net capital [and net capital ratio] under Paragraph 1 shall be in

percent of the general liabilities and collateral at the end of any business day. The calculation of the net capital [and net capital ratio] under Paragraph 1 shall be in accordance with the Notification of

end of any business day. The calculation of the net capital [and net capital ratio] under Paragraph 1 shall be in accordance with the Notification of the Office of the Securities and Exchange Commission

in calculation of value: VNG is compared its to the market value of the other office near area in year 2004. Firstwood Co., Ltd. (a related company) does not have to raise the price of rent and service

4.2.1 The service of warehouse area is 161,280 Baht per month. 4.2.2 The service of office area is 20,000 Baht per month. - 2 - 5. Method use in calculation of value: The mentioned service rate of

amount 2,500,000 Baht per month. - 2 - 5. Method use in calculation of value: The mentioned service rate of warehouse is set from the market price - evaluated by The Valuation & Consultants Company Limited

1,491,240 Baht per month. 5. Method use in calculation of value: The rental rate base on the fair market value that valuation by The Valuation & Consultants Co., Ltd. Assessor : The Valuation & Consultants Co

monthly rental at 430,000 Baht per month. 5. Method use in calculation of value: The rental rate base on the fair market value that valuation by The Valuation & Consultants Co., Ltd. Assessor : The

at 233,400 Baht per month. 5. Method use in calculation of value: VNG is compared its to the market value of the other office near area in year 2004. Firstwood Co., Ltd. (a related company) does not

equivalent to approximately THB 2,762.96 million. 6. Size of the Transaction This calculation is based on the consideration value of approximately THB 2,762.96 million (calculated from VND 2,073.19 Billion and