value of Hero Experience which evaluated by the SIMS Property Consultants Co., Ltd. appointed by the Company, the independent valuer which is approved by the Securities and Exchange Commission that it

which is higher than the par value is due to the fact that the Company has considered the value of Hero Experience which evaluated by the independent valuer, the Sims Property Consultant Co., Ltd., the

is reasonable The Company had no independent appraisers to evaluate the price. The evaluated price of the land office as at October 9, 2017 is adopted to be the regulation for evaluating the comparison

Company has considered the value of Hero Experience which evaluated by the independent valuer, the Sims Property Consultant Co., Ltd., the independent valuer which is approved by the Securities and บมจ

evaluated preliminary synergy which will occur during the year 2019-2024, in which is expected to gradually increase until the value can be recognized at approximately Baht 1,600 million in 2024

Baht 8,231 million Baht 2nd Independent financial advisory Method Business valuation Common Share Value Equity value 12,124 million Baht 6,487* million Baht * The Company evaluated the value of the

until the budget is used up, whichever occurs first. 6. Investment The advisor has evaluated the asset acquisition and summarized that the investment value is 237 million baht. The construction, machine

because the discount rate for calculating liabilities with long-term employee benefits which was based on the interest rate of the long-term bonds has extremely decreased. The Company has re-evaluated the

once a year: (1) conduct testing on the business continuity plan with members and involved persons; (2) have the results of the testing under subclause (1) evaluated by a person with required knowledge

which evaluated by company management. 8. The Benefits Expected to be Received by the Company Since the company manufactures paints for industrial use, most of the company's products are sold to