the condition that a due diligence and feasibility study of the project and valuation of shares are being satisfied and there must be no material adverse effect to the financial conditions and operation

the maximum size equal to 12.47 percent of the total value for consideration as set out in the Company’s Financial Statement on September 30, 2019. Therefore, 3 the total value of the said transaction

independent financial advisor to provide opinions on the justification and benefits for the Company, price fairness, and conditions of the connected transaction. 9. Opinion of the Audit Committee and/or of

., Ltd. as an independent financial advisor to provide opinions on the justification and benefits for the Company, price fairness, and conditions of the connected transaction. 9. Opinion of the Audit

Cost, the transaction value will be equivalent to 1.37% of the Company’s Net Tangible Asset (NTA) based on the Company’s reviewed financial statements on a consolidated basis as of 30th September 2018

of consideration based on the Company’s consolidated financial statements as of 31 December 2019 audited by the certified auditor. There is no acquisition transaction to be incurred in the past 6

consideration paid basis of the Company pursuant to the reviewed financial statements of the Company ended June 30, 2017. After calculating using the above methods, the highest value of the transaction calculated

Securities Public Company Limited to be Independent Financial Advisor having opinions towards the Shareholders’ Meeting of Rich Asia Industry Company Limited (“Subsidiary Company”) on the transaction of

million Baht). Thus, the book value of such land bank as stated in the consolidated financial statement of the Company ended December 31, 2017 are Baht 506,380,500. (4) Size Calculation This transaction is

follows: 1. Acknowledge the Company's performance for the third quarter ended November 30, 2018; 2. Unanimously approved the reviewed financial statements of the Company for the third quarter and nine-month