reviewed by the auditor as at June 30, 2018. The details on calculation of the value of the asset acquisition transaction are described below. Basis Formula Calculation Size 1. Net tangible asset – NTA) NTA

of the calculation of the transaction size Calculation formula (unit: thousand Baht) Transaction size 1 Net tangible asset (NTA) NTA of the transaction x Selling ratio/ NTA of the listed company 14,000

assets5 (%) 43.2% -47.0% Debt to equity (times) 0.3 0.3 Asset turnover (times) 0.8 0.4 Remark:  Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK The

% Debt to equity (times) 0.3 0.4 Asset turnover (times) 0.7 0.4 Remark:  Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK The COVID-19 pandemic has

million as the continuing increasing in fuel material cost from increase in natural gas price, thus sales in the portion of natural gas power plant electric power formula also increase in line with the fuel

Note : (1) Reference Price of EPPO (2) Conversion ratio: 0.865 Tons = 1,000 Liters (3) Reference Price of DIT (4) Market ME Price - Mixed Feedstock according to EPPO's B100 formula An average of the

Criteria Calculation Formula Transaction Size (%) 1. Net tangible asset (NTA) value NTA of the acquired business x the acquired portion/ NTA of the Company 1.30 2. Net profit from operating results Net

B7 Note : (1) Reference Price of EPPO (2) Conversion ratio: 0.865 Tons = 1,000 Liters (3) Reference Price of DIT (4) Market ME Price - Mixed Feedstock according to EPPO's B100 formula Sale Revenue

Price of DIT (4) Market ME Price - Mixed Feedstock according to EPPO's B100 formula An average of the 3Q/2019 crude palm oil price (CPO-DIT) was at 16.89 Baht/ kg, being less than 3Q/2018 by 3.35 Baht/kg

determined in accordance with the following formula: Sale Shares Price = Permata Book Value (as set out in the last financial statements published prior to the date of confirmation of satisfaction of all