value. Such subscription is made to the whole issue offered by CVHLUX, including both CHHK’s portion and ICSG’s because ICSG acting in capacity of an eligible shareholder has expressed its intention not

subscription to which CVHLUX issues for sales. Such subscription is made to the whole issue offered by CVHLUX, including both CHHK’s portion and ICSG’s because ICSG acting in capacity of an eligible shareholder

Company Calculation of Transaction Value according to the 4 basis under Notifications on Acquisition or Disposal No Basis for Calculation Formula Transaction Size 1. NTA Basis Divested Portion (90%) x NTA

apply fair allocation principle to offer for sale of securities to such person; (b) an offer for sale of securities in which a portion of securities to be offered to the person under (a) 2., 3., 4., or 5

principle to offer for sale of securities to such person; (b) an offer for sale of securities in which a portion of securities to be offered to the person under (a) 2., 3., 4., or 5. is clearly separated from

being offered and that it is not necessary to apply fair allocation principle to offer for sale of securities to such person; (b) an offer for sale of securities in which a portion of securities to be

increased 25% from 4Q18 whereas non- current liability decreased 19% from 4Q18. A major movement is a result of 900MHz spectrum license payable. With the extended term of payment, a portion of payment

and the offer made to such person is not required to comply with the fair allocation principle; (b) an offer for sale of securities in which a portion of securities to be offered to the person under (a

to comply with the fair allocation principle; (b) an offer for sale of securities in which a portion of securities to be offered to the person under (a) 2., 3., 4., or 5. is clearly separated from

acquired portion / NTA of the listed company 1.94 2. Net profit from operating results Net profit of the acquired company x the acquired portion / net profit of the listed company 0.83 3. Total value of