independent valuer, to verify financial status and evaluate the assets of Hero Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9

2018 due to slowdown in Thailand economy. Meanwhile, imports of Hot Rolled Steel increased by 2% to 4.04 MT due to strengthening of THB and the effect of termination of enforcement of Safeguard Measure

manner of price-dumping and unfair trade and finally will lead to the enforcement of Anti-Dumping or Safeguard measures. The world steel production capacity utilization ratio of the 67 countries in

thousand tons, decreased by 117 thousand tons or 31% YoY which affected from final resolution by the Trade Interests and Remedies Committee to get no extension of the safeguard measures for imported hot

of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling

, the Company engaged an independent financial advisory to evaluate the fair value measurement of the investments by using income approach method and discounted cash flow to present value. As a result

million. Q4/2018, the Company and its subsidiary had independent specialist to evaluate and reclassified employee benefit payables as well as recognised actuarial loss Baht 0.44 million deductible deferred

business plan which is reasonable and beneficial to both the Company and its shareholders.The company had no independent appraiser to evaluate the land price but compared price with land on nearby location

the Company’ s business plan which is reasonable and beneficial to both the Company and its shareholders.The company had no independent appraiser to evaluate the land price but compared price with land

financial advisory firm to re-evaluate the fair value of such investments with the use of the income-based approach and the discounted cash flow and Black-Scholes option pricing model. Based on the selection