evaluated by the independent valuer, the Sims Property Consultant Co., Ltd., the independent valuer which is approved by the Securities and Exchange Commission, that it should be equal to Baht 2,616,000,000

the EEC. Three MOUs have already been signed for development of the aviation and logistics industry including MOU for aircraft maintenance center, MOU for air cargo development, and MOU for aviation and

was air cargo transportation was 73.18 million baht, an increase of 39.44%, with the increase in gross profit due to increased revenue. Revenue from Cross Border Service for the first nine months of

in the process. Major projects in progress such as the Project of the development for train tracking system and cargo management of the State Railway of Thailand, the GDCC Service Expansion (VM

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

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

1,699,998 shares in the amount of 348,567,548 Baht (average 205.04 Baht per share). The appraisal price of 347,490,000 Baht is the average price of the fair value evaluated by the financial advisor (who is