., 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

repayment Baht 149.50 million. b. The Company recognized the employee benefits obligation - net at amount of Baht 8.69 million. Shareholders’ equity As at 31 December 2018, the shareholders’ equity of the

market value and will gain benefits for the Company. Opinion of the Audit Committee and/or directors which are different from the opinion of the Board of Directors None of the Company’s audit committee or

Company to enter into the acquisition of TBSP’s shares as the board views that the purchase price of the acquired shares is lower than the market value and will gain benefits for the Company. Opinion of the

and find a purpose the best benefits of us. The rental rates unchanged. This makes the expense of the same. Please be acknowledged for your information Yours Sincerely (Mr.Wanthana Jaroennawarat

/ Company Tax ID : 0107545000021 Liabilities under finance lease agreements, net of current portion 8.62 - - Provision for loan-term employee benefits 6.60 9.41 14.54 Total non-current liabilities 32.18 40.88

not have any outstanding debt with the Company and the Company does not have any ongoing guarantee for Mo Chit Land. 7) Background and rationale to dispose the subsidiary, and benefits of consideration

16.96 31.47 21.20 Liabilities under finance lease agreements, net of current portion 8.62 - - Provision for loan-term employee benefits 6.60 9.41 14.54 Total non-current liabilities 32.18 40.88 35.74

liabilities Long-term loans 16.96 31.47 21.20 Liabilities under finance lease agreements, net of current portion 8.62 - - Provision for loan-term employee benefits 6.60 9.41 14.54 Total non-current liabilities

goods. To prepare and delivery of finished goods for overseas exporting. Hence, this commitment is reasonable and find a purpose the best benefits of us. Rental rates determined by the market value