Criteria used to determine asset selling price is referred to the appraisal of the following 3 independent appraisers: Name of Appraisal Company Method of Valuation Appraisal Value Date of Valuation 1

method based on the review of consolidated financial statements ended 30 June 2019. The Company had not entered into any other acquisition transaction during the past six http://www.navanakorn.co.th

0.03% based on consideration method. Upon the cumulative size with this transaction, the total transaction size is equal to 27.92% therefore the regarded transaction is within scope of Type 2. The

Profit of Operation Method , the maximum value is 2.65%. After combining acquisition and disposal of assets occurring in the 6 months period , the value is below 15%. Therefore, this transaction is not

B.E. 2546 (2003). 4.2 Basis for Determination of the Total Transaction Value: Value of assets 4.3 Payment Method: Payment shall be made in cash on the date of transfer of the land ownership. 5. Details

the Net Profit of Operation Method , the maximum value is 6.08%. This transaction is not applicable to the regulations of acquisition or disposal of assets by having significant value for listed

Replacement Cost method by jointly considered among HHC’s and WCIG’s Management. 8. Benefit Expected to Gain by the Company The Company expects such Franchise acquisition shall enable to generate income and

customer. (Translation) Page 2 of 3 Derivatives broker must send the confirmation statement and the evidence of margin call under the first paragraph to customers by the method agreed with the customers

of the Transaction The consideration value is determined from the discounted cash flow method, performed by company’s management, which is in-line with the investment policy of the Company. 8. Expected

Transaction is not exceeding THB 2,235.00 million or equivalent to 14.34% pursuant to the total value of consideration method. The Disposition of Assets Transaction size is less than 15.00%, so it is not