% of the total units. Transfer the right of ownership and revenue will be recognized within 2017 (Within 31 May 2017) * The project value at completion was appraised by Sasirachada Co.,Ltd

master franchise agreement under various brands including GRAM Pancakes and PABLO Cheesetart, 202,966 shares at par value of Baht 100 per share. After the acquisition, the Company will hold 99.99% shares

is considered an acquisition of assets with a transaction size according to the total value of consideration criteria of 27.402%, having the type 2 transactions (transaction size having a value equal

. Consequently, MERCURIA shall pay the total share transfer consideration to the Company in an amount of Baht 900,000. 7. Criteria used in calculating the value of Net Tangible Assets The criteria used in

The Company will enter into the transaction by accepting the transfer of business from Best Alternative Energy Co.,Ltd. ("BEST"), which holds 1,071,818 shares of GS, for 216.40 million baht or 21.87

is less than the net asset value of the acquisition of shares at the acquisition date. The Company is still considering the gain from the acquisition of the business resulting from the difference

the transfer of equity in the Target Company from the Seller to the Purchaser. The repayment of the loan is with a value of not exceeding USD 100 million or not exceeding Baht 3,164 million1. The total

purchase agreement with the Company. And the Company will complete the transfer of ownership of the shares within September 2019. Enclosure 3.2 Calculation of transaction value The calculation under the

. 2547 (2004) dated 29 October 2004 (the “Notification of Acquisition or Disposal of Assets”) The transaction value is 10.34 percent of the Company’s total assets from the audited consolidated financial

. (Originally, SPI’s payment at the amount according to the value of 1 or 2 land plots which will be registered for land ownership transfer within December 2019.) „ 3rd installment : Payment of the 2 land plots