value). The size of this connected transaction compared with the value of net tangible assets of CPN and its subsidiaries under CPN’s latest audited consolidated financial statements on 31 March 2018, of

: Market Approach Appraisal Value: THB 119,300,000 4. General Characteristics and Details of the Connected Transaction The Company and ESTATE mutually agreed to cancel the leasehold rights on land rented by

staff at the present time and in the future. The price of such land to be purchased is lower than the market price as appraised by an independent appraiser, namely, Fanix Appraisal Company Limited (an

Province and expected to open in 2021. With the value of land and buildings Assessed by the valuation method in the amount of 762,160,000 baht (according to the appraisal report of Sasirachada Company

, and must organize a good internal control system for the custody of client’s assets. Such system must at https://publish.sec.or.th/nrs/2831pe.doc Translation calculating net asset value of fund or

good internal control system for the custody of client’s assets. Such system must at https://publish.sec.or.th/nrs/2831pe.doc Translation calculating net asset value of fund or securities-clearing (back

September 30, 2019. Land was appraised with the appraisal value of Baht 237.60 million by Tobtavee Appraisal and Services Co., Ltd., an independent appraiser engaged by the Company, as per their appraisal

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

area of 182-3-90 rai, value according to the appraisal value by Altima Appraisal Company Limited, which is an asset appraisal company approved by the SEC Office of Baht 415.45 million, guaranteeing such

seller is referred to the appraisal of Sasirachada Co., Ltd. which determines the project value by using the cost approach and income approach. The Company chooses to use the value measurement by cost