lease payment of Singha Complex. Major Developments in 2017 • Approved in the EGM 1/2016, in 1H17 the Company acquired 60% stake in NVD, previously called Daii Group Plc. (‘DAII”), through the following
Thailand 1. Analysis of Overall Operating Results for the Company and its subsidiary 1.1 Important circumstance during the year In April 2018, the Company acquired 800,000 ordinary shares of Aesthetic Zecret
expected to enhance MACO’s media management’s capabilities under our digitalisation strategy both in Thailand and overseas. Moreover, MACO has acquired the remaining shares of Multi Sign, taking our stake to
calculation of transaction value 1. NTA = Not used because the acquired asset is real estate 2. Net profit = Not used because the acquired asset is real estate 3. Total Value of = Total Project value / Total
the Board of Directors to certify the above transaction. Calculation of transaction sizes based on comparative criteria Criteria Calculation Value (percent) 1. Net asset value NTA assets to be acquired
end of this year. On the costs side stone variable cost were largely in line with expectations, together with the acquired Thai Marble Corp., Ltd. quarry resource will be utilized and benefit overall
businesses also enabled the Company improve its ability to capture a wider portion of the earnings value chain. These strategies have led to IVL becoming a global industry leader not just in terms of market
land with notice of offer to purchase”) at the price of THB 924.90 million. Whereas the Company desires to sell the land with notice of offer to purchase in order to use the acquired cash to develop its
safety and personal hygiene. In 2017, IVL completed the acquisition of Glanzstoff which is Europe’s largest manufacturer of tire cord fabrics and sin- gle-end cords. The Company also acquired DuraFiber in