which evaluated by company management. 8. The Benefits Expected to be Received by the Company Since the company manufactures paints for industrial use, most of the company's products are sold to

decreased by 0.09 million baht. Salary and welfare decreased by 2.80 million baht, the impact from the estimation of employee benefits increased by 4.97 million baht. Total cost decreased by 1.83 million baht

from higher sales volume in CNF incoterm. Administrative expenses increased 75.53 percent from the same period of last year, due to higher bonus estimation and higher expense from 2nd production line

to the estimation according to the policy. Please be informed accordingly. Miss Kanoknart Ratanasuwanachart Board of Director Authorized Persons to Disclose Information

transaction price of THB 924.90 million is within the appropriate price range as evaluated using the Adjusted Book Value Approach, which is equivalent to THB 912.57 – 937.23 million (Details of the IFA’s

diagram as well; (2) What is the estimate of return in various situations and the possible highest loss? In this regard, such estimation shall employ reasonable assumptions and be prepared with due care; (3

and all other services) and warehouse rental conform to fair market rate evaluated on 17 May 2019 - according to The Valuation & Consultants Company Limited. - 2 - 4. The total value of the

Baht from the same period last year which is estimated from unpaid debtor. Such estimation are based on the Company’s regulations related accounting policy. 4. Financial expense amount of 42.47 million

that the auditor could not reach a conclusion on the valuation report of PACE’s equity investments in Pace One and Pace Three, conducted by an independent financial advisor, regarding the estimation of

warehouse is set from the market price - evaluated by The Valuation & Consultants Company Limited. Assessor The Valuation & Consultants Company Limited Method of Valuation Market Comparison Approach 6