before. The Company had reviewed the situation and consequently adjusted premium rates or stopped selling insurance policies with excessive risks. Moreover we intend to increase the volume of insurance

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

’ qualified opinions resulted from limitation on their scope of audit/review. Hence, the auditors were unable to obtain sufficient and appropriate audit evidence with respect to valuation of investment in PT

insurance policies with excessive risk. Moreover we intend to increase the volume of insurance policies with acceptable risk. 2. Net investment revenues, gains on investments and fair value losses totally

Buri Province, area 57,0,84 rais Valuation Method for Selling Price : Mutually agreed market price Selling Value : 38,800,000.00 Baht or 678,200.00 Baht/rai Book Value : 70,370,000.00 Baht or

Operating Revenue consists of Raw Water Sales, Industrial Water Sales, and Wastewater Treatment Services. 2 Other Utilities Revenue consists of Excessive Charge and Service Fees for Wastewater Management 3

, Amphur Kabin Buri, Prachin Buri Province, area 57,0,84 rais Valuation Method for Selling Price : Mutually agreed market price Selling Value : 38,800,000.00 Baht or 678,200.00 Baht/rai Book Value

local and international customers. • Utilities income decreased by 4.5%, standing at THB 534.0 mm, mainly from lower excessive charge. However, if excluding the revenue from excessive charge, utilities

( Is a capital market valuation and major appraiser approved by the Securities and Exchange Commission.) . The assessors use the market valuation Approaches to Asset Characteristics Asset Valuation (Both

Utilities Business consists of Excessive Charge for additional Utilities demand and Service Fees for Wastewater Management. 3 Gross Profit from Operation excludes Other Income from Utilities Business. 4 Other