Building Confidence in the Capital Market No. 115/2017 SEC notifies PACE to clarify the fair value measurement of its investment Bangkok, 16 November 2017 – The SEC has notified Pace Development
already verified the seller’s qualification and found no connected relationship or any interest with the Company. (3) General Characteristics of the Transaction : The value of the transaction, calculated
estimated on the recoverable amount of value in use, determined by discounted future cash flows, the terminal growth rate and discounted rate used in the assumptions are based on their management’s judgment
projection, basing on the rental fee specified by the Ministry of Finance. 0.6 By cash (Payment annually throughout the term of the Agreement) Total Value of the Transaction Approximately USD 770.08 38.2 1 The
total value of consideration criterion which granted the highest result, referenced from the consolidated audited financial statement of the Company ended March 31, 2019. After the computation of the
shares with a par value of THB 10 per share, equivalent to 60 percent of the total shares of GSG (the “Sale Shares”), from 3 existing shareholders, i.e. (1) Proud To Do Company Limited, (2) Miss Penjun
than 49,260,075 shares with a par value of PHP 100 or equivalent to THB 69.57 (according to the exchange rate at PHP/Baht = 0.6957 pursuant to the announcement of the Bank of Thailand on March 31, 2017
equivalent to 99.99 of the total sold shares held by NMG. The above transactions (“Komchadluek Business and Trademark Acquisition”), having a total value of 70.00 million Baht, is considered an acquisition of
projection, including returns to shareholders in the future. The value of the share price of WPS in proportion to shareholding ratio of 84.50 percent derived from such approach is between Baht 367.53 million
Notifications”). The transaction size is 1.29 percent as calculated based on the total value of consideration criterion which granted the highest result, referenced from the consolidated audited financial