Financial Advisor to comment on fairness of the acquisition value. The agreed price is based on the appraisal of Bangkok Property Appraisal Company Limited on 27 October 2017 and Chartered Valuation and

Adjusted Book Approach method (Book value as of December 31, 2017 is THB 213.55 million) which was appraised by Phet Siam Appraisal Company Limited, an independent appraiser approved by the Securities and

used in Value Measurement The price negotiation between the buyer and seller is referred to the appraisal of Sasirachada Co., Ltd. which determines the project value by using the cost approach and income

17,080,583.92 baht Vat 1,195,640.87 baht. Valuer is Pornsiam Consultant and Service Co.,Ltd. Assets Valuer as of March 6, 2018. The appraisal price is 17,080,583.92 baht (exclude vat) Pornsiam Consultant and

of the Return Not exceeding 250 MB. 6. Value of the Asset Acquired Not exceeding 250 MB. 7. Criteria to Determine Value of the Return Calculation according to criteria for assets appraisal with

loss 6.4 million baht. The investment property value in financial statement was based on fair value from Income Approach which was apprised by Independent Appraiser. The Appraisal value is based on

value in financial statement was based on fair value from Income Approach which was apprised by Independent Appraiser. The Appraisal value is based on history occupancy rate, rental rate and operation

market value The market value assessed by an independent appraisal is THB 13.89 per share. The total market value is THB 30,560,000. As a consequence of that, the Company therefore considers the highest

past transactions of THB 14.09 per share and assessed by the Discounted Cash Flow Approach by an independent appraisal of THB 13.89 per share. The total market value is THB 30,560,000. In this regard

appraisal price. - Benefit : The Company will allocate the proceed from the land sale to repay the Company's loan to a financial institution and use it as working capital within the Company. This transaction