Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9 years, which is the duration according to lease agreement of 3 years with

”), the independent valuer, to verify financial status and evaluate the assets of Hero Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been

. (the “Sims”), the independent valuer, to verify financial status and evaluate the assets of Hero Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has

. The Company appointed the Sims Property Consultant Co., Ltd. (the “Sims”), the independent valuer, to verify financial status and evaluate the assets of Hero Experience. Sims based its evaluation on the

agreement between the Company and NRED with reference to the evaluation of asset of Origin Sphere by an independent valuation firm under the Joint Venture Agreement and the Share Purchase Agreement. In this

and Baht 322,580,000, respectively. The independent appraiser chose to use the value appraisal method, namely, market approach, as appropriate to characteristics of the assets since the assets are

Commission) at Baht 281,497,500 and Baht 322,580,000, respectively. The independent appraiser chose to use the value appraisal method, namely, market approach, as appropriate to characteristics of the assets

the Purchaser and the Company, together with the business valuation. The value of consideration takes into account the appraisal of the shares of the business by different approaches, i.e. book value

is depended on the agreed price together with the appraisal value which has been made by the independent valuators certified by the Securities and Exchange Commission. 8. Benefits expected by the

consolidated financial statements of the Company as of 31 March 2017). Details of the calculation are summarized below. Evaluation Criteria 1. Comparison of Net Tangible Assets Net tangible assets of SGAH x