of Capital Flow The Company will use its excess cash flow for this acquisition and still have adequate working capital for its ongoing operations. 8. Opinion of the Board of Directors on the

details relating to the Transaction to the Stock Exchange of Thailand (SET) 7. Financial Source and Adequacy of Capital Flow The Company will use its excess cash flow for this acquisition and still have

million baht. Additionally, as of September 30th, 2017, the Company had debt to equity ratio (D/E ratio) at 0.36 times. Cash Flow According to the consolidated financial statement as of September 30th, 2017

% from higher retained earnings. Cash Flow In 1H18, AIS generated Bt31,193mn of operating cash flow (after- tax) . Cash CAPEX to expand 4G and fixed broadband capacities was Bt11,265mn, or 16% of service

was due to the changes in the Labor Protection Act This was one-time expense in the Income Statement, but no impact to Cash Flow due to its non-cash item. Compared to last year, the Company recognized

par value of preferred shares is 10 Indian Rupees per share 2.3. The management of the Company has appraised the share price of the Joint Venture Company by using the Discounted Cash Flow method (DCF

which valued by Discounted Cash Flow method. Benefits Expected to be obtained by the Company 1. The Company acquire new share of FD from current shareholder equaled to 51 percent of the registered and

112 million baht, resulting in the book value per share of the company at 17.62 and the debt to equity ratio (D / E ratio) at 0.24. Cash Flow As of June 30, 2020, the Company had net cash generated from

description : A grant of financial assistance to connected party by investing in its debentures. (5) Purpose of transaction : To utilize the company’s available cash flow aimed at generating better return

from the Company’s profit 45.6 MB and profit from operation 92.8 MB of this year.  Cash Flow Based on the results for Q3/2019, the company’s cash flow is as follows: - Net cash flows from operating