price is determined on the fair value of land appraised by an independent appraiser approved by the Office of the Securities and Exchange Commission (SEC) to appraise land and property, which in
Limited, which is an independent appraiser approved by the Office of the Securities and Exchange Commission (SEC) to appraise land and property, which in accordance with the market price and higher than the
record high depreciation cost in full which did not correspond to such low utilization of production and machinery. The Company engaged independent engineering expert to inspect and appraise the assets and
does not constitute an implicit or explicit investment advice. The information provided herein is general in nature and does not constitute an advertisement of financial products in Switzerland pursuant
appraisa t appropriate iscount not praiser, and he asset app Value Ap Financia and/o Appraise 3 65 5 2 1,3 s in subsidiari nately in acco s, not include the f 30 Septembe will require the ny. ed on average
reappraisal basis, if the businesses can reliably appraise the fair value. Under the reappraisal basis, such reappraisal shall be made with a sufficient frequency to ensure that the book value does not differ
performance, discussing with property manager to appraise and seeking solution for problem solving; (2) REIT manager shall give opinion whether or not and how property manager operates under budget plan or
underlying asset(s) in which they invest – as discussed above. One aim of internal governance structures and the Principles in this respect is to minimise the frictional costs implicit in the investment chain
Remark 1 Collateral value before depreciation according to the BOT criteria, calculated based on the appraised prince in accordance with the latest resolution of the committee on the appraise price