systems and purchasing discount (economy of scale). • The company has preliminary valuation of GPSC and GLOW synergy that will occur during the year 2019-2024, with the EBITDA expected to gradually increase

valuation methodology assuming the construction has completed by estimating the business operation (revenue and expense) of the Company in the next 10 years and used the discounted cash flow method by

the CIS Operator, Trustee/Fund Supervisor, and Requirements relating to Approval, Valuation, and Operational Matters of Appendix C: Standards of Qualifying CIS of the Memorandum of Understanding on

receiving of shares in SUTG at 66.00 per cent the valuation can be summarized as per below: Equity Value SUTG (THB mn) Discounted Cash Flow Price-to-Earning per share 700 1,118 As shown above, the discounted

Entire Business Transfer Plan. In this regards, the receiving of shares in SUTG at 66.00 per cent the valuation can be summarized as per below: Equity Value SUTG (THB mn) Discounted Cash Flow Price-to

appraised price adjusted by any acquisition or disposal of infrastructure assets (if any) and amortization of the infrastructure asset (if any) occurred after the latest appraisal. If the payment for the

provided the collection and assessment of customer information (Know Your Customer / Customer Due Diligence) (KYC/CDD) systems for Satang to operate its business in accordance with relevant laws, regulations

the current year, the Company arranged for a new economic valuation by engaging another independent appraiser, and found that the fair value had decreased. The Company therefore recorded loss resulting

total 44.96 million Bath, inventory in amount 85.09 million Baht, and has increased the valuation adjustment of the available for sale of investment in amount 100.97 million Baht, decreased investment in

Baht ,decreased trade account receivables, receivables from related companies increased total 66.88 million Bath and inventory increased in amount 135.77 million Baht, the valuation adjustment of the