between the Company and debenture creditors, compared with the market value of Machines that appraised by Rich Appraisal Co., Ltd. the appraiser who is approved by the SEC, with an assessment for public
available within the end of second quarter of 2018. The investment will benefit the Company and its shareholders. Even though it is higher than the value of assets appraised by the Financial Advisor, it is
Megawatts and 175 Tons per hour, respectively. The ERU project has a total value of not exceeding USD 757 million (The value was appraised by technical advisor, where construction cost and other expenses
in Asia” from SKYTRAX World Airline Awards 2017. These awards were evaluated based on the world’s largest airline passenger satisfaction survey, taken by travelers from around the world every year. 4
potential growth of the Company’s business in the future. Additionally, the offer price which has been 9 evaluated by the Company’s financial advisor via several valuation methodology in accordance with
acquisition date. And lastly, the Company has evaluated fair value of identifiable assets and liabilities as at the acquisition - Translation - Page 10 of 11 date. Difference between the fair value of net
Best Regional Airline” and “Best Regional Airline in Asia” from SKYTRAX World Airline Awards 2017. These awards were evaluated based on the world’s largest airline passenger satisfaction survey, taken by
the investment policy of the mutual fund; (b) performance of the mutual fund evaluated by the standards of the association or the SEC Office, as the case may be; 18 (3) In case where the mutual fund has
participates in or who might otherwise have an effect on a credit rating action with respect to an entity or obligation should not be compensated or evaluated on the basis of the amount of revenue that the CRA