the financial advisor (FA) to evaluate fair value of IGEN- ENEERGY as of 10 April 2019. FA has decided to use the Discounted Cash Flow Approach (DCF) to determine the value of consideration for the

the Asset Acquisition Agreement. The Board of Directors has considered such price reasonable in comparison with the expected benefits in the future, based on the Discounted Cash Flow and the Precedent

barrels per day during late Q1/2019. However, crude oil price was supported by the production reduction of the OPEC group and their associates; combined OPEC production reduced by than 2 million barrels per

real estate developers. MK had several housing projects close to closing and prices were discounted to buyers. All of the factors that mentioned in the above caused MK’s gross profit margin in this

past transactions of THB 14.09 per share and assessed by the Discounted Cash Flow Approach by an independent appraisal of THB 13.89 per share. The total market value is THB 30,560,000. In this regard

of the Transaction The consideration value is determined from the discounted cash flow method, performed by company’s management, which is in-line with the investment policy of the Company. 8. Expected

บริษัทพิจารณาแล้วเห็นว่าเป็นราคาทีเหมาะสมเมอืเทียบกบัผลตอบแทนทีคาดว่าจะได้รับ ในอนาคตซงึพิจารณาจากวิธีการประเมนิโดยวธีิคิดลดกระแสเงินสด (Discounted Cash Flow) และวิธีเปรียบเทียบ อตัราส่วนมลูค่าของธุรกิจที

discounted pricing and other promotions to attract customers for increase in market share. (2) Pastry and bakery industry have a lot of new players each year result from low barriers to entry due to low start

• Total asset price is amounted to Baht 11,908,000,000. 6. Criteria for determining the investment value • Determined by using the discounted cash flow approach. 7. Expected benefits • CPN expects to have

price is discounted from the market price)     2. Agenda of the meeting : request for approval of each director / staff 3. the shareholders' resolution: three-fourths of the total voting rights + not more