deep by such dilemmas. Tourism industry has reported a dramatic decline of tourist arrivals and the rise of hotel booking cancellation during high season. The Company’s management has primarily evaluated

obtained from negotiations between the Company and the Seller, the fair value of which had been evaluated by Capital Advantage Company Limited (“CapAd” or the “Financial Advisor”), which valued ART and AWM

shares in the proportion of 30.00 percent of the total issued shares of UWM were the value obtained from negotiations between the Company and the Seller, the fair value of which had been evaluated by

fair value of which had been evaluated by Capital Advantage Company Limited (“CapAd” or the “Financial Advisor”), which valued ART and AWM at Baht 493.37 million and Baht 148.01 million based on a 30

(excluded VAT). The details are as follows: Details (Unit : Million Baht) Fair value of the right to sell the advertising time during the broadcasting of 254.79 Golf European Tour Program evaluated by a

Index Furniture Center - Tha Phra Branch Due to the expiration of the lease agreement of Index Furniture Center - Tha Phra branch, the Company has thoroughly evaluated the worth of the investment and then

hundred fifty-one million two hundred thousand Baht) and can be evaluated as the maximum size of 36.72 percent according to the total consideration approach (using the CEN’s review consolidated financial

represent the actual risk. 1. The personnel’s performance evaluation In some instances, the evaluator adjusts the scores that were self-evaluated by the personnel without documenting adequate explanation

transaction price of THB 924.90 million is within the appropriate price range as evaluated using the Adjusted Book Value Approach, which is equivalent to THB 912.57 – 937.23 million (Details of the IFA’s

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