Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

approach because this is the new project and under the construction. Therefore the cost approach is appropriate method to be applied because it consists of present land cost and construction expenses which

approach. The Company chooses to use the value measurement by cost approach because this is the new project and under the construction. Therefore the cost approach is appropriate method to be applied because

of book value and marker price method. The Company’s net tangible assets pursuant to the Company’s financial statement as of 30 June 2017 is Baht 6,796,960,000. The transaction of share purchase and

statements from cost method to equity method applying Thai Accounting Standard no.28 (TAS 28): Investments in Associates and Joint Ventures, 1 January 2020 retrospectively (full retrospective approach

of Appraisal : Cost Approach Date of Appraisal : March 14, 2018 5. Share holding percentage of the companyior Prior to investment : none After investment : 32.37 % of the total issued and paid up

per Share : Baht 706 per share (Par value is Baht 10, fully paid-up), based on income approach. 5. Total Value : Baht 70,597,882 6. Net Book Value : Baht 6,571,741 (financial statements as of 31 May

Book Value Approach Details of the assessment of fair value under each method are as follows: 1) Book Value Approach Valuation based on this approach will show the value of the land by reference to the

twenty- nine satang) per share or THB 198,959,983.42 (one hundred ninety-eight million nine hundred fifty-nine thousand nine hundred and eighty-three Baht and forty-two satang) in total; 2. 1,593,748

Adjusted Book Approach method (Book value as of December 31, 2017 is THB 213.55 million) which was appraised by Phet Siam Appraisal Company Limited, an independent appraiser approved by the Securities and