par value of preferred shares is 10 Indian Rupees per share 2.3. The management of the Company has appraised the share price of the Joint Venture Company by using the Discounted Cash Flow method (DCF

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

transaction is slightly lower than the appraised value assessed by those 2 independent appraisers which is considered beneficial to the company and considers it appropriate to purchase this land with building

the buyer and seller. In which the seller determines the selling price not lower than the book value or appraised value of an independent appraiser whichever is higher, plus Value Added Tax Total value

determines the selling price not lower than the book value or appraised value of an independent appraiser whichever is higher, plus Value Added Tax Total value of 21,968,086.63 (Book value 20,530,922.08 and

staff at the present time and in the future. The price of such land to be purchased is lower than the market price as appraised by an independent appraiser, namely, Fanix Appraisal Company Limited (an

at cost on acquisition date in March 2012, appraised by Modern Property Consultant Co., Ltd. who is independent appraiser approved by the SEC has determined the market price base on the way to compare

. The Board opinion The Board of Directors’ meeting No.11/2019 , held on December 27, 2019 had considered that such connected transaction was reasonable because the rental fee has been appraised by an

IFA opined that (1) APU share value is not reasonable as it is higher that the IFA?s appraised value at the maximum varied of 219.56 million baht; (2) the first purchase payment for acquisition of APU

transaction is slightly lower than the appraised value assessed by those 2 independent appraisers which is considered beneficial to the company. 10. Opinion of the Audit Committee and/or Directors on the