made by Indorama Ventures Public Company Limited (“IVL”) on 9th November, 2017 regarding the acquisition of the PTA assets of Artlant PTA S.A. and the adjacent utility assets of Artelia Ambiente, S.A. in
shareholders at June 30th, 2019 book value of 1.85 Million Baht. Which altered the company’s share from 49% to 100% by paying 0.94 Million Baht which counted as small transaction size. The Company has paid for
over this renovation period. As of 3Q 2018, U City’s office building portfolio was essentially fully occupied on a blended basis. Please note that the methodology for calculating NFA has been altered for
has also signed a definitive asset purchase agreement to acquire the adjacent utility assets of Artelia Ambiente, S.A. Portugal which has a capacity of 40 MW of electricity plus steam, demineralized
the present time and in the future, due to such land’s location adjacent to the Head Office of the Company; and for this reason, the Company then absolutely needed to purchase such land. In addition
follows: 1. Approved the purchase of vacant land of 24 – 2 – 24.6 rai, which is the plot of land adjacent to the Company's current plot of land, totaling Baht 85.97 million or equivalent to Baht 3.5 million
maintained. CW Tower is high potential location for business and has comparable rental fees with buildings within the adjacent area. Therefore, the transaction is considered appropriate and is beneficial to
consideration value is from negotiation and agreement between the Parties by using the rental rate equal to the contract that leases adjacent areas and close to the rental rate in Bangpoo Industrial Estate area
increase in number of staff at the present time and in the future, as such land is adjacent to the location of the Head Office of the Company. For this reason, the Company then absolutely needs to purchase
neighborhood, which is adjacent to the current office, not to mention the unavailability of sufficient space in other nearby office buildings. Furthermore, the characteristics of the building also serves to