1. How to get the industry multiplier?

2. How to find the company value through the Earning Based valuation? ( For example: The company earning is 300million)

EXHIBIT 9: KEY FINANCIAL DATA OF POTENTIAL PEERS Company Book Debt Cash EBITDA Revenue Pavillon Holdings Japan Foods Holding Sakae Old Chang Kee Neo Group BreadTalk Group Katrina Group ABR Holdings LifeBrandz Dairy Farm Intl Soup Restaurant Tung Lok Group Priceab (SG$) $0.05 $0.44 $0.35 $0.86 $0.59 $1.30 $0.21 $0.80 $0.06 $12.67 $0.20 $0.11 Shares Outstanding 387.75 174.44 142.00 121.38 145.91 281.89 231.52 201.00 194.02 1,352.46 298.50 274.40 $0.00 $0.00 $48.70 $7.40 $72.90 $192.50 $0.00 $0.00 $0.00 $964.60 $0.00 $3.28 $11.64 $19.02 $11.40 $16.30 $10.50 $112.50 $11.37 $79.90 $0.02 $323.80 $7.62 $14.02 Earnings per Share $0.0015 $0.0268 -$0.0819 $0.0151 $0.0023 $0.0306 $0.0112 $0.0380 -$0.0449 $0.4329 $0.0035 $0.0022 -$0.39 $10.03 -$0.82 $8.61 $13.90 $70.71 $10.69 $9.00 -$1.12 $864.76 $2.66 $4.78 $11.94 $68.08 $87.45 $80.36 $194.28 $616.75 $55.87 $102.51 $0.73 $15,025.07 $38.35 $86.06 Equity Beta 0.280 0.500 -0.070 0.780 0.720 1.410 0.7590 0.060 1.320 1.070 0.180 1.450