, 2017. However, the said right is uncertain and depends on the resolutions of the Extraordinary General Meeting of Shareholders No. 1/2017. In the case that there are newly issued ordinary shares

register book on September 8, 2017. However, the said right is uncertain and depends on the resolutions of the Extraordinary General Meeting of Shareholders No. 1/2017. In the case that there are newly

kept its growth momentum from the previous quarter. However, it did not clearly show evidence of a broad-based recovery. Private investment, in particular, remained uncertain, pending greater clarity in

section is to reserve for debt repayment and/or use as capital to conduct business and expand investment in the future. However, the time to receive capital remains uncertain. This is subject to the

repayment and/or use as capital to conduct business and expand investment in the future. However, the time to receive capital remains uncertain. This is subject to the exercise of the warrants to purchase the

Risk Management During the first quarter of 2018, the Thai economy saw an uneven recovery amid limited growth in consumption, weak farm income and risks from uncertain trade policies and protectionist

assumption is material because of the subjectivity and judgment required to account for highly uncertain matters, as well as whether the estimate or assumption will have a material impact on financial

GW, increased by 5.2% due to uncertain weather condition as Thailand entered the summer season earlier than previous year at the ending of February until the middle of May 2019. The industrial sector

and sustainability. • Natural gas prices continuously decreased in the second half of 2019 and has a slight downward trend in 2020. However, variou s situations remain uncertain, making it challenging

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...