still in downturn mainly from the shrink of export and import sectors which were negatively impacted by an economic slowdown of the trading partner countries with a significant drop in domestic

Economic Ownership 48.0% SCOD 31 December 2019 PEA PPA 4.0 MW / 20 years % Progress 86.64% Progress on track B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis ABBREVIATION COD

tools. Moreover, the current economic circumstances have not positively encouraged the operation as anticipated. At present, Blue Finix has been facing financial liquidity problem. In the Annual General

growing number of travelers was stimulated by declining airfares and global economic recovery (Source: International Air Transport Association). For the second quarter of 2017, the number of international

and economic interest in Hero Experience. 8. Criteria to determine the value of consideration The Company appointed the Sims Property Consultant Co., Ltd. (the “Sims”), the independent valuer, to verify

, representing 32.5 percent of the registered capital of Hero Experience. - 32.5 percent rights to dividend payment from the business operation. - 32.5 percent voting rights. - 32.5 percent ownership and economic

2616 - 37.5 percent ownership and economic interest in Hero Experience. 8. Criteria to determine the value of consideration The Company appointed the Sims Property Consultant Co., Ltd. (the “Sims”), the

plan. Sponsorship fees for international football clubs are amortized in straight-line in relation to payment terms and economic benefits the Group shall receive under the contract terms including

เอง ซึ่งนำปัจจัย Leading Economic Indicators (LEIs) และ Global Risk Appetite Cycle Indicators (GRACI) มาใช้ในการตัดสินใจน้ำหนักการลงทุน โดยกองทุนนี้ มีกระบวนการลงทุนซึ่งได้รับการสนับสนุนจากผู้จัดการ

ทางเศรษฐศาสตร (risks and economic benefits) ของการลงทุนแตละรายการเปนสําคัญโดยไม คํานึงวาการลงทุนเหลานั้นจะอยูในรูปแบบใดทางกฎหมาย (legal form) เชน index options และ derivative warrants ในเบื้องต