activities, impacted business owners and will likely result in more layoffs and lower household income. The ongoing drought also affected the purchasing power of households in the agricultural sector

range target of 1-3% to be in line with the changes in financial conditions and structurally lower inflation stemming from 1) aging society 2) growth of e-Commerce and 3) technological advancement

lower than 50 percent in accordance with the Notification of the Capital Market Supervisory Board No. Tor Jor. 20/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal

transaction having a value of more than 15 percent but lower than 50 percent in accordance with the Notification of the Capital Market Supervisory Board No. Tor Jor. 20/2551, Re: Rules on Entering into Material

equal to 15 percent or more but lower than 50 percent, in accordance with the Notification on Acquisition or Disposal of Assets. Therefore, the Company is required to disclose the information memorandum

oil (CPKO) prices were lower than that of 3Q/2018. Under these circumstances the government has continuously maintained the biodiesel mandated at B7. Also, the government has promoted B20 and B10 as

1,057.62 Baht/ton from 1) the inclusive of steam revenue from SPP1 since March 2019 in which the tariff is relatively lower than other projects and 2) the lower of natural gas price of 5.1% y-on-y in Q1’2020

lower occupancy rate as a result of COVID-19 pandemic and economy slowdown impacted to overall Tourism and Hotel Business. Loss sharing from Investments In 1Q20, the Company had loss sharing from

’2020 to 1,057.34 THB/ton from 1) the lower of natural gas price which generally reflects our steam price and 2) the inclusive of steam revenue from BPAM since March 2019 in which the tariff is relatively

applying Net Operating Profit after tax deduction criteria and is considered a class 2 transaction under the Announcement of the Acquisition or Disposal, being 15 percent or higher but lower than 50 percent