than 15% but lower than 50, the Company therefore is obligated to disclose the information to the SET and deliver the information letter to all shareholders within 21 days from the date the Company

GLOW’s Shares PAGE 4 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 Executive Summary On 1 March 2019, the company was selected by the International Business Magazine, which is a leading business and

Ratio (Times) N/A N/A N/A Cash Basis (Times) 1.48 1.48 1.11 Dividend paid (%) * - 99.90 99.90 Per-Share Data and Growth Rate of All Types of Business 2016 2015 2014 Per-share Data Book Value per share

Management Discussion & Analysis 2022 1 I 9 Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoY Amount

the successful pilot project, ABP3, completed in January which enhanced the performance of gas turbine [to lower the heat rate of the power plant, shorten the maintenance period (or add operating days

sale of convertible bonds at lower market price” means an offer for sale of newly issued convertible bonds of which the offered price combined with the exercise price is within the scope of an offering

information 3.1 Nature of business operations The Company has been providing Out of Home media (“OOH media”) as the leading media advertising company. The Company has effectively connected brands and product’s

3rd party products for distribution are lower and gross profit margins for each of 3rd party products for distribution are typically varied as the normal business terms and conditions of trading

(2,105.08 square wah) located at located at Rop Wiang, Mueang, Chiang Rai. 5 Objective of the transaction : The Company has a plan to do the potential growth business especially health and aging society

and production processes, modification and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per 5 unit and also improvement of feedstock procurement