Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018
acquisition of assets in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/ 2551 re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of
resolutions passed by Board of Directors Special Meeting No. 2/2018, convened on 19 June 2018. In such meeting, the following material matters were considered and approved: 1. The Board of Directors approved
there is no material adverse effect to the Transaction. 2. NEXT has revised the objectives of the company to cover its business operations of NEXT, including the issuance of share certificates and the
completed and there is no material adverse effect to the Transaction. 2. NEXT has revised the objectives of the company to cover its business operations of NEXT, including the issuance of share certificates
at 13.00 p.m., took place at the Meeting Room No.1, 14th Floor, TP&T Building, number 1, Vibhavadi Rangsit 19 Alley, Chompol Subdistrict, Chatuchak District, Bangkok, the material matters resolved in
production after TAM, and KSL Green Innovatioin Plc. recorded an increase in total sales. However, ethanol business gross profit was affected by the raw material cost, such as the rising molasses price and
Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2017 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 3 2. Risk