shares to the shareholders of the Company at the offering price of Baht 56 per share. As a result, the company has a total ordinary shares of 2,819,729,367 shares and have changed the paid-up capital to a

13 December 2019. On 31 December 2019, the company has hold a total of 1,460,360,024 shares of GLOW or 99.83% of the total issued shares of GLOW. For 2019, the net profit of the company was at Baht

Group • After the acquisition, the company equity capacity increased by 2,771 MW aggregating to a total of 4,986 MW • In addition, the synergies created has enhanced the innovation in the power business

acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full

M 713 M 640 M 5,687 M 4,692 M 3,720 M Intangible Assets 144 M 1 M 1 M 3 M 4 M 743 M 749 M Total Liabilities 35,131 M 98 M 120 M 184 M 2,251 M 1,335 M 1,919 M Total Shareholder’s Equity 18,696 M 638 M

financing cost at the end of 2019 stood at 2.91% Net debt to equity ratio stood at 0.37x Capital Structure As of December 31, 2019, the Company reported total interest-bearing debt of THB 33,210 mn, an

accounted for 7.4 percent and 7.9 percent of total expenses respectively. The significant increase of administrative expenses was loss from equity linked swap transaction. However, this quarter, the company

liabilities 5,495 47.5% 4,097 41.1% 34.1% Equity attrtibutable to owners of the Company 4,971 43.0% 4,824 48.3% 3.0% Non-controlling interests 1,107 9.6% 1,057 10.6% 4.7% Total shareholders' equity 6,078 52.5

% 3.3% Total non-current liabilities 4,583 32.2% 3,560 30.8% 28.7% Total liabilities 8,332 58.5% 5,495 47.5% 51.6% Equity attrtibutable to owners of the Company 4,726 33.2% 4,971 43.0% -4.9% Non

% 1,369 11.8% 2.5% Total non-current liabilities 3,407 24.7% 3,561 30.8% -4.3% Total liabilities 7,578 55.0% 5,495 47.5% 37.9% Equity attrtibutable to owners of the Company 4,866 35.3% 4,971 43.0% -2.1% Non