construction progress was 89.29 percent. In this regard, upon completion of such construction, XPCL will sell 95 percent of all volume of produced electricity to Thailand pursuant to the Power Purchase Agreement
PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao PDR which offset with the construction
FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao
income in the future. 8.2 The Company anticipates that the project will expand and increase its business opportunities, as well as enhance its competitiveness. 8.3 After the completion of the projects, the
preference shares (par value of THB 10 per share) of Origin Grand, which is equivalent to 47.37 percent of the total shares of Origin Grand after the completion of capital increase in Origin Grand. Transaction
Acquisition of Shares in Hero Experience Subsequent to the completion of the Subscription of Newly Issued Shares, the Company will acquire 67,106 ordinary shares in Hero Experience from Travel Channel Agency
price of Baht 324,999,779.28 will be from working capital of the Company. 11. Conditions precedent to completion of the transactions Conditions precedent in Share Acquisition Transaction with Hero
million in Q1’2019) and 32.3% q-o-q (Baht 161 million in Q4’2018 to Baht 109 million in Q1’2019) primarily due to a record of construction revenue which is recognized based on the percentage of completion
280,000,000 will be from working capital of the Company. 11. Conditions precedent to completion of the transactions Conditions precedent in Share Acquisition Transaction with Hero Experience will be in
primarily due to a record of construction revenue which is recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely Nam Che according to TFRIC 12 – Concession Agreement