= (Value of the ordinary shares to be paid / Net asset value of the Buyer) x 100 4. Value of Securities issued by the Company as consideration for the assets acquired = No. of shares issued in consideration

and paid-up ordinary shares deducted by the number of treasury share GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation & Amortization, EBIT = Earnings before Interest & Tax, NP

. Total Value of Consideration = (Value of the ordinary shares to be paid / Net asset value of the Buyer) x 100 4. Value of Securities issued by the Company as consideration for the assets acquired = No. of

Baht 890.83 million within 60 days from the date of service termination. However, Spring26 has not completely paid the fourth installment of license fee according to the Notification of Office of the

THB (863)mn, being compensated by non-cash reconciling items of THB 1,167mn and changes in net working capital of THB (76)mn. After deducting cash paid for interest expenses of THB (314)mn and cash paid

net cash from operating activities of THB 455mn. Net cash used in investing activities was THB 2,035mn, mainly from cash paid for 1) cash paid for purchase of investment in Hello Bangkok LED of THB

-cash reconciling items of THB 2,488mn and changes in net working capital of THB (196)mn. After deducting cash paid for interest expenses of THB (478)mn and cash paid for corporate income tax of THB (47

) Finance Costs The Company had finance costs for year 2019 in amount of 5.0 million Baht compared with same period last year 8.7 million Baht, decreased 3.7 million Baht or 42.5%. Since the company paid all

capital that has not been paid for the amount 18,960,157 shares at the par of 0.25, which was caused by UREKA-W1 warrant. Agenda 11 Approve the increase in registered capital. Opinion of the Board of

shares of Navanakorn Electric Company Limited (name changed to RATCH Cogeneration Company Limited) at 99.97 percent, from the existing shareholders. On October 1, 2019, the Company paid for the shares in