Significant Events Source of Fund and Deleveraging Plan for Future Growth Comparing 1H/2019 vs 1H/20181H The gross profit of the company during 1H/2019 increased by Baht 5,038 million from 1H/2018 mainly due to
& ANALYSIS (MD&A) Q4 2019 and FY2019 Executive Summary Q4/2019 Significant Events Financial activities during GLOW acquisition In order to acquire shares of Glow Energy Public Company Limited (“GLOW”), the
higher rainfall than the previous quarter, and the lower solar panel installation projects. PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Executive Summary Q3/2019 Significant Events Comparing 9M
applicant shall not have any of the following characteristics: (a) having a record of contravening a regulation or condition related to securities offering in a significant matter; (b) having been rejected by
future events, which are, by their nature, subject to significant risks and uncertainties. These forward-looking statements reflect our current views with respect to future events and are not a guarantee
contains “forward-looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. These forward-looking statements reflect our current views with
this project. The Company has proposed solutions and discovered important issues. The Meeting of the Board of Directors No. 2/2018 of the Company resolved significant matters regarding the operation of
Shareholders’ equities (Baht million) 6,514.37 6,514.37 Net Debt to Equity (times) 0.32 0.73 10. Conditions Precedent Significant conditions precedent as per the Agreements are: 1. Completion of the
debt less cash and cash equivalents (Baht million) 2,087.69 4,729.19 Shareholders’ equities (Baht million) 6,514.37 6,514.37 Net Debt to Equity (times) 0.32 0.73 10. Conditions Precedent Significant
carried by significant capital investments including future development of new facilities; exchange rate and interest rate fluctuations; pending environmental lawsuits; changes in laws and regulations