collection history, aging profile of outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit

prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial statements 30 June 2019

outstanding debts and the prevailing economic condition. Management believes that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial

. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial statements 30 September 2019 31 December 2018

- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2020 of the Company and the

from renewable energy sources i.e., by installing solar energy systems at base stations nationwide. • Improve network energy efficiency. • Promote efficient water use and water recycling. • Properly

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of Capital Flow The Company will use its excess cash flow for this acquisition and still have adequate working capital for its ongoing operations. 8. Opinion of the Board of Directors on the

adequate working capital for its ongoing operations. 8. Opinion of the Board of Directors on the Transaction The Board of Directors’ Meeting No.3/2017 held on 24 August 2017 considered the Transaction as