opinion to the SEC, the SET, and the shareholders of the Company. In this regard, the net tangible assets (NTA) of the Company based on the consolidated financial statements of the Company as at March 31
consolidated financial statements ended September 30, 2018. Such size of the transaction is lower than 15 percent of the total value of assets and is deemed to be a connected transaction. Therefore, the total
the Company’s assets under the consolidated financial statements ended September 30, 2018. Such size of the transaction is lower than 15 percent of the total value of assets and is deemed to be a
foreign laws and regulations that such entity registered; (3) the financial statements of the foreign entity and its consolidated financial statements for the most recent accounting year and the financial
assets or services, whose transaction size calculated from the maximum value of the transaction is 35.22 percent of net tangible assets of the Company, based on the consolidated financial statement of the
Discussion and Analysis Change in Capital Structure Total assets increased 15.5% from Baht 76,047 million as of December 31, 2016 to Baht 87,834 million as of September 30, 2017, primarily due to an increase
(million shares) 2,607 2,607 2,607 2,607 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Change in Capital Structure • Total assets increased 12.8% from Baht 89,241 million as of