of entire business transfer is considered as an acquisition of assets under the Notification of the Capital Market Supervision Board No.TorJor. 20/2551 Re: Rules for Significant Transactions

lower than 50 percent in accordance with the Notification of the Capital Market Supervisory Board No. Tor Jor. 20/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal

approval for him as capital market business personnel for four years, starting from 29 January 2021. As a result, he is also banned from holding the positions of director and executive of capital market

Wang Lee Global Market Co., Ltd. Wang Lee Global Market Co., Ltd. operated derivatives broker businesses in Thailand without proper licenses granted. Such action was deemed a violation of Section 343

information memorandum. Under the Notification of the Capital Market Supervisory Board no.Thor Chor. 32/2551 Re: Offering of newly issued securities to directors or employees (as amended), the Company’s meeting

Notification of the Capital Market Supervision Board No. 21/2551 RE Rules on Connected Transactions and the Notification of the Stock Exchange of Thailand re Disclosure of Information and Practice of Listed

been a completion of COD of 4 SPPs since the fourth quarter of last year i.e. Bowin Clean Energy performed in the fourth quarter of 2016, Gulf VTP achieved on schedule the second quarter of 2017, Gulf

maintenance. Moreover, there has also been a completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation to 511 MW. Such impact from

Management Discussion and Analysis 3Q18 and 9M18 P a g e | 2 On 18 September 2018, the Company has taken full control interest in LVM Holdings Pte Ltd which market and manage 220 luxury villas / vacation

market competition, and the renovation of Dusit Laguna Phuket and Dusit Thani Pattaya. • Revenue from the overseas hotel declined by 4.2%, compared to 2016, primarily due to the renovation of Dusit Thani