(“SPA”) between OKEA and Shell. And OKEA and Shell has entered into the SPA agreement on 20 June 2018. 2. Relevant contract parties (a) Binding Term Sheet in relation to OKEA AS: The Company signed with
28.21 million. The Company had already recognized doubtful debt for this amount in full. 3.4 Details of Share of profit (loss) from investments in associates and joint ventures are as follows: Name
EBITDA as well as increased share of profit from joint ventures and lower finance costs. • Total assets as of 31 December 2019 stood at THB 53,531mn, decreasing by 0.8% or THB 429mn from 31 December 2018
= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of
construction works. Under this method, the revenue recognised is based on the latest estimate of the total value of the contract and actual completion rate determined by reference to the physical state of
507mn o Advertising revenue decreased by 56.8% YoY to THB 179mn. o System integration services revenue decreased by 1.5% YoY to THB 328mn. Recorded a share of loss from investment in joint ventures and
design, work suspension or delay due to change in construction design Many projects are gradually completed. Concurrently, many new projects that have been signed into contract or about to be signed which
signed into contract or about to be signed which will allow the Company to begin to recognize revenue. 3.2 Revenue from real estate development business has decreased when compared to 2019, by Baht 403.82
construction design. Many projects are gradually completed. Concurrently, many new projects that have been signed into contract or about to be signed which will allow the Company to begin to recognize revenue
fund and private fund management fee from Solaris Asset Management Company Limited (“Solaris”) decreased. The Company recognized share of loss from associated companies under equity method of Baht 5.02