of the composition prior to bankruptcy and the meeting of the creditor unanimously resolved that the receiver is required to report to the Court in order to sentence the debtor as the bankrupt

repayment to the receiver as the 1 st creditor. The debtor stated the refusal of the composition prior to bankruptcy and the meeting of the creditor unanimously resolved that the receiver is required to

¥—ß°≈à“«‰¥â (2) §≥–°√√¡°“√¡’«‘∏’°“√∑”ß“π (process) ∑’Ë¡’ ª√– ‘∑∏‘¿“æ ·≈– (3) °√√¡°“√·µà≈–§π®–µâÕ߇¢â“„®∫∑∫“∑Àπâ“∑’Ë ·≈– ∑”Àπâ“∑’Ë¢Õßµπ (practice) Õ¬à“߇µÁ¡∑’˥⫬ ‚¥¬∑ÿ°§π¡’‡ªÑ“À¡“¬ √à«¡°—π §◊Õ °“√ √â“ß

has obtained licenses that relate with reservoir construction and water supply distribution as required by law, expected to obtail all relavant licenses within second quarter of 2018 (4) GS and HYDRO

)   - หน้า 5 -    (3) GS has obtained licenses that relate with reservoir construction and water supply distribution as required by law, expected to obtail all relavant licenses within second quarter of 2018

, the information provided in this MD&A may vary if any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this

assets. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is

in process of Tubma reservoir project. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long

company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. 3) Shareholder’s

-14 Fax 66-2-5170529 5. Other revenues in the current year decreased approximately 1 million Baht compared to the previous year because the Company required more spaces for operating business activities