liabilities decreased by 29.2 MB, representing a decrease of 21.8%, mainly due to the decrease of sale tax and withholding taxes in December 2020 and it has already delivered in January 2021. Contract

in withholding tax that occurred in December 2023 that those was remitted in January 2024 and a decrease in revenue payables from VAT remittance in June 2024 compared to December 2023. Liabilities

company 2. Net after-tax profit criterion = Net after-tax profit of the company which will purchase shares x 100 / Net after-tax profit of the purchasing company 3. Total value of consideration criterion

has relevant licenses as follow. (Reference from Legal and tax audit report dated January 15, 2018 by SCL tax Consultants Company Limited as a legal advisor ) 1) Relevant licenses of GS 1. Notification

Thalang, Phuket is made with HYDRO, but GS will be the management of this Project. On January 15, 2018, GS and HYDRO has relevant licenses as follow. (Reference from Legal and tax audit report dated January

Company has repaid some debentures in the first quarter of 2018 3. Decrease in other non-current liabilities of THB 103.1 mm, mainly due to the decrease of deferred withholding tax and deferred VAT

from THB 24.6 Mn to THB 3.7 Mn respectively, a decrease of THB 20.9 Mn or 85.0%. This was due to the repayment of loans from commercial banks following the initial public offering. Tax Expenses For the

(70) (84) 20% (271) (329) 21% Administrative expenses (34) (39) 15% (140) (162) 16% Profit before income tax expenses 61 62 2% 180 293 63% Tax expenses (12) (12) 0% (33) (56) 70% Net Profit for the

operating assets and liabilities ( ) 2 Cash flows from operating activities Interest received - Cash paid for Withholding income tax (20) (2 ) Cash receipt from Withholding income tax 16 1 Net cash flows from

% 275.3 263.4 4.5% EBITDA 489.0 496.1 585.4 (1.4%) (16.5%) 1,074.5 1,137.5 (5.5%) EBITDA Margin 55.6% 56.3% 61.6% 58.7% 60.7% Finance cost (38.6) (42.1) (39.1) (8.3%) (1.3%) (77.7) (62.1) 25.1% Income tax