the fuel cost with an effective allocation of power generation capacity to match the demands of each generation unit, and the costs of spare part management. 7.6 The Company will be able to accommodate

other juristic persons. The Company is thus required to calculate the cost of the acquisition of the shares of GLOW (the “Acquired Cost”) and is required to make a tender offer for the shares of GLOW at

@halcyon.co.th No. CS-2563/003 27 February 2020 Subject: Management Discussion and Analysis for the Year Ended December 31, 2019 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public

* Note Please find further information in the consolidated financial statements. 1 23 February, 2018 Subject: Management Discussion & Analysis (MD&A) for the year 2017 Attention: The President The

14 August 2019 Subject: Management Discussion and Analysis for the 6-Month Period Ended June 30, 2019 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public Company

14 November 2019 Subject: Management Discussion and Analysis for the 9-Month Period Ended September 30, 2019 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public

19 เมษายน 2539 1 (TRANSLATION) Tor. For. 6 / 2020 May 14, 2020 Subject: (1) Submission of the Financial Statements for Q1/2020 (2) The resolution to appoint the Company’s auditor (3) Management

and services to have outstanding quality, modern, standard, satisfaction and worth for the money of the consumers. Furthermore, the administration line of Customer Relationship Management is another

Thailand W www.wiik-hoeglund.com Million Baht 2017 (Audited) 2018 (Management statement)  Sales 7.58 14.24  Other income 0.00 2.64 Total income 7.58 16.88 Expenses  Cost of sales 6.68 12.32  Selling

guarantee future results. 3 years 5 years 10 years Since inception Fund Benchmarks Fund standard deviation Benchmark standard deviation Morningstar Fund Rating Investors can study liquidity risk management