Permata from Standard Chartered, Astra, and all other shareholders who would accept the tender offer (the “Transaction"). According to the CSPA, following the resolution of the general meeting of
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
into the adoption of Low Sulphur Fuel Oil as the fuel source for shipping vessels following the mandate of the IMO which will begin enforcement in 2020. Nevertheless, from the volatility of global crude
million or 21% from 1H/2018 mainly due to recognition of GLOW’s performance following the acquisition of GLOW. Executive Summary Q2/2019 Operating Highlights On the 14th March 2019, Global Power Synergy
stock policy toward subsidiary. • Increasing in bank OD and short-term loan of 252M THB is a result of stock policy adjustment. Please be informed accordingly. Sincerely yours, - Signature – (Mr. Somkiat
business. 3 The Board of Directors’ opinion toward the transaction : The Board of Directors’ meeting considered that this transaction is reasonable and for the benefit of the company and its shareholders
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