Our Ref : No.V 003 /2020 February 28,2020 Subject : Explanation for operation of the year 2019 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

business operation after the offering. Furthermore, the SEC has proposed a revision to the timeline for submitting financial statements for the six-month period and the annual financial statements of the

listed companies during the crisis and mitigate potential impacts on business operation. The two accounting guidelines approved by APSC on 16 April 2020 are: (1) the Temporary Relief Measures for

Regulation regarding Measures in Case of Events that May Affect the Listed Companies’ Financial Condition and Business Operation B.E. 2561 (2018), effective since 2 June 2018.**Regulation of the Stock Exchange

. Discussions also covered guidelines on improving rules and regulations and enhancing operation to reduce costs and facilitate business operations for stakeholders in the capital market to enable them to

income from business operation due to the high interest rate of 14-15 percent per year according to the loan contract. Such facts caused the GL financial statements to be in contravention of Section 56 of

, the shareholding structure of any group of investors and major shareholders, business operation, fundraising objective, and risk factors. This is to ensure that investors would receive material and

, 2006, the SEC filed a criminal complaint with the Department of Special Investigation against the above 4 persons. The principals were 3 ex-POWER-P executives responsible for the company operation

thoroughly to the investing public; thereby limiting chances for a certain person or group of persons to exploit it as a channel for seeking benefit or intervening the fund?s operation. The SEC will therefore

PERIOD OF THREE MONTHS ENDED SEPTEMBER 30, 2017 1. Analysis of operation results for the third quarter of 2017 in comparison with those for the same quarter of 2016 (from the consolidated financial