E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors,...

uncertainty of the funding attained. Meanwhile, the supporting bank is still considering the loan for the company and the capital raised from rights offering depends on the right exercising of the existing

recognition according to TFRS 15 will be realized once the business has accomplished its obligations. Therefore, the Company restated its financial statement as of the 1st January, 2019, with effect of the

value of the associate and joint venture 10.76 -0.87 11.63 N.A. 2 already accomplished the commencement of commercial operation for the 1st phase 50MW from totaling 220 MW. 2. Cost of goods sold and

accomplished multiple goals simultaneously; for instance, intermediaries and the exchanges? fundamentals remained sound and solid and thus strengthened their resilience to volatility. On progress of sustainable

plant, Myanmar that has already accomplished the construction for the 1st phase 50MW from totaling 220 MW since the end of June. For the 2nd quarter, the Company realized the profit from the biomass power

personnel cost. The performance is expected to gradually increase going forward. 5 In July 2018 NCL SINGAPORE, which is a subsidiary company, has accomplished the following: 1. Incorporating Qingdao National

plant, Myanmar that has already accomplished the construction for the 1st phase 50MW from totaling 220 MW since the end of June. For the 3rd quarter, the Company realized the profit from the biomass power

shareholders will be made on 18 May 2020. However, the Company’s legal reserve had already attained the amount of 10 percent of the registered capital. Thus, there is no need to provide any additional legal

Will create a good image for the company, by being able to contract with the government. 9. Conditions for approval The subsidiary company will only invest in the project once it has attained approval