Capital Market Supervisory Board No. Tor Jor. 20/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Notification of the Board of Governors of the

/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of

HRC Average Selling Price (Bht./Ton) 18,108 15,709 HRC Cash Margin (Bht./Ton) 1,223 1,334 Unit: million Baht 3rd Quarter 2017 Year-end 2016 Fin an ce S ta tu s Total Assets 31,907 32,615 Total

Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the

been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company Limited and should not be relied upon as the definitive and official document of the Tender Offeror. The

Concerning the Acquisition and Disposition of Assets, 2004 (“Notification Re: Acquisition or Disposition”). When it has calculated according to various bases by using the highest value calculated from any of

Notification of the Board of Governors of The Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (“Notification

cost as the company had purchased raw water from private source as well as the rising of depreciation and amortization by 8.49 million Baht from the amortized assets under concession agreements. Major

debt repayment time Day 96 131 63 5. Average goods selling time Day 859 495 258 6. Fixed asset turnover ratio Time 0.56 0.53 0.52 7. Total assets turnover ratio Time 0.09 0.10 0.12 8. Debt to equity

explained the changes in the below table. Assets Items which has significant changes Annual Balance Changes 2018 2017 2018 VS 2017 (MB) (MB) % Trade Account Receivables 1,500.2 2,297.0 (796.8) (34.7