., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 145/2562 November 11, 2019 Subject: Clarification of the Operating Result for the significant change Attention

, Lam Pang of the Electricity Generating Authority of Thailand (“EGAT”), with both venture partners having a 50% interest. As a result of the final receivership order issued by the Court, Saraburi is

of equipment or the project therefore delaying the operation and delivery of the project. As a result, the revenue recognition in Q1–2020 has also decreased. However, the revenue in Q1–2021 slightly

. - Other In the first quarter of 2017, other incomes were 399 million baht, showing an increase of 17 million baht or 4% from last year and represented 9% of total revenues. This was as a result of an

inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the concerns of users about future inflation. As a result, users were more cautious in their

amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

/DB) in 2018 averaged at 10.57 $/BBL, a decrease of 4.28 $/BBL when compared to 2017, due to pressure from decreased oil demand in China. A result of their economic slowdown, and a shrink in car sales

a large amount of cumulative loss in the past 3 years with the current ratio of only 0.12, which is a result of the large amount of current liabilities being due in one year, but also is at high

a result, the Company will not have any outstanding interest in the Pre-Debt to Equity Conversion Debt on the day that the shareholders’ meeting approves the Allocation and Offering of the Newly

appropriated At-Ze’s assets value by using Discounted Free Cash Flow Method-Free Cash Flows to Firm. Total value of consideration is same value as negotiation in between Seller and the Company upon the Share