% after the 22nd May 2019. Consequently, on the 19th June 2019, the Board of Directors has passed the resolution of approving the delisting of GLOW’s from being the listed securities on the Stock Exchange
cost similar to cost of convertible bond and nominated in Thai Baht which alleviate risk from exchange rate. Nevertheless, net gearing ratio stood at 0.97, slightly increased from 0.77x as of 31 December
beginning of this year, the Company had gain on exchange rate while the Thai Baht value appreciated against US Dollar and the Company had loss on exchange rate in last year As a result of above reason, the
mainly came from unrealized exchange rate of receivable under finance lease of Natural Gas Power Plant. At the end of the first quarter, Thai Baht is depreciated compared to exchange rate as of end of 2019
and partially from realized on exchange from payment for machine and spare parts for the under-developed projects to foreign suppliers. During the fourth quarter of 2023, Thai Baht was appreciated
machine and spare parts for the under-developed projects to foreign suppliers. During the second quarter of 2024, Thai Baht was depreciated compared to exchange rate of the first quarter of 2024 and end of
suppliers. During the third quarter of 2024, Thai Baht was appreciated compared to exchange rate of the second quarter of 2024 and end of 2023, then the Group has loss on exchange rate for the third quarter
natural gas power plant and partially from realized on exchange from payment for machine and spare parts for the under-developed projects to foreign suppliers. During the second quarter of 2023, Thai Baht
from realized gain on exchange from payment for machine and spare parts for the under-developed projects to foreign suppliers. During the period of third quarter of 2022, Thai Baht was depreciated
natural gas power plant and partially from realized on exchange from payment for machine and spare parts for the under-developed projects to foreign suppliers. During the third quarter of 2023, Thai Baht