reduction proposal. Administrative expenses The administrative expenses increased by 97.6% from the six months ended of year 2019 to THB 1,012.8 million for the six months ended of year 2020. The increase of

. By the latest rulings, the Ombudsman’s Office has issued the decision asking ERC to review the consideration of the proposal to sell electricity and compensate the damage to the two subsidiaries both

. Therefore, the Company must seek approval for the issuance and offering of the newly issued preferred shares from the SEC prior to such offering to BBL. (b) Issue and offer 472,239,839,180 newly issued

under the Credit Agreement since the provision of loans under the said Credit Agreement is subject to various conditions precedent as provided in 6), e.g. the Company must obtain approval from its Board

Thailand (“SET”) and shall require the approval from the shareholders’ meeting of the Company, along with the appointment of an Independent Financial Advisor (“IFA”) for entering into such Transaction and

entire business transfer by a public company pursuant to Section 107 of the Public Limited Companies Act B.E. 2535 (1992) (as amended). Therefore, the Company is required to seek approval from a

. While waiting for the court approval of the rehabilitation plan, in order to generate liquidity and has continual production as well as increase sale volume of GJ Steel since the market demand of hot

rehabilitation plan on 26 February 2018. While waiting for the court approval of the rehabilitation plan, in order to generate liquidity and has continual production as well as increase sale volume of GJ Steel

were part of a certain number of assets to be disposed, which received shareholders’ approval at the EGM held on 4 January 2018 MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U CITY PCL 2018 MD&A (for

a bidding process. The Company shall complete such disposal within a period of no more than six months after it is granted the relevant approval by the shareholders meeting. The Company shall invite