incineration plant project where it has not been notified if the approval will be granted. In addition, CWT could not submit to IFA any material agreements, such as joint venture agreement between Zero Waste
- (100%) (100%) 17 15 (12%) Total revenue from selling electricity 1,156 1,504 399 (73%) (65%) 3,981 3,609 (9%) Revenue from finance lease agreement 158 149 147 (1%) (7%) 483 448 (7%) Other revenue - - - n
• Acquiring Glow Energy Public Company Limited or GLOW as a significant step of GPSC On 20th June 2018, GPSC had signed the share purchase agreement with Engie Global Developments B.V. to purchase 69.11% shares
finance lease agreement also increased as a result of financial lease accounting (TFRIC 4) adjustment. • Gross profit of Small Power Producer (SPP) increased by THB 278 million corresponding to lower
recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement
representing 30.89 percent of the total voting rights of GLOW). On 20 June 2018, GPSC and Engie Global Developments B.V. (“Engie” or the “Seller”) entered into the Share Purchase Agreement (the “SPA”) to
Listed Companies Concerning the Connected Transactions, 2003 (as amended) (“Notification on Connected Transaction”) Moreover, in 2016 the Company had entered into the Loan Agreement dated 29 February 2016
, decreasing 1,242.06% compared to the same period last year due to discontinued of the Manufacturing and Distribution Agreement with PPG Coatings (Thailand) Co., Ltd has affected with long- term projects using
agreement to execute the transaction. After approval by the Company’s Board of Directors, with retroactive effect from 1 April 2017 until 11 May 2020. 2. Party and relationship. The Provincial Waterworks
share through Aeroklas Co., Ltd. (“ARK”)), had signed on share sale agreement to acquires with 100% of Flexiglass Challenge Pty. Ltd. (Flexiglass), from Fleetwood Corporation Limited (Fleetwood) at