%. A decrease in the peak demand was mainly influenced by the lower temperature than previous year and the success of implementing energy saving programs, which had pushed down the power consumption
trading partners including the US, Europe, and China, whose rate of economic growth, while lower than in previous years, is now expected to exceed previous forecasts. At the same time, the pace of public
affected company's results of operations include (i) coal price and gas price that continued to drop further from previous quarter resulting in lower costs of sales and (ii) COVID-19 pandemic. Based on our
performance of the Company, causing significantly higher loss from the past. Currently, the Company has limitation in submitting an application for the bank to issue a letter of guarantee, which affects to
be limitation on the liabilities of the trustee in case of failure to perform such duties; (b) the trustee has to supervise a REIT manager or any other assigned person as prescribed in sub clause (g
insurance company under the law on life insurance; and (4) a financial institutions established under a specific law. Clause 4.7 Without the limitation or restriction to the power of the Board of directors of
the limitation of dividend payment. 10. Opinion of the Company’s Board of Directors Concerning the Transaction The Board of Directors unanimously approved the transaction due to its consideration and
digital channels, net fees and service income were close to the level of the previous year due to good growth in fee income from bancassurance and mutual funds. The ratio of expenses to operating income was