2017. HSMC expects that the company shall generate the internal rate of return at least of 10%. The tariff received shall be based on the treated water quality. 6. Value of Assets Acquired HSMC shall

, after BCPG Plc. acquired 100% share of the projects in September 2019 and February 2020, respectively. 5. Recorded an increase in shares of profit from investments in associated companies from the same

cost of one project affecting a reduction of income of Baht 20.51 million and also the estimation of penalty charge of two projects expected to be delayed affecting a reduction of income of Baht 5.47

Q2/2020. Main reasons were delay to start work of new projects and award schedule was delayed by pandamic issue such as Engineering work in their headquater have been delayed. Additional, main

to control the epidemic situation of COVID–19, causing many customers to change the method of work. As a result, the operation and delivery of the Company's projects were delayed more than usual. In Q2

. Analysis of Overall Operating Results for the Company and its subsidiary 1.1 Important circumstance during the year In April 2018, the Company acquired 800,000 ordinary shares of Aesthetic Zecret (AT-ZE

derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project officially opening on 1 September 2019. 9M19 Net profit at THB 702m, or 33% decline YoY

gross profit margin in the second quarter of 2017 was 59.8%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level

B.E. 2546. 3. General Characteristic of the Transactions and Details of the Acquired Assets 3.1 General Characteristic of the Transaction The Subsidiary shall purchase entire Leyland’s ordinary shares

: Calculation Bases Calculation Formula 1. Net Tangible Assets (NTA) = (Sum of percentage of shares to be acquired x Net value of the assets of the selling company) x 100 / Net asset value of the buying company