3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

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resolved to approve the acquisition of up to 40% shares of total paid-up capital in TSE Overseas Group Company Limited (“TSEO”) which is a subsidiary with 100% shareholding by Thai Solar Energy Public

transaction by acquiring shares in Thai British Security Printing Public Company Limited (“TBSP”) from Miss Sutida Mongkolsuthree (the “Seller”). Details of the transaction are presented as follows: Transaction

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E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a