yearly contracts. Also, the Company is controlling and improving the rate of loss from production process. However, the determined policy and controlling the rate of loss cannot eliminate all the risks

that had a planned maintenance. Moreover, there have also been a completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation

new products continuously. As well, the Company also aims to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of

Warrants. The Company is also not required to arrange a meeting of shareholders because there is no issuance of newly issued shares by the Company to Clause 1.6.1 of the terms and Conditions Governing the

high profit margin and also from effective marketing policy. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase

material (CPO) and biodiesel’s stocks by trying to maintain inventories turnover rate between 30 – 45 days, enough for the production and delivery in each month under quarterly and yearly contracts. Also

continued to grow the sales contribution in 9M18 by 158.9% YoY. Also, M-Presso (NPD launched in February 2018) contributed to the Beverages sales this year. Hence, if combined with sales contribution of C

continuously. As well, the Company also aims to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of business. The Company

Holders of the Warrants. The Company is also not required to arrange a meeting of shareholders because there is no issuance of newly issued shares by the Company to Clause 1.6.1 of the terms and Conditions

and many companies are also interested in investing in the land development. Therefore, SPI together with many companies have invested in establishing SCT as the company to develop the above land