Business Operation of GLOW3 GLOW is one of the largest private electricity generators and providers of industrial utilities in Thailand by operating Independent Power Producers (IPP) and cogeneration
operating Independent Power Producers (IPP) and cogeneration facilities, most of which also operate as Small Power Producers (SPP) under Thailand’s SPP program. Glow’s core business is to produce and supply
negative, therefore, cannot calculate the value of this investment payment transaction according to the net tangible asset (NTA) criteria. 2 / The Company has a net loss in the operating period for the six
shareholders. (Translation) 6 7. Source of Fund: Cash flows from the Company’s operating activities 8. Opinions of the Board of Directors on Agreement for Execution of the Transaction The Board of Directors
having the voting rights, excluding the votes of interested shareholders. 7. Source of Fund: Cash flows from the Company’s operating activities 8. Opinions of the Board of Directors on Agreement for
votes of interested shareholders. 7. Source of Fund: Cash flows from the Company’s operating activities 8. Opinions of the Board of Directors on Agreement for Execution of the Transaction The Board of
the net tangible asset (NTA) criteria. 2 / The Company has a net loss in the operating period for the six-month period ended June 30, 2019 and therefore cannot calculate the value of this investment
prescribed by the Notification of the Capital Market Supervisory Board concerning Outsourcing Operational Function relating to Business Operation to a Third Party; “member” means any member of a securities