. The main reasons were as follows:- 5.2.1 The Company received dividends from associates and joint ventures in the total amount of Baht 2,203.90 million. 5.2.2 RATCH-Australia Corporation Pty Ltd, a

profit of THB 814.8 million and the interim dividends received from the Subsidiaries at the amount of THB 490.0 million, which were approved from the Subsidiaries’ Board of Directors in July 2019. The

Income from Loans to GHECO-One and Dividends Received from Investments in Glow IPP. Revenue from Sales and Services In 2Q2018, Revenue from Sales and Services was Baht 423.5 million, a 4.4% increased from

September 9, 2018, resolved to approve that the Company adjust the exercise ratio and the exercise price under the said Warrants to be in line with the payment of stock dividends to the existing shareholders

Company had invested in the MRT Pink Line Project and the MRT Yellow Line Project in the total amount of Baht 860 Million. 5.2.3 The Company received dividends from associates and joint ventures in the

1,158.9 million, driven by total dividends paid to shareholders of THB 2,808.9 million, net payment of short-term borrowing from financial institutions of THB 633.5 million, and offset by proceeds from

stock dividends to the existing shareholders of the Company whereby the exercise ratio was adjusted to be 1 unit of the Warrant for 1.5 newly issued ordinary shares of the Company (1:1.5 ratio) and the

-One and Dividends Received from Investments in Glow IPP. 5 Revenue Levelization adjustments under TFRS 15 of GHECO-One 6 Normalized Profit for 2018 is adjusted with Write Off tax and Adjustments of

& accounting standards in 2020 by 1.25 Million, total comprehensive loss for the period of -2.63 Million and 3rd party dividends paid- out of a subsidiaries by 48.00 million baht. The equity of the company and

. 4.2.4 The Company received dividends from associates and joint ventures in the total amount of THB 746.40 million. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30