to Baht 380 million and recognised gain from sales on equity method of Baht 175 million. Reversal of Allowance for Doubtful Accounts In the 3rd quarter of 2019, the Company and its subsidiaries

transactions by the highest value based on total considerations method is approximately 6.22% 2. According to the resolution of the board of director meeting of Carabao Group Public Company Limited (the “Company

. 2547 (2004) ("Acquisition and Disposal of Assets Notifications") has the highest value of 13.66% based on the consideration method and after including the acquisition of assets and investment

currency method has put into practice for both accounting and tax purposes where the Company’s primary operation resides. The Board also approved and authorized the Chairman or a designee by the Chairman to

-year power purchase agreement with the Republic of Indonesia’s electricity authority, PT PLN (PERSERO). The Project is expected to commence commercial operation in 2021. Management Discussion and

commenced the operation on September 1, 2019. Significant Developments On September 1, 2019, two hotels as part of the Project Crossroads Phase 1 in the Emboodhoo Lagoon in the Republic of Maldives including

decreased from Q2–2019. This is because several projects in Q2–2020 were affected by the ongoing outbreak of COVID–19, forcing many customers to adjust their working method which have an effect on the

agreements; 3) Trademark/Service Mark under the name “Kitchen Plus”; 5. Total Value of Consideration 5.1 Total Value of Consideration and Valuation Method for the Determination of the Value of Consideration

from investors, the management company shall: (1) Arrange to have a work system ensuring allocation of duties and responsibilities to the respective work units; supervision of its operation; risk

operation; risk management; selection and monitoring of its personnel assuring that they have and maintain such qualifications that correspond to the nature of their duties; measures to prevent improper