(5.0) Current investments 865 2 50,825.8 Trade and other receivables 11,162 9,739 14.6 Inventories 9,719 8,963 8.4 Investments in associated companies 423 464 (9.0) Consolidation goodwill 431 418 3.2

79,500,000.- (including interest that the company will receive from investment in the said debentures) Above transaction came under the scope of connected transactions for listed companies as specified in The

Connected Transactions and the Notification of the Board of Governors of the Stock Exchange of Thailand entitled Disclosure of Information and Other Acts of Listed Companies Concerning the Connected

(Thailand) Public Company Limited (“Company”), hereby report the resolutions passed the connected transactions with the related companies (Details as attachment) at the meeting of the Board of Directors No.09

Company”) would like to submit the Management Discussion and Analysis for the year ended 31st December 2019 as follows: Construction and servic revernue In 2019, the group of companies had construction and

42.07% respectively. It could be seen that gross margin of the Group of Companies does not change significantly as it has policy to maintain and to sustain appropriate range of gross margin for real

the group companies totaled 53.03 million baht, a decrease of 14.65 million baht or 21.65 percent with the key details as follows 2.1 Renewable energy costs amounted to 14.98 million baht, a decrease of

million baht. 2. Cost of goods sold and services of the group companies totaled 69 .77 million baht, decreased by 30.91 million baht or 30.70 percent with details as follows: 2.1 The cost of ceiling fan’s

value unless such exceeding ratio does not occur from additional loans. The calculation for the ratio in the first paragraph shall also include the debt and equity of all subsidiary companies of

derived from the trading transactions through securities companies which are members of the Stock Exchange, regardless of whether such trading is for clients’ accounts or proprietary account, deducted by