-2338-3000 Fax: 0-2338-3334 www.nationgroup.com 25 May 2020 Subject : Notification on Resolution of the Board of Directors’ Meeting No. 6/2020, Change of Directors and Directors’ Power, Entering into

from 25.2% to 44.7% due mainly to the fact that WHART solely used the debt funding from financial institution which is deemed lower cost of fund compared to the fund raised from investors to acquire the

paid of 810 million Baht, a decrease of 166 million Baht or 17% as compared to 2017. The decrease in finance cost was due to repayments in various of debt instruments as a result of capital increase

Costs In 2018, the Company had total interest paid of 810 million Baht, a decrease of 166 million Baht or 17% as compared to 2017. The decrease in finance cost was due to repayments in various of debt

31% as compared to the same period last year of 260 million Baht. This was due to continuous effort in debt repayment in forms of Bill of Exchange, debentures and financial institution loans. The

– Energy: The performance of the Energy business declined 25.37% YoY, mostely due to the lack of Associated Gas from PPP to produce C1 gas, resulting in Sao Thian power plant receiving less C1 gas to produce

income. The income base has been expanded to include rental property business as it is one way to efficiently manage the Company’s assets while purchasing power is decreasing as well as to reduce risks

concerning Selling of Newly Issued Debt Securities and Derivatives Warrants of Securities Issuers. Chapter 2 Power of the SEC Office ________________ Clause 12 In the case where it appears to the SEC Office a

an approval to issue and offer shares in such manner; (2) financial statements of a foreign business applying for issuance and offering of debt instruments in compliance with the following

year due to the Company entered the Tolling agreement with G Steel for producing of HRC to increase the normal capacity during off peak power usage commencing in 4th Quarter of 2017 till to present which