, study into value-accretive merger and acquisition (M&A) opportunities, as well as apply efficient cost management to its businesses. Furthermore, the Company is currently preparing to lease assets to CPN

and dispose of hazardous waste through high temperature power plant(s) as well as to generate and sell electricity. ART is currently in the process of conducting a feasibility study regarding this plan

approximately 1 year. The scope of service of S Hotels may include: 3 1) Project management and feasibility study 2) Design & Construction 3) Financing arrangement 4) Financial planning and financial operations 5

working capital for the payment of the share acquisition. 9) Opinion of the Board of Directors on the transaction The Board of Directors has considered and conducted study on acquiring of UWT and deemed

companies. In addition, to expand collection business in CLMV region, the Company started operation in Cambodia and plan to study to set up the collection business in Vietnam in 2018. Please be informed

potential business which will enhance return and synergy with group of companies. In addition, to expand collection business in CLMV region, the Company started operation in Cambodia and plan to study to set

, 2019 was Baht 101.59 million increased by 61.2% from the same period of previous year amounted Baht 63.01 million. The increase in expense was mainly from feasibility study of new projects which will

support business expansion and traveling and other expenses related to the study and development of renewable energy project overseas. However, unrealized loss from exchange rate incurred from an equipment

Interest Rate: EIR) to calculate the income that the Management Discussion and Analysis (MD&A) 2019 Page 6/6 Company can recognize in each period. The Company was on the period of evaluation the impact on

documented information security policy which addresses at least the following matters: (1) policy on the use of cloud computing which covers the methods for selection and evaluation of cloud providers, review