”) is the joint venture that the Company holds 33.37%. Currently, the project has commenced the operation of biomass gasification power plant of 7.5 MW of Prize of Wood Green Energy Co., Ltd. (PWGE). SAFE
renewed in every 3 months. And because the staffs of warehouse operation have to administrate the document and to manage the finished goods in the rental warehouse, it is a necessity to rent a warehouse
its subsidiaries had net property, plant and equipment, intangible assets, and assets not used in operation amounting to 9,962 MTHB or decreasing by 1,279 MTHB comparing to 11,241 MTHB at the end of
summary as follows: Summary of the company’s operation result The operation result for the 1st half of the year 2019, revenue from sale has increased from the same period of last year by 14.2% and having
the operation of biomass gasification power plant of 7.5 MW of Prize of Wood Green Energy Co., Ltd. (PWGE). SAFE invests 99.99% in PWGE, 49% in Bina Puri Power (Thailand) Co., Ltd., and 100% in SAFE
of Baht 1 million was described as followed: 1. SAFE Energy Holdings Company Limited (“SAFE”) is the joint venture that the Company holds 33.37%. Currently, the project has commenced the operation of
of THB 28.6 million whereas the Company’s tax expense was THB 10.2 million. Therefore, the consolidated tax was net income for the amount of THB 18.46 million. Operation : Consolidated Profit & Loss
used in the operation for export sales, has changed by decreased only 0.3% from sales per USD of the same period in the prior year. The main reason for sales in Thai Baht dropped was from the exchange
order to complete the project and achieve Commercial Operation Date by June 30, 2019. Payment By 4 milestone payment 1) Milestone 1 = USD 2,400,000 Decision on investment policy Interconnection FS
Company and PF. 3. General characteristics of the transaction The Company will enter into the loan agreement with PF for using such loan as the working 2 capital and operation of the Company’s businesses in