cost such as marketing expenses considering unfavorable market conditions, significant decline in revenue, only a marginal decrease in some type of fixed cost such as land rental fee and depreciation

value measured from net assets acquired in proportionate holding on GLOW’s shares PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Operating performance by plant in Q2/2019 The company’s gross

of 2.5 billion baht from the total amount of 5 billion baht from Government Saving Bank in Thailand. This is not only potentially decreases our funding costs but also stabilized company financial

Transactions and will be holding shares at 45.05 and 5.01 percent of the registered and paid-up capital after the capital increase, respectively, totaling 50.06 percent of the registered and paid-up capital

and a controlling person of the Company of the Company and considered connected persons of the Company according to the Notifications on Connected Transactions and will be holding shares at 45.05 and

value of asset purchase is Baht 196,700,000 (one hundred ninety six million seven hundred thousand Baht only) ▪ Obligation : -NIL- ▪ Payment : shall be made in cash by one settlement on October 20th, 2017

Limited Purchaser : CK Power Public Company Limited Relationship with the Company: 1) The Company is CKP’s major shareholder holding 1,429,950,843 shares or representing 19.40 percent of CKP’s issued and

Company Limited Purchaser : CK Power Public Company Limited Relationship with the Company: 1) The Company is CKP’s major shareholder holding 1,429,950,843 shares or representing 19.40 percent of CKP’s

, management and shareholders directly or indirectly holding shares at least 10 percent as shown from the financial statement ended September 30, 2018 As of September 30, 2018, the Company and its subsidiaries

Limited (“7UP”) held on April 5, 2019, approved the acquisition of ordinary shares of Universal Waste Management Company Limited (“UWM” or the “Target”), formerly named Asia Recycle Holding Company Limited