Academy, considered as the Company obtains the transfer of private company into its ownership, pursuant to Section 107 (2) (b) of the Limited Public Company Act B.E. 2535 (1992) (including the amendments

total number of sold shares of KPN Academy, considered as the Company obtains the transfer of private company into its ownership, pursuant to Section 107 (2) (b) of the Limited Public Company Act B.E

further proceed to cancel those Warrants. 3. The Board of Directors or the Executive Committee or the person(s) entrusted by the Board of Directors or the Executive Committee shall be empowered 3.1 To

10260 Tel: 0-2-338-3333 Call Center: 0-2338-3000 Fax: 0-2338-3334 www.nationgroup.com Although the Company is a controlling person of NBC in accordance with Section 89/1 of the Securities and Exchange Act

construction of the civil infrastructure and E&M Systems in respect of Contract 2 (Sanam Chai - Tha Phra Section) of the MRT Blue Line Extension Project, therefore, it is ready and is able to start work promptly

further detail, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1

appraised by the asset appraiser. Such disposal of assets constitutes a sale or transfer of the whole or substantial parts of the business of the Company to other persons, subject to Section 107(2)(a) of the

Group, the Company procured that S Hotels and Resorts (SC) Co. Ltd., a subsidiary of the Company with 100 percent of its equity held indirectly by the Company, place a deposit of USD 25 million to the

such both projects, and is also responsible for the construction of the civil infrastructure and E&M Systems in respect of Contract 2 (Sanam Chai - Tha Phra Section) of the MRT Blue Line Extension

for the construction of the civil infrastructure and E&M Systems in respect of Contract 2 (Sanam Chai - Tha Phra Section) of the MRT Blue Line Extension Project, therefore, it is ready and is able to