was due to the termination of the programmed co-production agreement before the due date and no revenue recognition from other business, which was under the consideration of the investment information

loss decreased by Baht 142.76 million compared to the same period in 2017. This was due to the termination of the programmed co- production agreement before the due date and no revenue recognition from

. However, the said investment is within the criteria of disclosure in the case of entering in capital investment or cancelation of investment from 10% of registered capital of the investment company

first quarter of the previous year, as follows: 1. Revenues The Company’s revenues in the first quarter of 2020 were Baht (131) million, compared to the Company’s revenue of Baht 911 million for the first

disclose information memorandum to the SET and provides circular notice to shareholders within 21 days from the date Company’s information memorandum is disclosed. 5. Details of the Acquired Assets 5.1

Analysis (MD&A) 2019 Page 3/8 profit equal to 67 million Baht. It was due to a result of the strict credit control by the Company, causing an increase in revenue from collecting (Bad Debt Recovery

75% in VGI Global Media (Malaysia) Sdn. Bhd (“VGM”) with a total investment value of THB 360mn. This transaction is expected to complete within the 4th quarter of 2018. VGM is a holding company

Cogeneration Company Limited, the Company’s wholly owned subsidiary, on October 1, 2019, resulted in the increase in revenue from sales and rendering of services. Management Discussion and Analysis For the 1st

transaction price of THB 924.90 million is within the appropriate price range as evaluated using the Adjusted Book Value Approach, which is equivalent to THB 912.57 – 937.23 million (Details of the IFA’s

, Public Company Limited Act and Thai Revenue Code including relevant regulations. Then, when the finalization of the purchase price by the executive committee, the Company will disclose the said price to