. The rating reflects the company’s position as the second largest private power producer in Thailand, highly predictable cash flow from i ts long-term power purchase agreements (PPA) with the Electricity

rules, regulations, notifications, orders, board resolutions, listing agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on the rights

agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on the rights, benefits, or decision-making of any shareholders, investors, or change in

Securities and Exchange Commission’s regulations; ii) not be a person who violates any rules, regulations, notifications, orders, board resolutions, listing agreements with the SET, as well as the required SET

resolutions, listing agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on the rights, benefits, or decision shareholders, investors, or

length price of the agreements of a similar nature. In addition, the service fees will help increase liquidity and enhance operating result of the Company as the Company's group can leverage existing

165.4 10.2% Net gain (loss) on exchange rate 112.2 (58.6) 37.6 (72.4) (110.0) N.A.(100) Gain (loss) on forward contracts 49.5 (50.8) 8.4 (19.2) (27.6) N.A.(

Company will execute a Share Subscription Agreement with conditions precedent and Loan Agreement with conditions precedent in respect of the Transaction (collectively, the “Agreements”) with SGAH. The

“Agreements”) with SGAH. The Company expects to complete the investment in SGAH within the second quarter of 2017 after all conditions precedent specified in the relevant Agreements are fulfilled or waived and

violates any rules, regulations, notifications, orders, board resolutions, listing agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on