plant, water supply, airport, seaport, telecommunications and renewable energy, with no less than 1 billion baht investment value for each project or no less than 500 million baht for a small-scale

Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden

shares of KPN Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop

SAAM Energy Development Public Company Limited - 1 - 6 November 2020 Subject: Management Discussion and Analysis for the period ended 30 September 2020 To: The President The Stock Exchange of

from additional investment in machinery to improve production efficiency, reduce production cost, and prepare for increased level of production; 3) lower sales proportion in Branded domestic sales which

domestically and abroad especially from two primary customers of the Company and the higher average sale price derived ftom the higher sale proportion of decorative products. Cost of sales. Expenses and Finance

proportion of 100 % With a vote of not less than three-fourths of the shareholders attending the meeting and having the right to vote as follows: Voting results Votes % of the total number of. Shareholders who

price derived from the higher sale proportion of decorative products. Cost of sales, Expenses and Finance costs: For the 3th quarter of 2017, the cost of sales was 29.90 million Baht, increasing by 22.07

same period of previous year mainly because the significant growth in revenue. The Company had lower proportion of cost due to economy of scale by producing in larger quantities, and the more skill

acquisition and disposal methods as follows: Method Calculation Transaction Size ( percent ) 1.Asset Value Method (NTA) NTA of the invested funds x proportion of the assets acquired Company$s NTA - 2.Net Profit