including the procurement of project land site and rendering of related services to the group customer, with 17 operating solar power projects in Thailand, and (2) revenue from the sale of electricity from
Padaeng Industry Public Company Limited and its subsidiaries ( “ the Company” ) reassessed its business structure to move towards Green Businesses targeting renewable energy and real estate business. To
net profit margin increased from 27% in the second quarter of 2019 to 35% in the second quarter of 2020 because its sales of electricity increased as it recognized RH’s and AVA’s sales of electricity in
electricity sales of RH and AVA additionally, while for the first nine months of 2019 the Company recognized the sales of electricity only from ETC’s power plant. It recognized the sales of RH for the entire
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