to perform any disclosure under the obligation of such Notification 1.2.2 The above-mentioned asset acquisition is not classified as connected transaction under Notification of the Capital Market

effect on employment and household income; (3) a slow vaccination and vaccine effectiveness which could further delay border re-opening; and (4) 1 Excluding loans classified as Purchased or originated

Million by IVL to IRSL (the “Transaction”) is classified as a provision of financial assistance by a listed company to a connected person as prescribed in the notification of the Capital Market Supervisory

into a substantial transaction classified as an acquisition or disposal of assets, dated August 31, 2008 (as amended) and Notification of Stock Exchange of Thailand Board Re: Disclosure of information

a significant increase in service revenue Which can be classified as follows Unit : million baht Service For the three-month period Ended 30 Sep 2019 For the three-month period Ended 30 Sep 2018

31st March 2019. The transaction shall be classified as Acquisition of Asset Type 2 as stipulated in the Notification of the Capital Market Supervisory Board No. TorChor. 20/2008 Re: Rules on Entering

25-year Power Purchase Agreement (PPA) with the tariff of USD 6.5 cent per kWh. The project was able to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved. Move

mining 51,498 52,359 46,658 (1.6)% 10.4% Others 313,565 295,724 297,076 6.0% 5.6% Total 2,083,160 2,021,246 2,003,989 3.1% 4.0% * Less deferred revenue Classified Loans and Allowance for Doubtful Accounts

and the project is expected to commence commercial operation in 2021 as scheduled. Management Discussion and Analysis For the Year Ended December 31, 2019 Page 3 1.4 Commercial Operation Commencement of

62.11%). The commercial operation date is scheduled in the midyear 2019 - Xayaburi Project, a project of the Xayaburi Power Company Limited (Xayaburi), (EGCO holds a 12.50% ownership interest.), is a