structure and operation of the group of companies 1.1 Policy and business overview Provide an overview on the background and nature of the businesses operated by the Company or the group of companies which

has resulted in a marginal increase in its debt to equity ratio. We strengthened our footprint in North America by acquiring the Corpus Christi JV which, once operational, will provide a low cost

at A.Thaimuang, Phang-nga province, in which the seller will design, supply, transport, install, test-run, as well as provide training. 8. Contract for pipe laying in Phang-nga KBA Service Limited

percent 4. Value of equity issued = Not applicable, as the Company does not issue any securities as a consideration for the acquisition of assets. From the calculation above, the transaction size calculated

the consolidated financial statement of the Company. 4 = THB (1,950,000,000+ 35,716,680) x 100 / THB 4,761,754,545 = 41.70 percent 4. Value of equity issued = Not applicable, as the Company does not

such investment will provide reasonable return from the investment at the equity internal rate of return (EIRR) of not less than 20 percent. This Share Acquisition Transaction is reasonable in which the

2.03 27% Core EBITDA/t (US$/t)) 107 100 94 14% 97 86 13% Net Operating Debt to Equity 0.84 0.80 0.99 0.84 0.99 Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

Company to the Purchaser, shows that there is a deficit in shareholders’ equity of more than Baht 65,000,000. In this case, the selling price of the shares will be deducted by the deficit amount of

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

having a common director(s) with major shareholder. Letter of Intent / Memorandum of Understanding is signed with Christiani & Nielsen Energy Solutions (“CNES”) to provide services of designing