Programme (A-MDP) to ensure all ACMF members benefit from regional capital market connectivity. Following the successful first phase of implementing the regulatory programme in developing domestic bond

with the monetary policies of 2019. Trade tensions between the US and China appeared to ease after an agreement was reached on the US-China Phase 1 trade deal in early 2020. However, the next steps in

multi- products fuel pipeline expansion project to the northern of Thailand (phase 1 or NFPT-phase1) . The Gross profit margin of the Group was of 54.1% compared to 59.0% of Q3/2018. While in the nine

and warranty cost from service agent. Total shareholders’ equity as at 31 December 2017 was Bt1,334mn, increasing 12.8% compared to total shareholders’ equity as at 31 December 2016, mainly from net

operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as at the date of this document, and the Company does not undertake any duty or obligation to

are not a guarantee of future performance. 2019 and 2021 projections are based on historical 2017-2018 performance and management forecast. The predicted volume is based on legacy and new assets already

B.GRIMM POWER PUBLIC COMPANY LIMITED 12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this

PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to the accuracy or

UNDER CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or

None of the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document or otherwise made available nor as to the