33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities Business in 2019 was Baht

holds a sixty-percent (60%) stake and I-R&D Sdn. Bhd. (“IRD”), an I-Berhad wholly-owned subsidiary, holds a forty-percent (40%) stake. The investment was a RM 830 mn (or approximately THB 8,300 mn). This

Limited, the Company’s direct subsidiary, holds 40 percent stake), the operator of a small power producer in Nava Nakorn Industrial Promotion Zone, invested in an expansion for an addition of 60 megawatts

company of WHAUP group with 33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities

continuous monitoring, as they may trigger financial market volatilities and capital outflows from emerging markets including Thailand. Furthermore, China’s financial stability issues and international

. The investment value of the company was 10 million Baht. The transaction is not considered as asset acquisition or connected transaction in respect of the Capital Market Commission Supervisory and the

required to prepare and disclose the information memorandum to the Stock Exchange of Thailand nor to obtain an approval from its shareholders in accordance with the Notification of the Capital Market

due primarily to its market share increase in Malaysia, Vietnam and Cambodia, notwithstanding the products delivery postponement from some project delays in Myanmar and Vietnam to early 2019. Profit for

Company focused on marketing activities and new product launch, such as, Tempura Seaweed Salted Egg and Tinten Seasoned Squid Salted Egg, thereby causing the Company’s market share to reach more than 70

% because of intense competition in domestic market resulted the selling price increased slower than increasing in cost of goods sold. 4. Selling expenses were Baht 180.62 million, increased Baht 23.57