two islands undergoing development, (i) SAii Lagoon Maldives, Curio Collection by Hilton and (ii) Hard Rock Hotel Maldives "Project CROSSROADS Phase 1 Hotels "; and (4) Twenty-nine upper midscale hotels
Project CROSSROADS Phase 1 which commenced the operation on September 1, 2019. Significant Developments Disposal of shares On February 17, 2020, according to the terms under the Joint Venture Agreement, in
contracted to the Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. Construction works of the project was completed and its
operation is the installation areas for advertising media that are obtained from the concession agreement with the government and the lease agreements (Enclosure 4) 18 with the private owners. Since the
finance lease agreement also increased as a result of financial lease accounting (TFRIC 4) adjustment. • Gross profit of Small Power Producer (SPP) increased by THB 278 million corresponding to lower
representing 30.89 percent of the total voting rights of GLOW). On 20 June 2018, GPSC and Engie Global Developments B.V. (“Engie” or the “Seller”) entered into the Share Purchase Agreement (the “SPA”) to
4.1 The Company must apply for the registration of its capital increase, the amendment to the Memorandum of Association, and the change to its paid-up capital from the Department of Business Development
Academy, including but not limited to, the Share Purchase Agreement; 3. Execution, amendment, modification and connection on any applications and evidences essential and relevant to the Transaction on the
completed and the construction of various buildings has progressed by more than 84.63% of the total construction. At present, the project is in the process of the development of utility system including the