2019 in order to enhance corporate efficiency and growth resulting in favourable operating results by achieving 12% gross profit margin in Q1-2020. UWC determined to continuously improve its strategic

of mobile phones. VGI continues to outperform the overall market posting significant revenue growth of 36.5% to THB 852mn, driven by the robust performance our OOH and Digital Services businesses

operations were very strong; recording 53.5% growth year-on-year. Portugal operations were also growing, recording 6.6% growth year-on-year. Both Thailand and Portugal operations outperformed average industry

revenue was higher than industry growth (in terms of production volume) of 6.1% due to the following reasons: 1) Automotive Parts Business; Higher order, new model launch which started in Q3 last year, new

the investment in branch expansion and development of IT systems and equipment in Q3/2019 as indicated in theprospectus 12. Opinion of the Company’s Audit Committee and/or directors which differs from

and liquidity of the Company because the Company has no loan obligations. While waiting for the investment in branch expansion and development of IT systems and equipment in Q3/2019 as indicated in the

replacement scheme which allows SPP projects with PPA expiration during 2016-2025 to build new power plants under another 25-year period of PPA. All 5 replacement projects are under development process with the

refused derived fuel technology, and being a consultant for various engineering projects which will support the Company’s business expansion. Moreover, having a well- known business partner, as a major

acquisition Glow SPP1 acquisition successfully completed in March 2019 which enhances growth and competitive advantage of BGRIM as one of the largest SPP in Thailand. Glow SPP1 located in Map Ta Phut area which

part management. 7.6 The Company will be able to accommodate and support the policies of the government and the PTT Group in furtherance of the business expansion under the development plan of the