- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public Company Limited And Phatra Securities Public Company Limited (Tender Offer Preparers) Phatra Securities Public Company Limited (Tender Offer Agent) “This English language translation of the Tender Offer has been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company...

. This is because the lease of IBM OTCA project had expired in early Q3-2018, as a result, the revenue for rental of whole year declined. In fact, the decreased rate in cost of equipment for lease was

separated financial statements are as below; Type of Assets Estimated useful lives of assets (Years) From 2011 until 2019 From 2020 onwards Buildings 20 – 50 years (Useful lives will be expired maximum in

sales. • Gross profit margin in Q1/2020 dropped by 2.9% from Q1/2019 mainly from waste of expired stocks as a result of the immediate shutdown of shopping malls and the discount offered to boost sales in

additional airline customers, while two airline customers’ agreement were expired. This caused total number of its customers to be from 20 to 21 airline customers. 5 ASIA’S BOUTIQUE AIRLINE 2. As of 31 March

Bill of Exchange that expired during the period. Moreover, the Debt to equity (D/E) ratio decreased from 1.12 times at 31 December 2017 to 0.52 times in 2018, which is the lowest rate since the Company

allowance for inventories declining value of Baht 32 million, resulted from the Company’s new accounting policy of setting allowance for inventories declining value from recording expired product in full cost

increased from the Government and State Enterprise sector which the warranty from Turnkey Total Solutions expired and then continued with the maintenance service. Gross Profit For the three-month period, the

agreement is expired, SAP does not have any obligation with PAM to renew the said agreement and may find a new premises and/or a new lessor. However, if SAP wishes to renew the sub – lease agreement, PAM

results. The annual period ends at December 31, 2017 and December 31, 2016 (Unit : THB million) Revenue Expired year: 31 December 2017 2016 Add (Reduce) Amount Percentage Service revenue 1,396.37 1,022.48