of the total issued shares of the Company and indirectly hold 18.97 percent of the total issued shares of the Company through GSTEL (after registration of the Company’s paid-up capital)1, will nominate

Directors had approved the appointment Mr. Sophon Permsirivallop, C.P.A. Registration No. 3182, and/or Ms. Rungnapa Lertsuwankul, C.P.A. Registration No. 3516, and/or Ms. Pimjai Manitkajohnkit, C.P.A

structured notes to be offered for sale with the SEC and has a statement in the certificate that the issuer shall not accept transfer registration of structured notes that is inconsistent with a transfer

transferred to the customers after completion of the payment. 1. As of 31 December 2017, Details and progress of the Company’s residential projects are as follows: Remark: * In 2017, there were 94 residences

increased 61.0% year-on-year from Baht 524 million in 2016 to Baht 843 million in 2017, primarily due to a record of construction revenue which is recognized based on the percentage of completion of our hydro

concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a concession arrangement at actual cost

will be used as working capital for further business operations. The said actions will enable the Company to continue the business. After completion of such transactions, the Company will proceed with

which is recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely XXHP and Nam Che. Table 1) Revenue drivers: Sales volume 6M'2016 6M'2017 % change MWh MWh

to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a result

Receivables Due to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a