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

be blessed with opportunities and growth potential. This project is developed by the joint venture, in which CPN through subsidiaries holds a sixty-percent (60%) stake and I-R&D Sdn. Bhd. (“IRD”), an I

to the Company’s existing shareholders to mitigate an impact on those shareholders after the Company’s stake in CAZ is reduced. The transaction is considered the disposition of assets in accordance

shares of Co-Mass Company Limited (“COMASS”) with total investment of THB 160mn, thereby increasing MACO’s stake in COMASS to 100.0%. As a result, MACO fully controls COMASS, allowing us to utilise

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

Singha Complex, 39-storey condominium with 319 units and value at THB 4,347m, began ownership transfer in September 2019. Amid sluggish in property market, by far, both sales and transfer activity have

the ownership of MahaSamutr project totaling of three villas and recognized revenues of 160 million Baht. The Company expects to be able to sell and transfer the remaining villas to its customers in

654 3344 Fax. 66 2 654 3323 MahaSamutr Project: The construction in progress of MahaSamutr Villas are 95% completed. In 2018, the Company transferred the ownership of MahaSamutr project totaling of

its ownership of such assets and received full payment in quarter 2-2019  Deposit used as collateral of 38.06 million baht and decrease of 14.97 million baht compared to year 2018 which amount of 53.04