affected by the COVID–19 outbreak. However, the Company’s revenues generate from large projects that have continued its operation since 2019. Moreover, most of the customers are government agencies and state
projects of the government and state enterprises have slowed down and increased more competition in the market. The majority of the Company's revenue recognized in 2023 comes from government and state
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
an agreement that NPSI is not able to complete the set criteria in the agreement, due to not being able to acquire the construction license which is a critical part that will take effect in many
agreement, due to not being able to acquire the construction license which is a critical part that will take effect in many aspects of the project which resulted in an unsatisfied view by the Company to
Company’s Board meeting which came to an agreement that NPSI is not able to complete the set criteria in the agreement, due to not being able to acquire the construction license which is a critical part that
date on April 2, 2018. 6. Value of assets purchased The Company will acquire assets on this transaction in the amount of THB 250 million which derived from 1) At-Ze’s Ordinary shares investment at
amount of THB 125 million at the share sale and purchase date on April 2, 2018. 6. Value of assets purchased The Company will acquire assets on this transaction in the amount of THB 250 million which
April 2, 2018. 6. Value of assets purchased The Company will acquire assets on this transaction in the amount of THB 250 million which derived from 1) At-Ze’s Ordinary shares investment at 800,000 shares