Limited (“GLOW” or the “Business”) in the total of 1,010,976,033 shares, equivalent to 69.11 percent of the total issued shares of the Business and representing 69.11 percent of the total voting rights in

recognised gain on disposal totalling 320 million US dollar, equivalent to 9,795 million Baht. 2. Business overview EGCO Group have invested in the Independent Power Producer (IPP), Small Power Producer (SPP

and non- controlling interest of subsidiary stood at Baht 1,414.78 million and Baht 208.03 million respectively. 7 Debt to Equity ratio as at 31st December and 31st March 2018 were 0.45 and 0.40 times

million based on loans from financial institutions. Our interest-bearing debt therefore amounted to THB 2,145 million or equivalent to the ratio of interest-bearing debts to total equity of 0.31 times, up

December 2016 due mainly to trade payables and other payables. We also made additional utilization of THB 1,145 million based on loans from financial institutions. Our interest-bearing debt therefore

price calculated based on and consideration of the effect, in proportion of shareholdings, to the shareholders on offering the newly issued shares to the existing shareholders) (which equivalent to THB

debt therefore amounted to THB 3,512 million or equivalent to the ratio of interest-bearing debts to total equity of 0.50 times, up from 0.14 times as of 31 December 2016. Our ratio of debts to total

shareholding interest and non-controlling interest of subsidiary stood at Baht 1,463.55 million and Baht 203.14 million respectively. 6 Debt to Equity ratio as at 30th June and 31st March 2019 were 0.37 and 0.41

Baht -122.15 million. Therefore, portions of company shareholding interest and non-controlling interest of subsidiary stood at Baht 1,455.42 million and Baht 215.96 million respectively. Debt to Equity

Baht 1,388.11 million and Baht 203.66 million respectively. Debt to Equity ratio as at 31st December and 31st March 2019 were 0.34 and 0.41 times respectively. The lower D/E ratio was due to lower