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

holds a sixty-percent (60%) stake and I-R&D Sdn. Bhd. (“IRD”), an I-Berhad wholly-owned subsidiary, holds a forty-percent (40%) stake. The investment was a RM 830 mn (or approximately THB 8,300 mn). This

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

2017 from the increase of the new transferring project 9 projects (KnightsBridge Sky City Sapanmai, Notting Hill The Exclusive Charoenkrung, Pause Sukhumvit103, KnightsBridge The Ocean Sriracha

องจากบริษัทและบริษทัย่อย มีโครงการใหมท่ี่เร่ิมโอนกรรมสิทธิ์ในปี 2560 จํานวน 9 โครงการ แบ่งเป็นคอนโดมิเนียมจํานวน 8 โครงการ และบ้านจัดสรรจํานวน 1 โครงการ ไดแ้ก่ โครงการ KnightsBridge Sky City Sapanmai

revenue is higher than it was in 2019, in relation to selling of products to the sky train construction project. 3.4 The selling and distribution expenses of the first quarter of 2020 increased 11.76

Power Business performance in a form of (i) Share of Profit and (ii) 4 Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant