banking and insurance sector began to bring technology into the business operations resulting in a significant increase in revenue compared with the previous year. Revenue from Software Subscription and the

million or 22% from year 2019 mainly due to Short-term borrowing from related parties which increased by Baht 699 million resulting from default in payment of SBLC by the Company, increase in accrued

an decrease of 11.50 percent, resulting from the effective debt management of the Company and its subsidiaries. Shareholder’s Equity As of September 30, 2019, shareholder’s equity of the Company and

370.4 Million Baht, decreased by 45.5 Million Baht or 10.9% compared to the previous year as the Company was able to manage raw material and labor cost more efficiently, resulting in higher gross margin

in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to

Biomass Power Plants for the first quarter of 2020 compared to the same period of last year, resulting in higher of electricity unit sold than the same period of last year. However, sales of Natural Gas

Baht 859 million or 17% as a result of GLOW’s power plants have reached the Contracted Availability Hours set out in the PPA in December 2019, resulting in the decrease of Availability Payment in Q4/2019

Natural Gas Power Plant also decrease because the plant using in-house management and maintenance services instead of hiring external services company, resulting to reduction in cost of engineering and

estate development business amounted to 6.06 million baht, an increase of 0.06 million baht or 1.07%. Resulting in the company being able to recognize revenue of 1 unit. 1.5 The Company has income from

estate development business amounted to 6.10 million baht, an increase of 0.10 million baht or 1.67%. Resulting in the company being able to recognize revenue of 1 unit. 1.6 Revenue from contractors