- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public Company Limited And Phatra Securities Public Company Limited (Tender Offer Preparers) Phatra Securities Public Company Limited (Tender Offer Agent) “This English language translation of the Tender Offer has been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company...

-7% Inventories 989 1,044 -5% Other current assets 177 180 -1% Total current assets 2,029 2,106 -4% Property, plant and equipment 2,183 2,071 +5% Goodwill 243 - - Investments in joint venture 53 53 -1

- Trade and other receivable, net 11.32 19.71 184.41 - Inventories 792.41 1,444.67 2,336.74 - Others 0.77 0.66 0.53 Total current assets 804.50 1,465.04 2,521.68 Non-current assets - Short-term loans to

)% Unbilled receivables 560.2 434.2 126.0 29.0% Short-term Loan to related parties - 18.0 (18.0) (100.0)% Inventories 268.0 305.8 (37.8) (12.4)% Other current assets 186.8 104.7 82.1 78.4% Investments in joint

million 31 December 2018 30 September 2019 Change Cash and cash equivalent 3,545 4,118 573 Inventories 7,218 7,225 6.869 Current assets 20,779 22,179 1,400 Investment property 12,064 12,684 620.154 PPE

equivalent 3,545 5,413 1,868 Inventories 7,218 5,371 -1,847 Current assets 20,779 24,087 3,308 Investment property 12,064 13,828 1,764 PPE - net 17,370 19,870 2,500 Non-current assets 38,150 43,594 5,444 Total

0.32 - 0.32 100.00% Inventories 201.51 308.56 (107.05) (34.69%) Assets held for sale 20.66 - 20.66 100.00% Other current assets 43.01 10.98 32.03 291.64% Total current assets 1,416.65 1,134.04 282.61

% when compared to the year 2018, which was decreased by 15.22 million baht or 3.27%. The main changing transactions were from inventories amounted to 139.47 million baht, reduced from 2018 at 15.52% due

, shrinking 5.55% from the end of last year. The majority of total assets consists of cash and equivalents, short-term investments, trade receivables and other receivables and inventories and property, plant

) AI Energy Public Company Limited. March 31, 2017 the Company has booked the allowance for the dilution in inventories value for THB 12.58 million. 2. Cost of Sales – Edible Oil - In 1st quarter of 2017