credit term. - 5 - In addition, the Company had received the large project which had a long delivered period. As the result, the trade receivables in Q4 – 2019 decreased. Unbilled receivables of the Q4
. Construction Period: Carnival Magic Project has begun construction since late 2015 and is expected to be open for business in mid 2019. (Delay from original expected opening in late 2017 due to increased
import and exemption of corporate income tax according to the time period and conditions of such project 2) The Company is confident that Carnival Magic Project will yield attractive returns for the
Finance. The total construction and operation period of the ERU Project is approximately 30 years. 10) Expected Benefits to the Company The investment in the ERU is consistent with the strategic plan and
operate the project and has profit as agreed during the period of agreement after Phase 2-4 start to operate water distribution. HECH would purchase more GS’s share in the future from exisiting shareholder
of the industrial Zone of Mandalay (“CWTP”) 5/6 Name of Operating Company Hydrotek Supreme Mandalay Company Limited (“HSMC”) Type of Project B.O.T. (Build-Operate-Transfer) Concessionaire Period 30
percent of total paid-up capital of HYDRO. The contract is for a period of 30 years. The Project, production and distribution of water supply, has water sources from old mine area about 340 Rai lacated on
shares as mentioned above. Hence, the Company directly and indirectly hold 40 percent of total paid-up capital of GS. • Moreover, if GS can operate the project and has profit as agreed during the period of
the second quarter is an off- season period that has weaker wind speed sweeping pass the project location. As such, this quarter the company realized share of profit from its associate company THB 102