and the private sector in encouraging the market to shift from regular ESG practices and integrate SDGs impact in business and investment strategies. Congratulations to the government and the private

services both for projects in Thailand and Japan due to seasonality, as the shift to the rainy season resulted in the lower average irradiation hours, especially for the solar power plant projects located in

than that in Thailand around 20%-25%. Thus, the Company could expand and increase the percentage of market in India, and profit margins for competing competitive products. However, in the past 2-3 years

production in India is lower than that in Thailand around 20-25 percent. Thus, the Company could expand and increase the percentage of market in India, and profit margins for competing competitive products

was approved for investing in new business and expand current business which will, by no means, disrupt GLOCON’s cash flow. 5 Opinion of the Board of Directors 1. The acquisition of dried fruit business

rates and a shift to reduction of its massive balance sheet through quantitative tightening (QT), wherein reinvestment in new securities with proceeds from maturing US Treasuries and mortgage-backed

middle-to-low income population. Nevertheless, the Company still continuously increases services on Boonterm kiosk and expands to new businesses in order to increase the number of customers and expand the

system is almost complete. Some small changes have to be made and the company has set to fully shift to ERP system at the beginning of 2018. 2. Operating Results (Company and Subsidiaries) Consolidated

1 of 2019 and that of 2018 respectively. The THB 28.51 million shift or 91.47%. Net Profit margin for Quarter 1 /2019 and Quarter 1 / 2018 were 20.62% and 15.47% respectively. Such 5.15% increase was

maintain in Q4. The subsidiary in Vietnam, HV, has continuously improving operation results after installations of new machines in the past year and the increase in working hours from 1 shift to 2 shifts