-Translation- No. ECF2 005/2019 17 January 2019 Subject: Cancellation of the resolutions of the Board of Directors’ Meeting No. 13/2018 in relation to the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under the private placement basis, and the schedule for 2019 Annual General Meeting of Shareholders...

administrative expenses of the new power plants as well as an expense related to the remuneration scheme to encourage employees to commit the long- term service with the company and expenses related to IPO. COST

% Total current assets 1,750.56 74.23% 1,866.41 79.02% Non-current assets Restricted bank deposits 46.18 1.96% 46.18 1.96% Investment in associate 9.00 0.38% 12.43 0.53% Long-term investment 2.94 0.12% 2.76

long-term loan with fixed interest rate. Accordingly, as at December 31, 2018, the Corporate Group had no long-term debt obligation to comply with the terms and conditions of the loan agreement with the

joint partnership in a World Class Asset with long continuous production life, the oil produced is highly priced light crude oil. The investment is a considerable progress made on the foundations laid by

43.8% or THB 565mn from THB 1,290mn as of 31 December 2018 mainly from increase in 1) trade and other payables of THB 239mn, 2) short term loans of THB 193mn, 3) long term loans of THB 88mn, and 4

) Long-term loans from financial institutions 2,767.5 5,951.4 (3,183.9) (53.5) Debentures - 1,476.5 (1,476.5) (100.0) Trade and other payables 249.4 412.1 (162.7) (39.5) Other liabilities 107.8 106.1 1.7

percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest rate. Accordingly, as at December 31, 2019, the Corporate

. Plus, the Company purchased equipment and made debt repayment in an amount of 14 million Baht. During the year, the Company obtained dividend from other long-term investments and investment in joint

which was long term, lower from Bt98bn. Shareholders’ equity was Bt37,656mn, declining 12% due to lower retained earnings. Current ratio stood at 0.43x, down from 0.46x in 4Q16. With improving EBITDA and