’ meeting No.1/2019 held on 20 February 2019. 3.4 The subsidiary company was sued as the defendant in black case no. Por 1430/2561 to Samut Sakhon Province Court for breach of contract and oblige for the

economic conditions in the contract. Selling expenses were THB 488 million, a decrease of THB 204 million or 29.5%, representing 12.6% of total sales, down from 19.1%. The details of key expenses were as

delivered within 3rd quarter of 2019 in order to fulfil the contract. The Company had the cost of Refining service to revenue of 79.16%, That is close to the previous service cost rate. 3. Cost of Sea Freight

significant effect towards the Group’ s other revenue accounting policy, except for the sales of steam according to the Minimum take or pay contract of an associated company’s group in Indonesia. Revenue

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the year ended 31 December 2019 1. Year 2019 Highlights Figure 1: Quarterly results  In Q4/2019, the

and short-term loans, letters of credit, trust receipts, packing credit in amount of THB 7,294.15 million and forward foreign exchange contract in amount of THB 1,014.73 million. Capital Structure The

:  Solar Rooftop had signed new contract of 6.5 MW in 1Q2020, total accumulated signed contract as of 1Q2020 were 36.9 MW and had started COD of 9.7 MW in 1Q2020, total operating of 16.1 MW as of 1Q2020

by THB 18mn (or 50.6%), and (iv) other revenue that increased by THB 392mn (or 343%) YoY, primarily from the THB 200mn revenue from the termination fee of management contract of 2 managed hotels in

had 3 major overseas customers that have made contract to the debt repayment insurance with a local financial institution. At the present, it is in the process of determining to make contract to the

quarter of 2019 in the amount of THB 105.46 million. The main reason was the change in fair value adjustment of cross currency swap contract between JPY and AUD currencies to manage exposure of fluctuations