payment shall still be made twice a year and is based on consolidated earnings and subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend payment

the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the

availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the Company and/or

its efficiency in operating and administrative expenses well through the Digitalization process in the future. The separate financial statements has cost-to-income ratio at 38.3%, as there are

purchasing raw water from private source, depreciation and amortization from investment to increase capacity and employee expenses. However, the company was able to save the electricity cost by 59.21 million

efficiency and save costs; 2) Investing in the latest production facilities and machinery to increase annual production capacity from 300 to 330 million liters per annum; 3) Improving the Back Office by

overall liquidity and it could also save finance cost. ➢ Expenses on investments in 2 new subsidiaries; ETG Energy Company Limited (for participation in solar power plant phase 2) and Glow Trading and

2018 Separate financial statements Consolidated financial statements Separate financial statements Consolidated financial statements Separate financial statements Consolidated financial statements Total

impairment loss in investments in subsidiaries in separate financial statement at THB 272 million. The transaction is expected to be completed by the end of Q3/2018. Management Discussion and Analysis of

section is intended to be a summary of more detailed discussion contained elsewhere in the registration statement. 2. Provide the disclosure in a separate section titled “Risk Factors” and separate