the housing projects by Baht 13 million, the decrease in after-sales service expenses related to maintenance of project utilities and security of Baht 24 million, the decrease in salary and employee

GC had better liquidity. Since after listed, GC had good fund from the IPO proceeds at the end of 2005 and the working capital from deposits redemption at the beginning of 2006. This caused a better

Cogeneration Company Limited, a subsidiary, has been consolidated in the amount of THB 495.38 million after the acquisition on October 1, 2019. 2.2 Revenue from finance leases contracts Revenue from finance

amounts to 7.5 Million Baht, decreased by 3.3 Million Baht or 30.6% compared to the previous year due to reduce of loan to a subsidiary. 4 Events after reporting period At the Board of Directors’ Meeting No

- - 28.4 100.0 (2) Allowance for advance payments palm oil 16.9 0.9 - - 16.9 100.0 Profit (loss) after adjustments 40.0 2.2 (146.3) (48.2) 186.3 127.3 *Financial statements for the year ended 31 December

Company, the subsidiary in the Philippines (Halcyon Technology Philippines Inc. or “HP”) and the subsidiary in Vietnam ( Halcyon Technology Vietnam Co., Ltd. or “ HV” ). After eliminating related

business performance after deducting dividend payment. From above Statements of Financial Position, D/E Ratio as of December 31, 2019 was 1.15 times, decreased from ratio as of December 31, 2018 (2.15 times

for the period of H1/2017 Baht 41 million deducted dividend paid out Baht 40 million. Liquidity: In 2017 GC had better liquidity. Since after listed, GC had good fund from the IPO proceeds at the end of

considered a connected transaction, with the details as follows: 1. Transaction Date The agreement to purchase and sell will be executed within one month after the date of approval by the Board of Directors

. Criteria: Net tangible Asset Financial Source for the Financial Support The financial support from the Company to GSTEL comes from excess internal cash flow from operation of the Company of which after