Offeror : THAI INDUSTRIAL GASES PLC. | Date of submission of the Statement of Intention : 30/05/2002

Offeror : THAI INDUSTRIAL GASES PLC. | Date of submission of the Statement of Intention : 29/08/2002

affected company's results of operations include (i) coal price and gas price that continued to drop further from previous quarter resulting in lower costs of sales and (ii) COVID-19 pandemic. Based on our

million due to corresponding to EGAT’s dispatched instruction resulting in higher fuel consumption. • Small Power Producer (SPP): The gross profit increased by Baht 2,115 million as a result of the first

plants of Baht 2,340 million. As for GPSC’s SPP plants, gross profit decreased by Baht 38 million due to the growth of cost of natural gas following the rise in both quantity required and average price. In

margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW

of natural gas corresponding to the crude oil price in the world market, the new accounting standard (Thai Financial Reporting Standard) regarding the financial instruments (TFRS 9) and the lease

to accurately forecast the trend of natural gas prices and fuel charge adjustment (Ft ). • Drought situation in 2020 will continue from 2019 due to the effect of El Niño phenomenon, resulting in less

accepted accounting principles. The company did not arrange the assessment of value and quantity of small-sized gas cylinders and record allowances for impairment in accordance with generally accepted

of small-sized gas cylinders and record allowances for impairment in accordance with generally accepted accounting principles. Moreover, the auditor was unable to find sufficient supporting evidence to