to the Company’s existing shareholders to mitigate an impact on those shareholders after the Company’s stake in CAZ is reduced. The transaction is considered the disposition of assets in accordance

shares of Co-Mass Company Limited (“COMASS”) with total investment of THB 160mn, thereby increasing MACO’s stake in COMASS to 100.0%. As a result, MACO fully controls COMASS, allowing us to utilise

Limited, the Company’s direct subsidiary, holds 40 percent stake), the operator of a small power producer in Nava Nakorn Industrial Promotion Zone, invested in an expansion for an addition of 60 megawatts

company of WHAUP group with 33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities

Power Business performance in a form of (i) Share of Profit and (ii) 4 Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant

to capital increase in joint ventures proportionately. 3. Increase in investment available-for-sale of THB 946.4 mm, mainly from reinvestment in WHART to maintain 15% stake and increase in market

performance in a form of 1) Share of Profit and 2) Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant costs in the Associates or

) Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant costs in the Associates or Joint Ventures. The growth mainly came from the

in associates and joint ventures increased by THB 13,349 million; mainly from BCPG Plc., a subsidiary of the company, invested CapAsia ASEAN Wind Holdings Cooperatief U.A, which holds a 40% stake in

our equity stake (%). Such Share of Profit is net of all relevant costs in the Associates or Joint Ventures. The growth mainly came from: i) The acquisitions of Power Assets from WHA Group, mainly are