which this project is held 99.99 percent of total shares by SAFE. Then the Company could start gaining from profit sharing since the beginning of the 3rd Quarter of 2017. 2. Green Earth Power (Thailand
gaining profit sharing since the beginning of the 3 rd Quarter of 2017. Moreover, the Company could start commercial operation from SAFE Energy (Phrae) Company Limited for the Biomass Gasification Project
. Liquidity: In 2019 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
profit sharing since the beginning of the 3 rd Quarter of 2017. Moreover, the Company could start commercial operation from SAFE Energy (Phrae) Company Limited for the Biomass Gasification Project with the
proceeds at the end of 2005 and the working capital from deposits redemption at the beginning of 2006. This caused a better working capital management to reduce the cost of fund. In Q2/2019 GC had a current
in financing activities was Baht 766.71 million due to repayment of bank loans. As a result, net cash increased by Baht 401.91 million from the beginning balance. Net-Debt-to-Equity ratio as of March
2005 and the working capital from deposits redemption at the beginning of 2006. This caused a better working capital management to reduce the cost of fund. In Q2/2018 GC had a current ratio at 1.40 times
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 working capital
under construction and it is expected to install all the equipment by beginning of next year. At the moment, the company is preparing another two projects, these projects are expected to start the
beginning. After the subsidiaries operated for a period of time and had a favorable track record, these subsidiaries would seek financial directly from financial institutions. They would be less dependent on