PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global Power Synergy Public Company Limited (GPSC) (‘company’) has finished the financial activities in accordance with the company's financial deleveraging plan from the offering of newly issued ordinary shares to existing shareholders in proportion to the number of shares held by each shareholder (Rights Offe...

or benefit of any kind to the credit rating agency in consideration for the credit rating. M. Applicable Law 1. Identify the law applicable to the debt securities being publicly offered and/or listed

subsidiaries was a party. 3. The amount of outstanding loans (including guarantees of any kind) made by the issuer or any of its parent or subsidiaries to or for the benefit of any of the persons listed above

applicant to benefit directly to the business operation of the applicant and such work experience has continued for at least five years during the period of seven years prior to the filing date of the

and develops, and any other rights deemed benefit to the Company or an associated company’s business operation; including to lease, to permit, or to grant privilege regarding any business concerning

certificate, patent, license, trademark, software and program patent that the Company produces and develops, and any other rights deemed benefit to the Company or an associated company’s business operation

acquire concession, concession certificate, patent, license, trademark, software and program patent that the Company produces and develops, and any other rights deemed benefit to the Company or an

and to benefit all shareholders as planned; managing projects under construction to be completed as scheduled and within the planned budget; and seeking new investment opportunities through acquisition

the reasonableness and the benefit to the Company, fairness of price and condition of the connected transaction. 4. Details of the assets related to the transaction Name : Finansa Public Company Limited

Global Securities Public Company Limited as an independent financial advisor to provide opinion to the SET and shareholders on the reasonableness and the benefit to the Company, fairness of price and