spectrum licenses as well as lower interest- bearing debt QoQ. Average cost of borrowing stood at 3.0% per year. Profit In 1Q19, EBITDA was stable YoY at Bt18,906mn due to higher network OPEX and SG&A

Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The BOT has granted a temporary relaxation on liquidity, adjusting the LCR and NSFR to lower than 100 percent until 31 December 2021, in

SME loans will be relatively stable compared with the previous quarter. Demand for consumer loans is likely to decrease significantly due to the Covid-19 outbreak and public health measures. Some

clubhouse and building for juristic person office in the total area of 164.1 square Wah. 3. Selling allocated plots of land in the total area of 10 Rai 16.20 square Wah. 4. Developing plots of land in the

core business, increasing 1.4% when compared to 78.3% in 2Q18, while increasing 0.9%QoQ, due to developing the kiosk that reach 8 years useful life to be better work. 2) Service & Administrative expenses

recognized revenue (94 residences in 2017, 24 residences in 2016). The remaining residences are expected to be transferred in 2018. According to the value of the developing projects, it shows that the net

across the country by developing and adjusting its operation to any situation, and looking for new opportunities to keep Boonterm’s operation growing sustainably. Targets in 2H2020 • Wait for Covid-19

through its network across the country by developing and adjusting its operation to any situation and to look for new opportunities to keep Boonterm’s operation growing sustainably. Targets in 2020 (revised

Page 2 of 12 Contents CONTENTS 2 INTRODUCTION 3 SOLAR BOND MARKET AND POTENTIAL FOR GROWTH 3 HOW MANY BONDS EXIST ALREADY? 3 HOW CAN BOND CERTIFICATION HELP GROW THE MARKET? 3 KEY ISSUES IN DEVELOPING

technology business, which is decreased by Baht 25 million or 13% compared to the revenue of Baht 191 million for Q1’ 2017. It is due to a decrease of developing ERP system projects of a state-owned enterprise