due to an increase of 1) an estimated amount by which costs of the acquisition of investment in subsidiary exceed identifiable net assets of the acquiree of THB 282mn from acquisition in COMASS by MACO
value of Co-Mass’s identifiable assets was completed. The restatement involved eliminating the “estimated amount by which costs of the acquisition of investment exceed identifiable net assets of Co-mass
amount by which costs of the acquisition of investment exceed identifiable net assets of Co-mass” of THB 281mn in non-current assets, which was replaced by 1) goodwill of THB 262mn and an intangible assets
transaction value did not exceed 3.0 percent of the net tangible assets of the Company, it was required that the transaction be approved by the Board of Directors’ Meeting, prior to the Company’s entering into
use water more efficiently, and jointly set a demand reduction of 10% during the drought 2. Control water withdrawal from Dokkrai and Nongplalai Reservoirs to not exceed 600,000 cubic meter per day (CMD
eliminate the Conflict of interest of Ms. Kanjana Pongpatanadecha, spouse of major shareholder and managing director of the Company, currently hold the shares in subsidiary company exceed 10.0 percent, which
ratio are 1.65 times and 1.41 times, respectively. The main reason of the rise of those ratios is The Company’s current assets exceed its current liabilities by a significant amount and the major
increase the proportion of biodiesel blends in diesel in the 4th quarter of 2019 which resulting in overflown of Crude Glycerine into the market and exceed the demand. Hence, the Crude and Refined Glycerine
to not exceed 600,000 cubic meter per day (CMD) to maintain the water level in the reservoirs above the dead storage 3. Transfer water from Prasae Reservoir to Nongplalai and Klongyai Reservoirs