of funds. The Federation of Thai SME advocates to be the solid network for SMEs in Thailand. We facilitate the connection among SME entrepreneurs across the country so that they can help each other

& Green would lay a solid foundation for Thailand’s sustainable growth ฿ Smart & Green Farming Community-based Tourism Renewable Energy Slide 1 Slide 2 Slide 3 Slide 4 Slide 5

) (4.8%) 23.8 24.3 0.5 2.1% Adder 28.1 32.8 30.4 32.3 1.9 6.3% 132.0 123.6 (8.4) (6.4%) Other sales and service income 11.8 15.6 14.4 13.9 (0.5) (3.5%) 50.5 55.7 5.2 10.3% Sales from Municipal Solid Waste

projects related to dedicated infrastructure and/or the production of dedicated components for these facilities. Bioenergy: Energy generated from the conversion of solid, liquid and gaseous products derived

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

- - Adder 33.9 28.1 (5.8) (17.1%) Other sales and service income 11.3 11.8 0.5 4.4% Sales from Municipal Solid Waste Power Plants 121.3 114.0 (7.3) (6.0%) Sales of electricity - Base tariff and Ft 3.4 5.3 1.9

of subsidiary company does not have the solid plan shift to the international market, providing to the independent valuer and auditors, this transaction is fully provided. Loss from allowance of

of subsidiary company does not have the solid plan shift to the international market, providing to the independent valuer and auditors, this transaction is fully provided. 5 Loss from allowance of

, 2012 by Mr. Khumla Nakkhavong (the sole shareholder), which has awarded the municipal solid waste concession in Vientiane. Relationship among 3 parties: None 3. General Characteristics of the Transaction

sound and solid and thus strengthened their resilience to volatility. On progress of sustainable development, moreover, the Thai capital market obtained the highest corporate governance score among ASEAN