- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public Company Limited And Phatra Securities Public Company Limited (Tender Offer Preparers) Phatra Securities Public Company Limited (Tender Offer Agent) “This English language translation of the Tender Offer has been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company...

million or 111% due to the increase in Availability Payment (AP) which resulted from continuous operation without any maintenance shutdown as in Q4/2017. This led to the increase in gross profit by Baht 127

, who is a capable investor having readily available funds as well as expertise in various industries and is also ready to offer funding to support the Company’s continuous operation in the future. The

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales

revenue in Q4/2017 increased by 295% due to the COD of both Phase 1 and Phase 2 as well as the continuous operation of gas turbine in Q4/2017 unlike Q3/2017 in which the gas turbine of Phase 1 was ceased

inventory loss of THB 2,517 million, even though market GRM was still affected by the average finished product and reference crude price crack spread’s continuous decline from late 2018. Gross profit recorded

approximately 30% of cost of rent and services) for shopping mall operations, increased from the same period a year earlier amidst the continuous rise in electricity Ft rate throughout 2019. The Company

continuous basis until the rights of sukuk holders end; (2) submitting an application for registration of sukuk to the Thai Bond Market Association; Clause 26. The asset trustee shall proceed or act in

for sale of the bonds and for continuous credit rating throughout the maturity date. The provision under Paragraph 1 shall not apply in the following cases: (1) In cases where the credit rating agency

approved by the SEC Office prior to the offer for sale of the bonds and for continuous credit rating throughout the maturity date in accordance with the following criteria: (1) issue rating for each of the