Voluntary Tender Offer (the “VTO Letter”). According to the VTO Letter, the conditional voluntary tender offer for the securities shall commence upon completion or obtaining the waiver of the following

report of its financial position and operating results under this Part. The duty to prepare and submit the report under Paragraph 1 shall commence when the registration statement filed with the SEC Office

to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved by lenders. This achievement would enable us to keep record of managing the project to commence COD in time

expected to commence in 2021. Financial Position Balance Sheet Balance Sheet Breakdown As of 30 September 2019, the Company had total assets of THB 22,909 million, a decrease of THB 547 million (or -2.3

to supply such items for others if the capacity is available at any point of times to maximize the benefits and lower production costs in the long run. The new factory is expected to commence the

, which is expected to commence in 2021. In 2019, Selling and administrative expenses (SG&A) level of spending was at 22.2% of sales (for Q4’19, SG&A spending was at 21.9% of sales), in accordance with the

from the existing businesses amounted to Baht 6.56 million. However, the repayment of long-term borrowings for solar energy will commence on July 2017, so interest of new business will be reduced from Q3

with the budget approved by the lenders. This achievement would enable us to keep record of managing the project to commence COD in time and in budget for 25 consecutive projects during the last 6 years

because a project with an outstanding project cost management can commence recognizing its revenue in quarter 3 of 2017 leading to a higher gross margin. When considering the gross margin ratio of 14.28% at

license is expected to commence around 4Q20. 3. In 3Q19, AIS entered into two settlements with TOT on tower dispute and equipment rental. Effectively, net cost of tower rental was reduced by Bt100mn per