then has profit before income tax of THB 3.45 million. Progress on court’s consideration and legal enforcement of the main debtors 1.1 Media Agency Thai Co., Ltd. is a debtor in the Air Time Management

in the agreement. As of 31 March 2020, the establishment of this new company is still in progress, so the capital payment has not been done yet. Unit: Baht million 1Q20 1Q19 Change Hotel business 875

of mainly indirect staff cost, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the write off of 16.97 mb of accrued work-in-progress resulting from

. Payment process : Payment will depend on the agreement with the contract party that will be in portion payment and subjected to work progress. The period of project operation is approximately 18 months. 6

600 Million Baht. Payment process : Payment will depend on the agreement with the contract party that will be in portion payment and subjected to work progress. The period of project operation is

over the next few months as we progress into more advanced stages of our projects. We continue to see good pipeline in domestic demand in Thailand for both HR and ERP projects. Other Income Other income

Power Plant On 6 October 2020, Advance Clean Power Plant Co. Ltd., an indirect subsidiary, entered into a power purchase agreement with Provincial Electricity Authority for Biomass Power Plant with

Page 2 Management Discussion and Analysis 1. Significant events in the first Quarter of 2018 1.1 The progress in construction projects 1.1.1 Process of construction - Xayaburi Project, a project of the

events in the second Quarter of 2017  The progress in construction projects - Klongluang Utilities Company Limited, (EGCO holds a 99.99% ownership interest.), is a cogeneration power plant project, TJ

Ref.No.IVL001/10/2017 3rd October 2017 President The Stock Exchange of Thailand Subject: Report on the Completion of the Acquisition of the Tire Cord business of DuraFiber Mexico and setting up of a new indirect