system to meet the demand of the customers. Q1/2018 Market environment and Directions in 2018 In terms of the situation in the power industry for the year 2018, the Energy Regulatory Commission (ERC

identify the applicable share swap ratio for the Transaction, and may subject to the situation from time to time; 1. Discounted Cash Flow Method (“DCF”) • The discounted cash flow method will be applied to

price, therefore the private placement does not limit the rights of existing shareholders. The Board of Directors see that the offered price is suitable for the situation. 7 .6 Worthiness of benefits

investors. The debenture was rated A+(tha) by Fitch Ratings (Thailand) which reflects the strength of the company’ financial situation. In this offering, the booking of this debenture is 7 times higher than

client or is necessary and useful for the client in the situation at that time; (2) dealing the transaction similarly to arm’s length transaction basis; (3) conforming to additional conditions (if any), as

MW which occurred in April 2018. In terms of power industry situation for the second half of 2018, the Energy Regulatory Commission (ERC) decided to maintain Ft rate at -15.9 Sa-tang per unit with the

Public Administration to limit the impact of the virus. Nevertheless, the impact on the overall economy are more severe than expected. The economic slowdown situation has indeed affected our performance

ASEAN countries, the figure is insignificant. However, one-third of the unemployed persons were university graduates, and this share is on the rise. The situation reflects two major problems. First, the

impact of the situation given their heavy reliance upon exports to both the US and China. As a result, the Baht weakened occasionally. Regarding interest rates over the past year, the Federal Reserve

1 ( Translation ) Ref. NEP146-2017 October 25, 2017 Subject : Resolutions of the Board of Directors approving the capital decrease, the capital increase, the allotment of newly issued ordinary shares to investors in private placement, the acquisition of assets and convening the Extraordinary General Meeting of the Shareholders No. 1/2018 (Revise) To : President, The Stock Exchange of Thailand Attachment : 1. Capital Increase Report Form (F 53-4) 2. Information Memorandum in relation to the allot...