as enhance its competitiveness. 8.3 After the completion of the projects, the Company will likely continue recognizing revenues from such projects. 9. Conditions on the entering into of the transaction

steam to companies in PTT group. While in 2018, the current customers of CUP will continue to purchase electricity and steam from CUP1 and CUP 3 and the existing production capacity is sufficient. Hence

• Carbon emissions continue to rise • Projected warming of over 4°C of warming by end of the century • Double the global temperature increase sought by the Paris Agreement • Annual 7.6% reduction in

the momentum from the above mentions, the Thai economy in 2018 was expected to continue expanding which the Bank of Thailand projected to record growth of 4.1 percent (as of March 2018). However, the

rate following the completion of renovation.  In terms of expansion, the Company will continue to expand the business through asset light initiative. In 2019, the Company plans to open 11 new hotels

2019. For 2020, the Thai economy is projected to continue to be in a ‘low growth, low rates’ environment. Main headwinds include: (1) the weakness in global growth particularly the Chinese economic

projected to continue to improve, certain areas that still could limit the growth 1) Farm-related household income could slowdown from the decline in agricultural products prices particularly for rubber and

) (12) 148 141 (8) (1) 29 16 18 19 12 13 20 20 Other Subsidiaries in Power Generation business (continue) : Unit : Million Baht Theppana EGCO Cogen Chaiyaphum* North Pole Banpong** Total Change Increase

VAVA are no policy to changing the core business of the Company. The Company will continue to operate as usual. 2. VAVA agrees not to sell the newly issued ordinary shares (Silent Period) which receives

function related to business operation which, in the event that a service provider ceases to provide services, fails to continue operation or is unable to provide services appropriately, may affect the