of times. 51% stake in February 2020 (approximately USD 2.04 million or THB 61.2 million at the exchange rate of THB 30 per USD), 19% stake by mid-2021, and the remaining 30% within 1Q22. • Expand

Profit and 2) Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant costs in the Associates or Joint Ventures. The growth

because more contribution from subsidiary’s profit as the Company’s stake has increased to 98.31% from 53.93% in 1Q’18. Page 3 of 4 The consolidated profit before non-controlling interest in year 2018

and personal loan lead generator. 3. Income from insurance business in Q3/2018 wat 35.1 million baht which is the revenues from non-life insurance that the Company acquired a majority stake since Q2

shareholding in KTMS from 77.3 percent to 87.3 percent and Miss Kanchana Phongphatthanadecha has a stake in KTMS shall decrease from 18.7 percent to 8.7 percent in accordance with the Notification. For

33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities Business in 2019 was Baht

be blessed with opportunities and growth potential. This project is developed by the joint venture, in which CPN through subsidiaries holds a sixty-percent (60%) stake and I-R&D Sdn. Bhd. (“IRD”), an I

holds a sixty-percent (60%) stake and I-R&D Sdn. Bhd. (“IRD”), an I-Berhad wholly-owned subsidiary, holds a forty-percent (40%) stake. The investment was a RM 830 mn (or approximately THB 8,300 mn). This

to the Company’s existing shareholders to mitigate an impact on those shareholders after the Company’s stake in CAZ is reduced. The transaction is considered the disposition of assets in accordance

shares of Co-Mass Company Limited (“COMASS”) with total investment of THB 160mn, thereby increasing MACO’s stake in COMASS to 100.0%. As a result, MACO fully controls COMASS, allowing us to utilise