Inside brokers Weikai Li, Abhiroop Mukherjee, Rik Sen WHO SHOULD REGULATE INVESTMENT ADVISERS? Ben Charoenwong* National University of Singapore Alan Kwan Hong Kong University Tarik Umar Rice

Company Limited (“the Company”) held on September 22, 2020, it was resolved that the Company enter into a connected transaction of the contract of land lease with factory building at Bangpoo plant and the

Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash

estimated depreciation life of SAAM-SP1 power plant from 20 years to 25 year since 2017 onward, to be in line with the useful life of assets. For the year 2016 and 2017, the Group Company presented gross

operation date : 18 August 2015 Concession life : 20 years 2) Shima Solar Power Plant Location : Oyabe City, Toyama Prefecture, Japan Contracted capacity : 1.25 MW Installed capacity : 1.43 MW Feed-in Tariff

Prefecture, Japan Contracted capacity : 0.50 MW Installed capacity : 0.65 MW Feed-in Tariff (FiT) : 36 JPY / kWh Commercial operation date : 18 August 2015 Concession life : 20 years 2) Shima Solar Power Plant

cash paid-in for share capital increase of subsidiary in China during late of September. In addition, property, plant and equipment increased by Baht 78 million which were new machines that ordered since

Concession life : 20 years 3) Hikeme Solar Power Plant Location : Fukui City, Fukui Prefecture, Japan Contracted capacity : 1.50 MW Installed capacity : 1.86 MW Feed-in Tariff (FiT) : 32 JPY / kWh Commercial

Contracted capacity : 0.50 MW Installed capacity : 0.65 MW Feed-in Tariff (FiT) : 36 JPY / kWh Commercial operation date : 18 August 2015 Concession life : 20 years 2) Shima Solar Power Plant Location : Oyabe

, property, plant and equipment increased by Baht 76.42 million which was new machines that ordered since last year but the shipment delayed until the early of this year and there was some capital expenditure