that of 2019, as specified in the Power Purchase Agreement. In addition, the Combine Cycle Power Plant unit 3 had planned maintenance shutdown (Major Overhaul) from June 7 to July 28, 2020. (2) Revenue
portion is derived from valuing the Power Purchase Agreement (PPA) of Baht 37,594 million. The fair value recognition of net assets acquired from GLOW will be amortized yearly. The amortization of PPA will
Section 112 Securities and Exchange Act B.E. 2535 Section 112. In operating the business of securities brokerage, a securities company shall enter into a written agreement with the customers who
recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement
acquisition completion on 26 March 2020 and increased revenue from electricity sales of Ichinoseki Solar Power 1 GK (ISP-1) due to higher light intensity than in Q2/2019. Besides, other income of Combine Heat
did not affect the Company’s managements and operations. 2) Announcement of joint venture agreement with Tokyo Tatemono Asia Pte Ltd. (“Tokyo Tatemono”)to jointly develop 2 luxury condominium projects
from Ichinoseki Solar Power 1 GK (ISP1) and the decrease in revenue of solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) following the existing projects. The
million mainly due to the decreased in revenue from Combine Heat and Power Producing Company Limited (CHPP) by Baht 19 million as a result of the lower revenue from solar cell implementation; despite the
1 -Translation- No. ECF2 046/2562 24 December 2019 Subject: Report of Resolution of Board of Directors' Meeting Re: (1) Disposal of Rights under Loan Agreement, Pledge Agreement and Memorandum of
agreement periods that the company obtains the benefits. Note: 1. In the first quarter of 2019, the company has changed the classification of operating income and cost of sales resul ting in the operating