in 2017 already. Thus, there was just small progress can be realized in 2018. This resulted in decrease in gross profit for Baht (53.23) million. 2. Management Service (“MS”) had a decrease in gross
performance after the acquisition of GLOW including Independent Power Producer (IPP), Small Power Producer (SPP) and Very Small Power Producer (VSPP) and Others. For Q2/2019, the adjusted net income was at Baht
future growth plans. In terms of the progress on Tender Offer of Glow Energy Public Company Limited (GLOW), after the company have completed the Mandatory Tender Offer from GLOW which ended on the 22nd May
and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC
future projects. In terms of the progress on Delisting Tender Offer of GLOW, the process was completed on 2 December 2019 and GLOW has been delisted from being listed on the Stock Exchange of Thailand on
million following the progress of EPC work. Revenue The revenue of Very Small Power Producer (VSPP) and others was at Baht 138 million in Q1/2019, which decreased by Baht 26 million or 16% from Q4/2018, and
% construction progress) 4. GLOW SPP Replacement Project According to the Energy Regulatory Commission (ERC) announced the purchase of electricity from Small Power Producers (SPP) for firm under the category of
relevant to Asia as Asian capital markets continue to deepen and become more complex. As the Principles are outcome-based, they are adaptable to a number of country circumstances. Important progress has
Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects
on the calculation of transaction, this is considered as a small transaction. The company’s board of directors has approved the borrowing of money. Loan from Yunnan Water (Hong Kong) Company Limited