Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

impact from TFRS 15 accounting standard, resulting in lower recognition of share of profit by THB 92.3 mm. However, this is merely accounting impact, not related to cashflow from operation. • Financial

, therefore, the Input VAT was higher than the Output VAT. Investments in joint ventures decreased by 24.5 MB or decrease of 34.2%, due to the recognition of share of loss from the joint venture Other non

decreased of Baht 2.55 million resulted from a decrease in recognition of share loss from associated company of Baht 2.55 million. Therefore, The Company would like to report the reviewed/audited operating

. In addition, the new winning projects had decreased. Investments in joint ventures decreased by 17.6 MB or decrease of 17.2%, due to the recognition of share of loss from joint venture ‘s performance

in prepaid maintenance expenses, which those had decreased with the period of service. Investments in joint ventures decreased by 25.4 MB or decrease of 24.8%, due to the recognition of share of loss

lower revenue, higher administrative expenses, and a recognition of share of net losses from investments by the equity method. The Company reported net loss of THB 23 million compared to net profit of THB

%. Share of Profit from Investments in Associates from Utility Business was THB (13.5) mm, due to the recognition from Share of Loss from SDWTP which started in November 2019 amounted of THB (14.3) million

during the first quarter of 2020 was THB (28.7) mm, due to the recognition from share of loss from SDWTP resulting from lower sales volume and the delay in the construction of pipeline expansion to

Company recorded a share of loss from investment in joint ventures & associates of THB 92mn. The recognition of share of loss was mainly from the severely impact from COVID-19 pandemic in Indonesia market