the cost of sales varies according to the increase in revenue while the Company’s subsidiaries cost of sales was increased due to its production could not utilized full capacity. (3) Gross profit The

or 36.71% due to the cost of sales varies according to the decrease in revenue while the Company’s subsidiaries cost of sales was increased due to its production could not utilized full capacity. (3

, world trade volume, global economy, and Thai exports to grow slower than expected As of December 31, 2018, the country’s contracted capacity in 3 power authorities system was 48,990 megawatts, 15,790

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity

Including other income and share of profit from investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs /3 Normalized Total Revenue = Total Revenue

capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in newly

increase the capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in

for producing of HRC to increase the normal capacity during off peak power usage in 4th Quarter of 2017. - Gain from debt restructuring was achieved of THB 734 million some portion resulting from debt

with EGAT with the contracted capacity of 1,220 MW and Electricite De Laos (EDL) with the contracted capacity of 60 MW for 29 years. The construction of the project has progressed 94.37% (The

shares with par value of Baht 1.00 per share for the allotment to VAVA PACK Company Limited under the private placement scheme. Therefore, the purpose of this capital increase is to expand the capacity of