when there is higher power and utility demand when the companies under PTT group such as Thai Oil Public Company Limited and PTT Global Chemical Public Company Limited expand. This marks an opportunity

progress reached 91%. The project is due to complete in 3Q19. • In February, the Company partnered-up with HKL (Thai Developments) Limited, a subsidiary of a global developer Hongkong Land Holdings Limited

Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from

Company Limited (TPN) (EGCO holds a 44.60% ownership interest). The project connects the Thai Petroleum Pipeline Co., Ltd (Thappline) Terminal in Saraburi to TPN's owned terminal with storage capacity of

COMPANY LIMITED WACOAL: THAI WACOAL PUBLIC COMPANY LIMITED WAVE: WAVE ENTERTAINMENT PUBLIC COMPANY LIMITED WGE: WELL GRADED ENGINEERING PUBLIC COMPANY LIMITED WHA: WHA CORPORATION PUBLIC COMPANY LIMITED

Registered under the law Thai Law Registered Capital THB 50,000,000 Par Value THB 1,000 per share Shareholding Structure As of 31 December 2015, the shareholders of Mahachai Steel Center Company Limited

Award (Investor Relation) for Dr. Toemchai Bunnag, Best Investor Relations Company and Best Environmental Responsibility. GPSC is the only Thai power and utility company that was awarded the prizes. This

% of shares, PTT Global Chemical Public Company Limited holds 22.73% of shares, Thai Oil Public Company Limited holds 8. 91% of shares, Thai Oil Power Company Limited holds 20.78% of shares and 24.77% of

enter an expansion phase again. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2020 3. Financial highlights (based on Thai FRS) Q2 2020 Income statement

global economy affected by COVID-19 still impact the Thai economy, however the Company still aims to deriver sustainable return to its shareholders. The Company, therefore, monitors and assesses risk from