million x 3,540 days Enclosure Page 8 5,479 Days = Baht 951.06 million (2) Deducted by the benefits which the licensee had gained during the business operations as follows: (2.1) Subsidy for rental expenses

to the increase in revenue from sale of electricity following greater irradiation and an increase in other income not related to business operations. - Sales income SAAM Group’s income from sale of

term loan decreased due to increased cash flow from operations and provisions for employee benefits increased in accordance with an amendment of the Labor Protection Act. As of June 30, 2019, Net

capacity during Q2’18-Q2’19 from the commercial operations of 12 projects (2 SPP projects, 7 solar projects in Thailand, one hydro power project in Laos and 2 solar projects in Vietnam), 2) the acquisitions

. Cash surplus increased by 11.39mb or 10.2% due to our cash flow generated from operations and good working capital management. (b) Total Liabilities Total liability as of June 30, 2019 was 121.34mb

of 16.4% year-on-year, from Baht 260 million (after adjust exchange rate gain of Baht 45 million) to Baht 302 million. This improvement is largely attributable to increased earnings from operations

for the increase is due to higher trade receivables and cash on hand. Cash surplus increased by 11.39mb or 10.2% due to our cash flow generated from operations and good working capital management. (b

operations of listed companies involving related party transaction, type of assistance being financial support. The Company is required to seek Board approval to enter into the transaction, and accordingly

company and its subsidiaries (which has been terminated their operations). 2020 is the year that bring massive change of UWC as a consequence of the corporate and business strategy restructuring together

- Translation - Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc. / (Dec