decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the

could be attributed to a decrease of Baht 221 million, or 2.08 percent in impairment loss on loans and debt securities and an increase of Baht 835 million, or 2.13 percent in net operating income which

Baht Power Generation Others Total Increase/(Decrease) Quarter 3 Quarter 3 Quarter 3 Quarter 3 2020 2019 2020 2019 2020 2019 Amount % Total Revenues 9,618 10,576 212 143 9,830 10,719 (889) (8%) Total

in 2016, or 20.57% increased. The rate of increase is less than the increment rate of company’s revenue; therefore, SG&A/revenues decrease from 12.56% in 2016 to 11.45% in 2017. 3. Financial Expenses

for the three-month period of year 2018 and 2017 Unit: Million Baht Q1’2018 Q1’2017 Increase (Decrease) % Change Sales income 14,874.75 14,270.69 604.06 4.23% Rental and service income 499.08 481.06

from THB 20.9 Mn in 2016 to THB 20.1 Mn in 2017, a decrease of THB 0.8 Mn. This was mostly due to the losses from recently acquired Thai food business “Tummour” and premium Japanese food brand “Sushi Cyu

year ended 31 December 2019 and 2018 were THB 187.28 and 196.57 million respectively. Administrative expense decreased by THB 9.29 million or 4.73%. This is because of a decrease in common area fee which

6.28% with costs of sales and services of ฿ 542.68 million, a ฿ 61.63 million or 10.20% decrease. Despite decreasing of income from sales and services, costs of sales and services have also decreased by

the same period of 2016 ( while utility service income increases) , is attributable to the decrease in central infrastructure maintenance expenditures during this period. ▪ An increasing participating

same period of last year. This is result from the world steel price trend increasing from the same period of last year. 3. Administrative expenses were Baht 74.83 million, decrease Baht 5.85 million or