strategy that is based on three major pillars: topline growth, operational excellence, organization development. The “fixing the basics” program is nearly complete, resulting in upgrades of technical assets
which equal to 26.7%. The decreasing derived from the increasing in finance costs for the six-month period of 2021 due to loans addition for investment in new projects which in the process of development
from the Group continuing expansion and new project development. Finance costs Q2-2021 Q1-2022 Q2-2022 6M-2021 6M-2022 THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Finance costs 35.7 34.5 29.1 (15.7
development and recognition of the provision of damages from litigation case which the civil court ordered the sentence in the third quarter of 2022. Finance costs Q3-2021 Q2-2022 Q3-2022 9M-2021 9M-2022 THB Mn
project development. Furthermore, in the year 2022, the Group also recognised the provision of damages from civil case which the civil court ordered the sentence and loss from impairment of assets. Finance
employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project development and expenses related to the bidding of the projects for
expansion and new project development and expenses related to the bidding of the projects for procuring electricity from renewable sources of the government sector. In first quarter of 2023, the Group were
development and expenses related to the bidding of the projects for procuring electricity from renewable sources of the government sector. In first quarter of 2023, the Group were selected to participate in the
afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the
second quarter of 2017, Gulf TS1 and Gulf TS2 in the third quarter of 2017 and Gulf TS3 in the last quarter of this year, adding our Equity MW under operation, at the end of 2017, to 478.4 MW from 349.6 as