ที่ FPI Ref. FPI.002/2019 21 February 2019 Subject : Management Discussion & Analysis of Performance Results Of the Year Ended 31 December 2018 To : Board of Directors and President of The Stock

ที่ FPI Ref. FPI.006/2019 10 May 2019 Subject : Management Discussion & Analysis of Performance Results of Quarter 1/2019 To : Board of Directors and President of The Stock Exchange of Thailand

ที่ FPI Ref. FPI.024/2018 12 November 2018 Subject : Management Discussion & Analysis of Performance Results of Quarter 3/2018 To : Board of Directors and President of The Stock Exchange of Thailand

markdown of about 1.8% of sales. Cost of Sales and Gross Profit The gross profit margin in 1Q19 of 21.1% declined Q-o-Q and Y-o-Y due to the effect of an annual selling price adjustment, a change in foreign

Page 1 of 4 No. RJH – SET 3/2018 26 February 2018 Subject : Management’s Discussion and Analysis for the fourth Quarter of 2017 and year ended December 31, 2017 To : The President The Stock Exchange

million baht, decreased 73.7 million baht or 44.5 percent compared to current liabilities as of December 31, 2017. The major change was mainly from the decreased of short-term loans from financial

milion from SDWTP due to the delay of planned volume ramp up was recorded in 1Q2020. The details are shown in the table below. (Unit: Million Baht) Utilities Business 1Q'20 1Q'19 % Change Revenue from

. RESULTS OF OPERATION Consolidated Financial Statements 1Q2019 1Q2018 % Change Total Revenue 459.4 422.0 8.9% - Utilities Business 458.0 422.0 8.5% - Operating Revenue1 431.2 420.6 2.5% - Other Utilities

the 3rd Quarter 2019. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from several

recorded in order to more accurately reflect the value of financial assets. -3- Summary of Operation for Q4-2022 Outstanding by Quarter Change Topic Q4 – 22 Q3 – 22 Q4 – 21 Q4 – 22 VS Q3 – 22 Q4 – 22 VS Q4