2019. These strengthen EGCO’s existing footholds in the Philippines and Lao PDR. - EGCO successfully signed Share Purchase Agreement to hold 25% stake in 640 MW Yunlin offshore wind farm in Taiwan

hedging at Baht 1.8 million. Other income from mold supplier, sales of scraps and obsolete equipment reported at Baht 3.2 million. Gross profit margin was dropped from 33.4% to 32.2% due to long aged

companies decreased by Baht 51.11 million, due to the recognized share of loss in the associate companies. - Land, buildings, and equipment were decreased by Baht 68.27 million because some were transferred

. - Investment in the associated companies decreased by Baht 8.19 million, due to the recognized share of loss in the associate companies. - Land, buildings, and equipment were decreased by Baht 15.15 million

expenses 8.85 24.29 (15.44) (63.56) Operational Profit 77.13 135.50 (58.37) (43.07) Share of profit (loss) of associate (31.02) (54.67) (23.65) (43.25) Net profit 46.11 80.83 (34.72) (40.31) - Operational

recognized share of loss in the associate companies. - Land, buildings, and equipment were decreased by Baht 9.93 million because the Company also invested Baht 7.05 million on equipment in Q1’22 and there

share of loss in the associate companies. - Land, buildings, and equipment increased by Baht 159.15 million, because of the investment of Baht 235.78 million in equipment and the depreciation during the

receivables in accordance with TFRS16. - Investment in the associated companies increased by Baht 6.51 million, due to the recognized share of profit in the associate companies. - Land, buildings, and equipment

-9320 1 Ref: PCL 2019/003 February 20, 2019 Subject: Management Discussion and Analysis Yearly Ended 31 December 2018 To: The President of the Stock Exchange of Thailand Panjawattana Plastic Public

-4124 MMS-AC62/004 February 22, 2019 Subject Management discussion on 2018 operating results To The President of Stock Exchange of Thailand For 2018 operating performance, which was audited by the