Writer Ref. No. 151/2561 10 August 2018 SUBJECT : Management Discussion and Analysis ending 30 June 2018 ATTN : President of the Stock Exchange of Thailand The Company realized profit for the second

expenses 74 58 17 29% 129 107 22 20% Administrative expenses 55 31 25 80% 84 59 25 42% Profit (loss) of the period 145 150 (5) -3% 147 149 (1) -1% Profit (loss) attributable to Equity holders of the Company

225.26 Million to see a Gross Profit of 18.54% while in the same period of last year to Baht 211.64 Million and 12.69 % respectively. The significant increase of gross profit in the second quarter of 2018

of BKD’s Board 8/2018 on November 8, 2018 has been approved the financial statements for the three months ended 30 September 2018, The Company net profit of 29.04 million baht increase 39.23 million

year due to the profit realized from the biomass power plant project 7.5MW of Prize of Wood Green Energy Co.,Ltd., invested by Safe Energy Holdings Co.,Ltd., started the commercial operation date on

agreement was 12.67 million Baht. 5. In conclusion, for the 3nd quarter of year 2018, the company had net profit 36.85 million Baht or 0.37 Baht per share. In conclusion, the company’s operating results for

declined yoy whereas revenue per head remained on the rise. The increase of revenue per head was Operation : Consolidated Profit & Loss Statement 3Q 3Q % 9 mth 9 mth % Unit : THB million 2019 2018 change

30, 2019, in order to disclose as the information to the investor and public. For the quarter 3/2019 performance ended 30 September 2019, the company has a net profit of 20.11 million baht, compared to

the review of consolidated interim financial statements of the Group and the interim financial statement of the Company for the period ending September 30, 2019. The results shows net profit of Baht

173,892 91.30 Income from Sevice 60,291 107,527 (47,236) (43.93) Cost of Sale of Goods (244,903) (151,506) 93,397 (61.65) Cost of Service (34,589) (59,328) (24,739) 41.70 Gross Profit 145,153 87,155 57,998