PowerPoint Presentation SYNERGIZING POWER & UTILITIES FOR THE GLOBAL FUTURE MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Management Discussion

as the rise of e-commerce and growing global supply chains, both of which limited the pricing power of domestic firms. As a result, Thailand’s nominal GDP increased by 6.3 percent, leveling at Baht

the result from new customers. Expenses 1. Cost of sales and hire of work totaling 175.25 Million Baht increased from the same period last year by 12.77 Million Baht or 7.86%. The primary cause is the

showed of 25.1% in the same quarter of last year. Excluding TBSP of 22.6% GP, Company’s %GP represented at 19.4%, primary by lower Gross Profit of High-Valued Document and Flexible Packaging. THB million

both the primary and secondary markets through digital asset business operators and securities companies.To ensure appropriate regulatory oversight and maximize public benefit, the SEC Board has resolved

ฝ่าฝืนกฎหมายอย่างร้ายแรง หรือมีผลกระทบอย่างร้ายแรงและมีนัยสำคัญได้นอกจากนี้ การปรับปรุงเกณฑ์ดังกล่าวข้างต้น จะมีขอบเขตการบังคับใช้กับทั้งบริษัทไทยและบริษัทต่างประเทศที่เสนอขายแบบ primary listing* และ

the regulations in both primary and secondary markets to suit the context of SMEs and alleviate unnecessary burdens imposed on them. For example, an application for approval, a financial advisor, and

digital asset issuance and offering in the primary market and the undertaking of digital asset businesses in the secondary market remains in compliance with the Emergency Decree on Digital Asset

quarter of 2017. The main reasons were as follows:- 2.2.1 The profit of Hongsa Power Company Limited ("HPC"), a joint venture, in a portion of 40 percent increased in the amount of Baht 432.85 million; as

per share, totaling transaction value of Baht 1,695 million (“The Acquisition”), and the authorization of directors and/or any person authorized to have power to determine and perform any procedure