V2 12/11/62 0 V2 12/11/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Third Quarter of 2019 The Thai economy in the third quarter of 2019

Company and its subsidiary will not change its Board of Directors. The group companies continue to be operated by current Board of Directors and Management. 2. The Board of Directors approved the

will not change its Board of Directors. The group companies continue to be operated by current Board of Directors and Management. 2. The Board of Directors approved the appointment of Silom Advisory

have a high volume of growth of industrial waste by utilizing appropriate waste management systems that comply with government rules and regulations. As a result, the Company foresees an opportunity to

continue the Corporate Group’s growth rate, along with effective cost management to maintain profit margin target.

distribution channel, as well as market expansion in both domestic and overseas to continue the Corporate Group’s growth, along with effective cost management to maintain profit margin target.

, Industrial Water Sales, and Wastewater Treatment Services. 2 Other Utilities Revenue consists of Excessive Charge, Service Fees for Wastewater Management 3 Gross Profit from Operation excludes Other Revenue

”) 4 PRACHIN Solar Company Limited (“PS”) 5 EPCO Green Power Plus Company Limited (“EPCOG”) 6 EPCO Energy Company Limited (“EPCOE”) 7 Aquatist Energy Company Limited (“AQT”) 8 Solar Power Management

, the company is providing assistance to Rajthanee-Rojana Hospital in all aspects such as financial support, management as well as marketing efforts to Rajthanee- Rojana Hospital, including the use of

consists of Raw Water Sales, Industrial Water Sales, and Wastewater Treatment Services. 2 Other Utilities Revenue consists of Excessive Charge, Service Fees for Wastewater Management 3 Gross Profit from