บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2018 Ended September 30, 2018 Note: This Management Discussion and Analysis (MD&A

of the previous year. The increase is owing to the increase in the profit of Hongsa Power Company Limited, a joint venture, in a portion of 40 percent. In addition, the acquisition of RATCH

from the rainy season in 3Q but continued to benefit from increasing tourism-related usage and efforts to uplift the ARPU. The competition stabilized since the beginning of the year while operators are

insurance company under the law on life insurance; and (4) a financial institutions established under a specific law. Clause 4.7 Without the limitation or restriction to the power of the Board of directors of

be served adequately. At the same time, OSP continues to build its functional drinks seeding products launched last year in e-commerce channel, including Slimma, a block and burn drink that contains

billion with 10-year tenor which is the longest tenor WHAUP ever issued. 2. RESULTS OF OPERATION (Unit : Million Baht) Consolidated Financial Statements 1Q'20 1Q'19 % Change Total Revenue 430.3 459.4 -6.3

announcement regarding the execution of long-term Power Purchase Agreements with Electricity Generating Authority of Thailand (“EGAT”) dated 31 August 2020. The total investment value for the Transaction is

from that of the same period of last year. Major Developments in 9M17 • Approved in the EGM 1/2016, in 1H17 the Company acquired 60% stake in NVD, previously called Daii Group Plc. (‘DAII”), through the

Thonglor, which will be launched in 3Q19. Another luxury residential project in Ratchathewi area will also be launched within this year. For recurring income project development which the first major project

THB 3,482.21million. Increased in THB 34.56 million or by 1.0% from year end of 2018 which were THB 3,447.66 million. The major change comprised of increase in trade and other receivables of THB 24.32