Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a

in personnel management and investment in the company very well as individual or / or institutional investors. according to the announcement of the related transaction, in the event that investors

margin (%) 22% 28% 26% (2%) 4% 26% 28% 2% Net profit margin (%) 8% 5% 6% 1% (2%) 14% 6% (8%) Adjusted Net Income margin (%) 8% 7% 8% 1% 0% 14% 8% (6%) Executive Summary PAGE 2 MANAGEMENT DISCUSSION

water and electricity sales of CHPP and the increase in revenues from Ichinoseki Solar Power 1 GK (ISP-1). PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 Executive Summary Q1/2020 Significant

”, “associate company”, “connected person”, “executive”, “major shareholder”, “controlling person”, “person who may have a conflict of interest” and “consolidated financial statements” shall have the same meaning

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due

legally qualified, to take part in the management and administration of the Company. Therefore, it is an investment with the intention to hold the shares of the Company in a long run, rather than to

") Volunteers Foundation Network of Communities for Disaster Alerts and Warnings Project. The aim is to actively assist communities in sustainable water management and enhance the efficiency of disaster