21.00 34.02% Administrative expenses 35.21 32.44 2.77 8.54% Financial costs 0.45 0.02 0.43 2,150.00% Share of profit (loss) of associates (0.17) (0.17) 0 0.00% Profit before income tax expenses 42.15

share capital increase of subsidiary in China during late of September. In addition, property, plant and equipment increased by Baht 78 million which were new machines that ordered since last year but the

cash paid-in for increase in share capital of subsidiary in China during September and October 2017. In addition, property, plant and equipment increased by Baht 67.89 million which were new machines

Margin (%) 11.5% 13.0% -1.5% SG&A expenses 465.7 409.8 55.9 13.6% Loss on exchange rate 153.4 237.0 -83.6 -35.3% Other expenses 71.8 -3.9 75.7 1960.5% Recycling of translation adjustments of an associate

% Profit (loss) before loss from allowance 149,195 (514,097) 129% 129,365 145,783 -11% margin 7% -21% 8% 9% Profit / (Loss) before interest and taxation (221,748) (2,202,353) 90% (500,440) (1,134,625) 56

Baht 4.6 million. 4 Gross Profit and Gross Profit Margin Q1-2021 Q1-2022 THB Mn THB Mn THB Mn % Biomass Power Plant 239.0 263.2 24.2 10.1% Natural Gas Power Plant 136.8 140.3 3.5 2.6% Municipal Solid

(34.09) -89.88% Share of gain on investments in associate 2.86 (1.44) (4.30) -150.28% 2.89 (1.61) (4.50) -155.77% Finance costs (0.07) (0.07) (0.00) 2.63% (0.13) (0.14) (0.00) 2.07% Profit before income

6.14 3.16 5,02 3.16 1.86 58.86 Adm inistrative Expenses a 4a 3.76 4.Ol .1-lO 0,86 22.87 Financial costs 0.14 0.07 0.08 0.07 0.01 14.29 Total Expenses 49.89 41.06 43.34 40.98 2.36 5.76 Profit before share

period last year. The company’s profit from continuing operations was THB 11,105 million, increased byTHB 3,571 million from the same period last year, and the profit margin for the year ended December 31

% Administrative expenses (6.43) (9.68) (3.25) 50.58% (19.23) (30.12) (10.89) 56.66% Share of gain of investments in associate 0.03 0.03 0.00 9.21% 0.06 0.10 0.04 73.41% Finance costs (0.07) (0.09) (0.02) 26.99