price competition and sale volume as well as Baht appreciation which leads to slow down in exporting thus revenue from sales of electricity and thermal energy declined due to shut down of machine for

(“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the first quarter ended 31 March 2019, which changed in revenue and net profit compared with the

sales was 1,711.86 million Baht or at 95.29% of revenue from sales which increased from 93.65% of year 2017 due to higher energy costs and product mix. 3. Selling and administrative expenses increased

632% by compared with the net profit at 47.13 million baht same period at last year. The changing over than 20% from the main causes as follows: 1. Revenue from the sale of 1.30 increase 1.10 million

increase 240.90 million baht or 855% by compared with the net profit at 28.16 million baht same period at last year. The changing over than 20% from the main causes as follows: 1. Revenue from the sale of

November 13, 2019 Re : Management Discussion and Analysis for Q3/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

are as follows; Operating Performance 1. Revenues Unit: Million Baht In general, the Company could generate revenue from furniture business for 2nd quarter of Y2017 that was approximate by comparing to

projects, which can’t recognized fully revenue at the beginning of the projects. 4. Income of the Solar energy service (“SE”) decreased from an accident in short circuit, which had an impact on loss of 1 MW

energy in the form of Power purchase agreement (PPA), which according to financial reporting standards requires that revenue from sales be recognized in full. 1.4 Revenues from Trading amount 2.55 million

688.15 percent.  Revenue from sales and services in amount of Baht 1,074.78 million consisting: - Renewable Energy and Waste Management of Baht 580.15 million, increased from the previous year in amount