Baht 4.22 million. In addition, the Company’s subsidiaries’ expenses of employees were Baht 4.13 million but its subsidiaries has not yet started its operations. (6) Share of profit (loss) from

debt increased for working capital, while the long-term loan decreased due to increased cash flow from operations and as the Company repaid long-term loans in advance. As of June 30, 2018, Net Interest

/2017 in amount of Baht 1.87 million or 34.25%, the increasing came from interest expense of issue debenture, loans for use in business operations and the lending to invest in water management project. 9

compared to same period of previous year which had profit of 0.13 Million Baht by following details: Analysis of results of operations (1) Income In Quarter 2-2018 the company and its subsidiaries has total

institutions for operations. - Trade and other payables decreased by Baht 3.03 million, because the Company paid packages and raw materials. - Liabilities under financial lease agreements increased by Baht 70.71

unrealized loss related to foreign currency exchange. Net profit attributable to equity holders improved significantly by 24.3% compared to last year, driven by increased earnings of operations attributable to

net cash flow comes from (Used) operations in the total amount 18,144,624.52 baht. 9.Board of Directors’ opinion The Board of Directors has considered the reasons and necessary. Resolved that such

Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2020 (Unit : M ill ion Baht) 2020 2019 Inc. / (Dec.) % (Re st at

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 30 June 2020

COVID-19 to the operations and sales especially in the second quarter as above mentioned. 2. The Company had total expenses of Baht 86.95 million, increasing by Baht 32.83 million mainly due to the