CORPORATION PUBLIC COMPANY LIMITED SELIC: SELIC CORP PUBLIC COMPANY LIMITED SINO: Sino Logistics Corporation Public Company Limited SKN: S.KIJCHAI ENTERPRISE PUBLIC COMPANY LIMITED SSP: SERMSANG POWER

26 February 2020 At: ACC/HO 003/63 Re: Management Discussion and Analysis for the year ended 31 December 2019 To: President The Stock Exchange of Thailand Thailand’s economy grew more slowly than

Microsoft Word - MD&A_E Q2_2562 Management Discussion and Analysis: MD&A 1. Company Situation As the Company has invested in building a new secure landfill for non-hazardous waste since the end of

from disposals of real estate 862.7 98.3 1,986.7 80.3 1,124.0 130.3 Revenues from project management - - 408.5 16.5 408.5 100.0 Other income 15.2 1.7 78.5 3.2 63.3 416.1 Total Revenues 877.9 100.0

84.3 3,588.4 177.3 Revenues from project management - - 603.7 9.1 603.7 100.0 Gain from transfer of right for land purchase and sale agreements - 312.0 4.7 312.0 100.0 Other Income 30.2 1.5 129.0 1.9

power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited

power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited

power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited

well as the persons who commit offenses as prescribed by the acts/royal decrees under the power and duties of the SEC Office. 1. Personal data collected by the SEC Office: The SEC Office collects the

power of control” means any shareholder or any person who, by circumstances, has significant influence over the policy making, management or operation of a business, whether such influence is resulted