economy continues to grow steadily despite a decline in export growth, primarily driven by a slowdown in global economy growth. Growth to the Thai economy is attributed to a number of factors, namely 1

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

months of 2020. Meanwhile, there are still demands from more than 1,000 potential clients in industrial estates at sites which are already in operation or under development. Well-planned FX strategies The

decline in September 2.) growth in private consumption supported by higher household income in various sectors, including agriculture, and recovering consumer confidence, whilst inflation level also grew

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is

benefitted with the consolidation of high performance Rayon tire-cord business ‘Glanzstoff’ but the overall earnings were negated due to planned maintenance shutdown at the flagship site in Indonesia. 3 In USA

. In addition, there was the planned maintenance shutdown from Glow Energy Power Plants. With regards to the operating result in Q4/2019 compared to Q4/2018, the Company’s EBITDA increased by Baht 3,225

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

11.77 (587.5) (10.6%) 6,713.8 14.30 (1,785.0) (26.6%) Breakdown of sales revenues by business group Product Group 2017 2016 2015 Revenue % Revenue % Revenue % Power Electronics Group 36,672 74.4 33,481

Quarter ended March, 2019 were severely impacted by production disruptions resulting from breakdown of critical gear and transformer which resulted in an unexpected prolonged Shutdown. While breakdown of