and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 2 2. Operation performance according to consolidated financial statement Unit : Million Baht 2018 2017 Revenue from sale and rendering of

. In terms of proportion to total revenues, operating and administrative expenses represented 42% of total revenues. Considering the Company’s separate financial statement, the operating and

130.27 million Baht or 18.32% compared to Q2/2017 Income statement (MB) For the three-month period For the six-month period Q2/2017 Q2/2018 YoY % 1H/2017 1H/2018 YoY % Total Sales and Services revenue

from an increase in administrative expenses and oversea business expansion. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues

EXAT. Therefore, the subsidiary has not yet recorded such transaction in the financial statement of the third quarter of the year 2018. Overview Operational Results In the third quarter of the year 2018

were executed on July 20, 2018 for the abovementioned ETB. Consequently, as a result of the abovementioned ETB, the company’ s consolidated financial statement as ended September 30, 2018 then recorded

Baht, decreased by 117.60 million Baht or 11.78%. Income statement (MB) For the three-month period For the nine-month period Q3/2017 Q3/2018 YoY % 9M/2017 9M/2018 YoY % Total Sales and Services revenue

following details. Financial performance Statement of income Consolidated financial statements for the year 2016 2017 Change (Audited) (Audited) Increase (Decrease) THB Million % THB Million % THB Million

has not submitted a financial statement since 2017. The Board of Directors has considered that this transaction is reasonable and beneficial to the Company as the purchase price of the rights under this

operating results dated December 31, 2019 according to the audited financial statement, significant information is as follow: Aukkarawat power plant (unit: thousand Baht) 31 December 2019 (audited) 31