investment 564 - N/A N/A Doubtful debts (reversal) 508 -1 508 -92825% Loss on impairment of investments 11 - N/A N/A EBIT before share of profit from investment in associates and joint venture 237 1,405 -1,168

1) Announcement of RML big lot of 375mn shares, selling from Country Group Holding Plc. to Mr. Jirawut Kuvanant at average price of THB 1.20 per share. The changes of the shareholders did not affect

more of the following shareholders hold its share in the amount not less than fifty percent of the total number of shares sold: 6 (a) legal entity under (2), (3), (4) or (5); (b) company holding shares

of the Company holding 99.99 percent of the Subsidiary’s registered capital. Sellers : Existing shareholders of Leyland Company Limited (the “Sellers”). Relationship with the Company : The Sellers do

Microsoft Word - MD&A Y2018 _E_ - Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended December 31, 2018 Management Discussion and Analysis For

consummation of the Share Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to 32.5 percent of the registered capital. Share Acquisition Transaction is

ordinary shares of the Company at an offering price of Baht 7 per share, to re-negotiate the conditions of investment in S- TREK shares with the Company, since such offering price of Baht 7 per share which

foreign company. “holding company” means a foreign company whose core business is holding shares of other companies and none of significant manufacturing, distribution or service. “Thai company” means a

MD&A Q3Y2017 _E_ 13.11.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Management Discussion

MD&A Q3Y2018 (E) - 13.11.18 Ratchabur i Electr icity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Per iods Ended 30 September , 2018 Management