value of Baht 100 per share, representing 30.00 percent of the issued and paid-up capital of UWM at a price of Baht 25 per share (25 percent of the par value) with a total value of Baht 33.75 million

understand the Company and its subsidiaries’ 2018 audited financial statements. An Analysis of Performance * Analysis of Income The Company and its subsidiaries recorded the total revenue of 20,171 MTHB of

understand the Company and its subsidiaries’ 2017 audited financial statements. An Analysis of Performance * Analysis of Income The Company and its subsidiaries recorded the total revenue of 19,403 MTHB of

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73

“CFP”) of Thai Oil Public Company Limited (“Thai Oil”); to accept the transfer of ownership in the ERU Project from Thai Oil, with a total value of not exceeding USD 757 million (which is equivalent to a

Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Page 1 Executive Summary Unit : Million baht 2019 2018 2019 2018 Total revenues * 3,669.65 3,819.56 (149.91) (3.9) 12,071.86

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 9 months ended September 2018, East Water Group had total consolidated sales and services income of 3,170.91 million Baht, decreased by 97.23 million

executed the Share Purchase Agreement with the existing shareholders of Akkrawat Crop Rotation Energy Company Limited (“Akkrawat”) in the amount of 25,000 shares, representing 50 percent of the total

projects for procuring electricity from renewable sources, specifically ground-mounted solar energy, for a total of 18 projects, with the total power purchase agreement capacity of 112.73 MW. Finance costs

% Total revenues 1,139,729 100.00% 760,434 100.00% 379,295 49.88% Cost of sales (748,650) 65.69% (434,886) 57.19% (313,764) 72.15% Cost of services (87,901) 7.71% (61,422) 8.08% (26,479) 43.11% Selling