activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various

information to the Stock Exchange of Thailand pursuant to the Regulations of the Stock Exchange of Thailand Re: Rules, Conditions and Procedures Governing the Disclosure of Information and Other Acts of a

Management Discussion and Analysis for the Year 2019 1. Operating Results (Company and Subsidiaries) Consolidated revenue for year ended 2019 of both treatment of industrial waste business division

Management Discussion and Analysis For the Annual Operating Results 2017 Ended December 31, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

/223 The money borrowing of the REIT by any means shall not have the following characteristics: (1) having an agreement and conditions in the same manner as the requirements of a perpetual bond; (3

and/or Chief Executive Officer to be empowered to consider and determine other details in relation to such allocation of the newly issued ordinary shares, for example: (1) To determine conditions and

1 Ref : JSP/18/02/03 28 February 2018 Subject : Report the operating result for the year ended December 31, 2017 To : The Director and Manager The Stock Exchange of Thailand J.S.P. Property Public

optimal level yet. Therefore, cost per unit was higher at this point, which should continue to impact the Company’s performance for the short term. However, the Company’s operating performance is expected

1,748mn and 273mn, respectively. Our robust operating and financial performance are a direct reflection of successful implementation of digitalisation strategy, strategic acquisitions as well as the

Company”) would like to announce the operating results for the year ended December 31, 2018, which has been audited by an auditor as follows: Unit: Million Baht CONSOLIDATED FINANCIAL STATEMENTS For the