of the Provincial Electricity Authority, the Construction project to improve the electricity distribution system to underground cables in Sisaket Province of the Provincial Electricity Authority, the

Project is a unit for the production of electricity and steam to be delivered back for use in the CFP, whereby the ERU Project will mainly use petroleum pitch, which is a by-product of the refinery process

revenue under Concession Agreements 5% Cost of Jan-Jun 2019 = 1,311.59 million Revenue of Jan-Jun 2019 = 2,360.75 million EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT

investors. Indeed, during this operation, the current management has also made plans to improve the factory and sell electricity as well. บมจ.0107537002109 บริษทั ดีมีเตอร ์คอรป์อเรชัน่ จ ำกดั (มหำชน) Demeter

P a g e 1 | 7 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets

(“7UP”)held on April 5, 2019, approved the acquisition of ordinary shares of Universal Waste Management Company Limited(“UWM” or the “Target”), formerly named Asia Recycle Holding Company Limited, by

raw water and electricity expenses which caused to the declining of 215.14 million Baht or 18.70% of the total cost. Gross profit, therefore; slightly decreased by 61.45 million Baht or 2.86% to

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business

Agreements 3% Cost of Jan - Jun 2020 = 1,251.02 million Baht Revenue Of Jan - Jun 2020 = 2,157.63 million Baht EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION

of Thailand Enclosure : 1. Financial Statements for the Second quarter ended June 30,2017 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed