increase in the investments according to the additional paid up in the capital of GPSC’s associate, Xayaburi Power company Limited (XPCL), which is in the process of constructing a hydro power plant in Lao

Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 97.38% (The construction

last year ending 31 December 2016 We have committed ourselves to strategies that emphasized on building up strong fundamentals in order to drive our businesses towards a sustainable growth organization

portion of long-term lease liabilities from related party 45.4 34.3 11.1 Income tax payable 95.9 13.1 82.8 Unearned revenue 2,141.5 2,531.0 (389.5) Other current liabilities 2,122.2 2,152.1 (29.9) Total

liabilities 679.6 691.3 (11.7) Current portion of long-term lease liabilities from related party 45.4 34.3 11.1 Income tax payable 95.9 13.1 82.8 Unearned revenue 2,141.5 2,531.0 (389.5) Other current

enter into and execute any relevant documents and agreements; (3) to sign any applications, waiver applications and necessary evidence relating to the allotment of FVC-W3, which shall include

to 10.02 percent of total paid-up shares) (at the par value of THB 1 per share). In this regard, the Company summarizes the interest and benefit that Mahachai Group had received from providing

UNOFFICIAL TRANSLATION Codified up to No. 6 As of 26 July 2018 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

amount up to 22,078,584,468 shares, at a par value of THB 5 per share to M-Power, D-Sinchai, Mrs. Vanida, Mrs. Benjamas, New World Intermetal, Mr, Thanuchai, Superior and ACO I, at the offering price of

loss on exchange rate from trade payable. FINANCIAL PERFORMANCE 7 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE