for the operation of the machinery in the ERU and all related maintenance of the ERU Project. The scope of services includes the management, operation, and maintenance of the ERU Project, including

Cannot be calculated Profit Cannot be calculated Consideration value 190.86 MB (Project cost*49%) 1,536.12 MB (Total asset of the Company Y2017) 12.42% Share capital Cannot be calculated tel:02-455-2888

V2 24/08/60 09:22 น. 0 V2 24/08/60 09:22 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Thai Economy in the Second Quarter of 2017 The Thai economy in the second quarter

’ equity 879.79 2,175.73 2,613.16 Total revenues 521.26 1,495.33 188.20 Total expenses 462.24 1,312.85 112.08 Finance cost 0.45 5.59 9.55 Income tax - 29.48 - Equity 58.57 147.41 66.57 5. The total value of

not executive management or controlling shareholders from the past until current and shall not be after the acquisition of SEL. Thus, such transaction is not considered as a connected transaction

[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

rental 12.00 Design and exploration cost 5.00 Construction cost - Buildings and infrastructure 38.37 - Machines and system 109.63 - Pipeline 66.94 7. Source of funds The investment in the 3 projects

Utilities Business consists of Excessive Charge for additional Utilities demand and Service Fees for Wastewater Management. 3 Gross Profit from Operation excludes Other Income from Utilities Business. 4 Other

(Cambodia) 0% 0% 0% IC (Thailand) 33% 33% 34% IC (China) 4% 5% 6% HTI (USA) 4% 5% 5% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis Gross Profit decreased by THB

of the staff cost resulting from the increase of minimum wages and the employment due to the branch expansion, as well as the increase of the rents of the existing branches and new branches. Net Profit