• Revenue from rental, services, common area fee, and utilities charges Q3/2019 Operating Revenue of Baht 2,421.5 million *Value may differ by one decimal point due to rounding error MANAGEMENT DISCUSSION

oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

economic growth slowdown affecting the demand for Diesel within India to decline tremendously, combined with a longer than usual Monsoon season. Gasoil and Dubai crack spread (GO/DB) in 2019 averaged at

station to pilot a project that bid purchase electricity with blockchain technology in a Smart Isolated Microgrid to serve buildings and retail outlets within the area to purchase low cost electricity en

sale of convertible bonds at lower market price” means an offer for sale of newly issued convertible bonds of which the offered price combined with the exercise price is within the scope of an offering

– when combined with the amount paid to the Financial Institutions Development Fund in compliance with this law, the Deposit Protection Agency and the Bank of Thailand as required by the law on improvement

the outbreak of COVID-19. However, when combined with the interim dividend payment for the first half of the year 2019 (January - June 2019) at the rate of Baht 0.50 per share, the total dividend

increased due to the acquisition of Saraburi Quicklime however Capex was kept in line with forecasts which is a major improvement year on year. Capex discipline is a key focus area and in 2019 capital

expansion plan to increase the service area and create a referral network to various regions. The Company aims to grow in revenue at the growth rate of 10 - 15 percent per year with proper profitability ratio