(UNOFFICIAL TRANSLATION) Codified up to No. 4 As of 8 December 2016. Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

, resulting from the Company has increased distribution channels to export content that the Company only sold in Thailand in the past. Moreover, there was increased sales, mostly Indian and Philippines content

decreased was mainly from GHECO-One Power Plant operated only 48 days mainly due to scheduled major maintenance resulted availability of power plant decreased from 91.2% in 1Q2018 to 50.3% in 1Q2019

aqgreement with the customer, there is only one customer in this period. At the present, the management of the subsidiary is in the process of revising the agreement in order to improve the operating results

to increase, therefore only the normal product sales Commercial and residential (B2) Revenue from this segment increased by Baht 3.97 million or 6.39 % compared to the same period of last year. Mainly

); significantly decreased by 95% as compared to Q1 2018 of 147 million Baht. The significant decrease was primarily due to the transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of only 2

area could be developed and improved into the center of transportation and logistics, cultural tourism and important processing industry of the country. As a result, the Company has an idea of developing

, while personal expense of the Company increased by only 5% y-y. In terms of proportion to total revenues, operating and administrative expenses represented 42% of total revenues, which is the same level

-o-y) and 2.0%(y-o-y) respectively with consequences to the growth of tourism industry of Thailand. During the passengers who travel through BKK and DMK were 53.5 million passengers, increasing by 1.5

on the exchange rate of 1 USD = Baht 30.980 as at 26th July 2019, and this rate will be used as reference only and will be used throughout this document 4 The combined production capacity of the