installed power generation capacity of 9.9 MW. The contract period is 20-year agreement. Commercial Operation Date (COD) of Municipal Solid Waste (MSW) Power Plant in Krabi Municipality, Krabi Province On 28

Million Baht, accounting for 58.60% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract

: million Baht 30-Jun-20 31-Dec-19 Total Assets 25,964 26,400 Total Liabilities 10,049 9,219 Total Equity 6,204 7,014 Minority 9,711 10,168 Gr ou p Gr ou p HR C Gr ou p Management Discussion and Analysis

Performance Dec. 31, 18 Dec. 31, 17 Increase (Decrease) Million Baht Million Baht Million Baht % Total assets 379.77 422.27 (42.50) (10.06) Total liabilities 98.80 100.70 (1.90) (1.88) Shareholders’ equity

. Shareholder’s equity The Company’s shareholders equity as of the year end 2018 and Q3/2019 amounted to THB 757.2 MB and THB 750.3 MB respectively. A decrease in shareholder’s equity amount to THB 6.9 MB from net

% respective of the total liabilities. The decrease for long term loan in year 2018 due to gradually paying off some balance of debt from the finance institution. Shareholder’s equity The Company’s shareholder’s

2019 due to gradually paying off some balance of debt from the finance institution. Shareholder’s equity The Company’s shareholders equity as of the year end 2018 and Q2/2019 amounted to THB 757.2 MB and

102 million and Baht 14 million in quarter 1 2020 and 2019, respectively. The details are as follow; 1. Loss from financial derivative of forward contract and forward option in quarter 1 2020 and 2019

) Total assets 649.62 648.58 (1.03) -0.16% Total Liabilities 99.83 77.56 (22.26) -22.30% Total Equity 549.79 571.02 21.23 3.86% Total assets Total assets were mainly consisted of cash and cash equivalents

606.12 598.42 (7.70) -1.27% Total liabilities 73.57 63.94 (9.63) -13.09% Total equity 532.56 534.48 1.93 0.36% Total assets Total assets were mainly consisted of cash and cash equivalents and trade and