& Analysis (MD&A) Q3/2017 Management Discussion & Analysis For Q3/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 888 million, increased by Baht 73 million or

) for the Year Loss was 465.5 MB, an increased by 282.4 MB or 154.2% y-o-y, due to the last year the Company had gain for disposal of assets 17.3 MB and gain on temporary investment 32.1 MB while the

of AEON Thana Sinsap (Thailand) Plc. No. 3/2018 held on March 20, 2018 had a resolution of the connected transaction as follows: Date of agreement: Company Date of agreement ACS Capital Corporation

opinion of the Board of Directors of the Company, and none of the Director had the different opinion or abstention. 2. Appointment of Director replace the directors that were resign before the end of term

, or 5.2 % increased from Q1/2017 in Baht 34.5 million of which Baht 672.2 million was revenue from sales. The Company had successfully recorded a sales growth of Baht 30.3 million, or 4.7 % year-over

in the previous year. The Company would like to clarify the reasons for the change in profits for 2018 compared to the previous year, as follows: 1. Revenue In 2018, the Company had total revenues, as

. The Company had shareholders’ equity of Baht 1,184.26 million as at December 31, 2018, a growth of Baht 1894.74 million or 309.04% from that of Baht 289.52 million as at December 31, 2017, driven mainly

6.3 % increased from Year 2018 in Baht 175.5 million of which Baht 2,869.8 million was revenue from sales. The Company had successfully recorded a sales growth of Baht 162.2 million, or 6.0 % year-over

investment in subsidiary of 12 million Baht and allowance for doubtful accounts of 2.78 million Baht. The fluctuation of CPO price mentioned above had reflected the Company's business operation in the

the reviewed Financial Statement for the Quarter 3/2019 ending 30 September 2019 which had been reviewed by Certified Auditor and has been approved by the Board of Director. Food and Drinks Public