Management 17  Digital Risk Management 18  Strategic Risk Management 19 3. Business Directions and Operations of Core Businesses 20 3.1 Sustainable Development and Corporate Governance 20 3.2 Business

sign to be worse. However, the Company will operate business without carelessness by drawing attention to the risk factors in every directions. The executing has prepared carefully to the any occurrence

Directions The outlook of the country in 2019, the forecasted GDP is at 4.0%, which is lower than forecasted GDP in 2018 at 4.2% due to the world economic slow down which is impacted by the slow down of

Directions The outlook of the country in 2019, the forecasted GDP is at 4.0%, which is lower than forecasted GDP in 2018 at 4.2% due to the world economic slow down which is impacted by the slow down of

system to meet the demand of the customers. Q1/2018 Market environment and Directions in 2018 In terms of the situation in the power industry for the year 2018, the Energy Regulatory Commission (ERC

the year 2020, EGCO sets investment directions to expand the investment from the existing core business in power generation to fuel supply business and smart energy solution business in order to

ESG100 for 2 consecutive years. Financial Performance Project UpdatesExecutive Summary Q2/2017’s Economic conditions and market environment and Q3/2017’s directions Significant events in Q2/2017 GLOBAL

company. Q3/2017 Market environment and Q4/2017’s directions 3 Significant events in Q3/2017 • Interim dividend payment from the first half of 2017 operating result On 15 August 2017, GPSC’s Board of

important step of GPSC in becoming future system integrator. Directions of power industry and GPSC in 2018 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 5

College of Management, Mahidol University, from Minister of Science and Technology. Significant Events in Q3/2018 4 Q4/2018 Outlook and Business Directions As of Q3/2018, Thailand’s GDP was at 4.6% for 2018