Q3/2023. Approval to Invest in Energy Recovery Unit (ERU) PAGE 5 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 Q1/2019 Outlook and Business Directions Executive Summary • From the acquisition of GLOW

. The SPP Replacement Project Stage 2 is under the feasibility study for further investment approval. PAGE 5 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 Business Directions in Q1/2020 Synergy from

: Base on 100% in GLOW Q2/2019 Outlook and Business Directions Executive Summary Note: The diagram shows the power generation capacity growth after merging with GLOW • After the acquisition of GLOW, the

FY2019 Business Directions in 2020 • On 31 December 2019, the company was able to recognize the synergy value from the acquisition of approximately Baht 76 million as a result of the financial management

Directions Executive Summary Note: The diagram shows the power generation capacity growth after merging with GLOW • After the acquisition of GLOW, the company has assessed the initial synergy between GPSC and