and Managing Director 4. Summary of financial statements of VAVA Statement of financial position Unit : Million Baht Items Statement of financial position 31 Dec 14 31 Dec 15 31 Dec 16 Assets : Current

Global Power Synergy Public Company Limited (GPSC) (‘company’) have finished the Rights Offering process of Baht 74,000 million and has allocated the not exceeding 1,321,428,571 newly-issued ordinary

Tender Offer in TBSP approximately by THB 13 mil. When comparing TKS, without one-off items, Administrative expenses reduced by 3% y-y. 174 169.0 73.6 2 13.5 - 50 100 150 200 250 300 Y2017 Y2018 256.1 12.8

department stores, resulting in an increase in the expenses related to the sale of such items. Expenses January – September 2017 January – September 2016 Increase(Decrease) Mimmion Baht Percent 1. cost of

Baht. Table 2: Comparison Statement of Comprehensive Income between year 2017 and 2016 (Baht 1,000) Items 2017 2016 ±% Revenue from service – Treatment of Industrial Waste 269,180 283,136 -4.93 Revenue

some items of selling and administrative expenses as costs of sales and some was required to deduct from gross sales. These caused gross profit declining; however, in turn, selling and administrative

annum as detail following; Items Detail Loan (Baht) 50,000,000 Term (Month) 2 Interest Rate (Per Annum) 4.83% Amount of Interest Rate over the Loan contract (Baht) 402,500 Size of Connected Transaction

annum (the interest rate is calculated based on cost of fund of Financial Supporter plus premium) as detail following; Items Detail Loan (Baht) 50,000,000 Term (Month) 2 Interest Rate (Per Annum) 4.83

0.30 -623% Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV (2) Extra items were expenses from raw materials derogation amounting to THB 2,004 million net of tax

from both properties damaged and business interruption in other revenue amounted Baht 868 million. Non-recurring items In the fiscal year 2018, the Company utilized deferred tax asset amount Baht 51