stores were reduced earlier.  Domestic Contract Manufacturing (CMG) sales decreased by c.25% YoY, mainly due to higher excise tax and sugar tax as well as high sales base last year. 9M/2018 Sales Revenue

relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract period rather than the front-loaded AP received from EGAT according to

solid financial position with cash on hand at approximately THB 19,000 million and operating cash flow for future project investment and development. The Transaction constitutes an acquisition of assets

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2019, Thailand’s chicken meat export was about 954,010 tons, 6.93% up from 2018 and

GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 1 of 15 Management Discussion & Analysis Summary of Consolidated Statements of Financial Position of GFPT Public

-Transfer (BOT) concessionaire to develop and operate the Project. Nam San 3A is also a contracting party to the power purchase agreement with Électricité du Laos (“EDL”). The contract duration is 27 years

and flat QoQ. For 9M20, core service revenue declined - 4. 4% YoY, EBITDA contracted - 3%YoY and net profit declined -13%YoY. FY20 guidance is revisited, core service revenue is expected to contract low

. Corporate social responsibility 11. Internal control and risk management 12. Related transactions Part 3: Financial Position and Operating Results 13. Significant financial information 14. Management

Australia’s National Electricity Market (NEM). The Project has also entered into EPC Contract, Electrical Connection Agreement, Operation and Maintenance Agreement and other related agreements. RATCH-Australia