through expansion of investment to Japan. 8. Plan of using of proceeds from the disposal of assets The Company will use sources of funding from financial institutions, Company cash flow and the proceeds

ให้แก่ลูกค้าหรือที่โอนไปยังบุคคลอ่ืนตามความประสงค์ของลูกค้า ต้องอยู่ในรูปแบบ commonly readable format โดยสามารถน าไปใช้ต่อได้ (support re-use) เว้นแต่ลูกค้า ได้แจ้งความประสงค์ไว้เป็นอย่างอ่ืน โดยผู้

changes, whereby urban population nowadays tend to spend more time outside their homes; the rapid increase of the number of Internet users; and the growing recognition of these media as effective

land with a building worth 125 million baht to expand its production area, warehouse and delivery. The building is still in the process of preparing for readiness to use in the next phase. 2.1.4

ณ 31 ธันวำคม 2561 และ 31 ธันวำคม 2560: อัตรำส่วนทำงกำรเงินที่ส ำคัญ Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA

COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for the nine-month period ended September 30, 2019 During the period, one of the major customers had changed a method of

equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q4 2019 and Q4 2018) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur

14.5 percent due to repayments of loan during the year and temporarily prepayment of loan using unutilized proceed from IPO which pending to use as capital expenditures of power plant projects under

result was increased by 20 million Baht mainly due to an increase in Availability Payment (AP), caused by higher seasoning weight announced by EGAT, which use for electricity revenue calculation. Meanwhile

Baht 87.92 million, consisting of baht 165.86 million positively from operating performance and net pay of Baht -77.94 million to use with working capital from higher account receivable and trade payable