GS is an operator of production and distribution of water supply to some part of Phuket and Phang-Nga. Currently, it is on process of construction and the progress of construction as of 31 January 2018

distribution of water supply to some part of Phuket and Phang-Nga. Currently, it is on process of construction and the progress of construction as of 31 January 2018 is approximately 70 percent. (Source

industrial waste to energy power plant project located at Ratchaburi Industrial Estate and operated by Progress Interchem (Thailand) Co., Ltd. (“Interchem”) with a contracted capacity of 4.0 MW (an installed

by DTV to AWN under the connected party transaction rules, have been obtained; (6) The approval from the Office of the National Broadcasting and Telecommunications Commission for AWN to acquire CSL

Service Expansion ( VM) Trading Project of National Telecommunications PCL. , the Project of trading equipment and communication network of the system Software- Define Network and DNS server for Internet

-o n- Ye ar C ha ng e ( pe rce nt) Thailand Economic Growth 2 1 2 1 2016 2017 2017 Sources: Office of the National Economic and Social Development Board and Ministry of Commerce 2 Foreign Workers

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of

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$ :/$ 4) ;* 4) ; % NAV ก$/$ . 38.00 #A . $))O , 14.00 10.00 ก$ C* ก$ :3 ก/ $$ 5 *98 ก* 3 ก/ $$ Credit rating % NAV B$$ 8 4) ;+ ,/ E9$+ , AAA 19.00 B$$ )ก , /#$#5 Cก* ($) A (TRIS) 19.00 Qatar National Bank