/2017 will be the first full quarter that BIC2 will realize the revenue from selling electricity and steam which GPSC will recognize the gain according to the proportion of the company’s ownership, 25

. In addition, GPSC had received a share of profits from Bangpa-in Cogeneration Company Limited Phase 2 (BIC2) which Commercial Operation Date (COD) in June 2017 and there was the first full year to

Earnings decreased THB 170 million Non-controlling interest decreased THB 72 milion The aforementioned items did not affect Statement of income for Q1/2017 and Q2/2017. Management Discussion and Analysis of

. at Meeting Room 11B, Interlink Tower (former Nation Tower), Bangna Trad Road, Bangna, Bangkok 10260, and the authorization to the Company’s Chief Executive Officer to consider amending agenda items

Officer to consider amending agenda items, date, time and venue of the Extraordinary General Meeting of Shareholders No. 1/2018 as appropriate taking into 8 account benefits and impacts to the Company. The

& extraordinary items 607 1,282 1,309 2% 116% 3,904 5,684 46% Net foreign exchange gains (losses) (3) 17 111 553% n/a (15) 317 n/a Net profit 604 1,299 1,420 9% 135% 3,889 6,001 54% Non-controlling interests (118

the end of the year 2017 due to changes in the following items: - Cash and short term investment was 537.33 million Baht, increased by 106.82 million Baht due to the cash from operation during Q1/2018

December 31, 2018. The changes are described as follows: Assets Items that has significant changes Balance by Quarter Change Q3–19 Q4–18 Q3–19 VS Q4–18 (MB) (MB) % Cash and cash equivalent 244.7 1,265.8

in table 1 Table 1 provides an overview of performance. 2 Unit : Million Baht For year ended of December 31 Items Increased (Decreased) 2018 2017 Amount Percentage 1 Revenue from steel tower

million, a 23.1% increase from Baht 149.0 million in 1Q2018, while Gross Profit from Operation was Baht 156.6 million, a 6.1% increase from Baht 147.6 million in 1Q2018. The increase of both items was from