Page 2 Management Discussion and Analysis 1. Significant events in the first Quarter of 2018 1.1 The progress in construction projects 1.1.1 Process of construction - Xayaburi Project, a project of the
' development progress not achieve the Company's target. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Page 2 2. Operation performance according to
purchasing power of foreign investors, to which the Company has continually adjusted its marketing and selling plans. For projects under development, the progress is still on track and has little impact from
Year Ended December 31, 2017 Page 1 (Translation) 1. Significant events of the year 2017 1.1 The Progress of Projects 1.1.1 Collinsville Solar Power Project in Australia ("The Project") On May 5, 2017
Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2018 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited
used in its business operation of One Sukhumvit 59. The Company plan for the investment in the real estate development project of the hotel and serviced apartment. In this regard, such transaction
Page 2 Management Discussion and Analysis 1. Significant events in the third Quarter of 2018 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited
, the overall performance still inferior to the Group own development biomass power plant. Moreover, 6 sales from FiT Premium decreased as stated above. This was led to the decrease in overall gross
and cost reduction, the overall performance still inferior to the Group own development biomass power plant. This was led to the decrease of gross profit margin of biomass power plant. 6 Administrative