-CP’s electricity sales from the full operation of both phases after COD in November 2017. The company’s financial position: As of 30 June 2018, GPSC and its subsidiaries' total assets increased by Baht

adjusted administration and operation strategies to create turnover to return profits to shareholders as soon as possible. In 2019, it perceived clearly that with the effort of the committee, executives and

completed on time in order to send the Notice of the Shareholders’ Meeting and the Company is aware of the rights and interests of the shareholders of the Company to receive all complete information and

% : Supreme Enterprise Limited 20% Type of Project B.O.T. (Build-Operate-Transfer) Scope of Project The concessionaire for construction and operation & maintenance of the waste water treatment plant in the

THB 59 million which is in line with normal operation in 1Q18. The extraordinary items included THB 169 million gain from sales of investment in 1Q18, THB 60 million negative impact from closure of

90,100 trips/day representing an increase by 1.5 percent when compared to the previous year. Cost of service for operation of Expressway business consisted of costs of toll, amortization of rights to

comprehensive income Y2017 Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 201# Page 3 2. Operation per formance according to consolidated financial statement For

14.8% 1,015.8 862.8 17.7% EBIT 941.6 1,078.9 -12.7% 2,729.6 3,249.8 -16.0% EBITDA 1,220.8 1,353.7 -9.8% 3,535.3 4,058.0 -12.9% Profit for the period from discontinued operation, net of tax 6.7 28.1 -76.0

first phase is 30 MWh which the first battery cell is expected to be completed in December this year. GPSC is coordinating with several parties to introduce the prototype for mobility and stationary

(46%) (33%) 3,175 3,359 6% Gross profit margin* (%) 27% 24% 22% (2%) (5%) 24% 26% 2% Net profit margin (%) 15% 13% 8% (5%) (7%) 16% 14% (2%) * Exclude costs of depreciation and amortization 1 Operation