shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders

decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the

contained in this document has been obtained from several sources, and Bangkok Commercial Asset Management Public Company Limited (“BAM”) cannot confirm, in all cases, the accuracy and completeness of such

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

decline is also partly due to the high base of last year. Public spending excluding transfers also declined from acceleration in disbursement during last year. Nevertheless, private consumption remains the

2018 despite a 4.4% y-on-y decline in natural gas price in Q4’2019. Note that the natural gas price is tied to the weighted average price from PTT’s pool gas. Cost of Electricity- Vietnam • Cost of

in Laos decreased 25.0% y-on-y (Baht 8 million in Q1’2018 to Baht 6 million in Q1’2019) due to the decline of water inflow and 75.0% q-on-q (Baht 24 million in Q4’2018 to Baht 6 million in Q1’2019

decline of water inflow. Other Sales and Service income • Other sales and service income in Q2’2019 increased 24.3% y-on-y to Baht 184 million and in 6M’2019 decreased 26.6% y-on-y to Baht 292 million

Q3/2017. The factors were the compensation of Baht 130 million (51% of ownership which is equivalent to Baht 66 million) from the contractor of IRPC-CP Phase 1 in Q3/2017 and the decline in dividend

April 1, 2018 to September 30, 2018 net profit, a decrease in full in long-term loan repayment to financial institutions by Baht 40.36 million, and a Baht 45.24 million decline in trade and other payables