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

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

finished products, 24.01 percent are work in progress and 34.11 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting policy for setting

events in the first Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited, (EGCO holds a 12.50% ownership interest.), is a hydro

Management Discussion and Analysis 1. Significant events in the third Quarter of 2019 1.1 The progress in construction projects 1.1.1 Project completion - SBPL Project, a project of San Buenaventura Power Ltd

European Commission which delists Thailand from the group of "warned countries" as recognition of the progress in tackling illegal, unreported and unregulated fishing (IUU Fishing). This shall enhance the

years. As a consequence the increased assets value will be further depreciated accordingly the extended useful life. The company continues to make significant progress in the realization of its make-over

included sales of investment in Mae Sod Clean Energy Co., Ltd. of 59.10MB while sales of investment in PDIL of 50.10MB was included in 9M 2016. The company marked remarkable progress in its make-over