@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Second Quarter of 2020  The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju

ส่งผลให้อัตราก าไรขั นต้นของทั งกลุ่มบริษัทในไตมาส 1/2563 อยู่ที่ร้อยละ 50.6 ลดลงจากปีที่ผ่านมาซึ่งอยู่ที่ร้อยละ 61.2 Aviation Refuelling Services 79% Fuel Pipeline Transportation Services 21% โครงสร้าง

ใชจ่้ายเก่ียวกบัพนกังานท่ีปรับลดลงเป็นสาํคญั Aviation Refuelling Services 72% Fuel Pipeline Transportation Services 28% โครงสรางรายไดคาบริการในชวง 6 เดือนแรกป 2563 หน้า 5 ของ 8 หน้า ในไตรมาส 2/2563

outside their homes. Even though, there is no lock down order from the government. Coupled with the demand for less diesel fuel in part for mass transportations, tourism, and Compare the results of the

Match Bangkok Century Cup 2022” sponsorship and “The Way of Gaming” retail branches marketing campaign, (2) Freight expenses, increased by THB 0.59 million due to soaring fuel prices which led to an

marketplace commission fees, (3) an increase in transportation expenses of THB 0.76 million due to soaring fuel prices which led to an increase in logistic cost per contracts. (4) an increase in rental and

sales promotion with e-Marketplace platform and the increase in marketplace commission fees, (3) an increase in transportation expenses of THB 1.05 million due to soaring fuel prices which led to an

, water, and fuel energy. 8 Social The Company conducts business in accordance to human rights principles, based on its philosophy which places importance to peace, human beings and society, which aims to

of paper and plastic; 2. Waste management; and 3. Management of electrical energy, water, and fuel energy. Social The Company conducts business in accordance to human rights principles, based on its

refused derived fuel technology, and being a consultant for various engineering projects which will support the Company’s business expansion. Moreover, having a well- known business partner, as a major