which may affect international trade and exchange rate fluctuation. According to the Bank of Thailand data, at the end of December 2017, reported the total numbers of credit card industry amounted to 20.3

loss on exchange rate from trade payable. FINANCIAL PERFORMANCE 7 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE

*,")()*.' +K$+"O*$" *P'KL #L#)*#$̀SP"'( *P'bML" 15 )'#+" (quote and trade data) bK$̀[!#$ exchange .'S"/+( .%P risk of marginalization #()* SET "#$!+$"O*! core business O* !K ̀O"% +M$()*#[/+P business model

bonds will be offered for sale or where bonds will be registered to trade on an exchange; or (b) a financial institution under the law of the jurisdiction where bonds will be offered or where bonds will

Exchange Rate at Baht 6 million in 2018 and Gain at Baht 8 million in Q4’2018, primarily attributable to a realized loss and gain respectively on exchange rate from trade payable. FINANCIAL PERFORMANCE 7

ventures namely ABPIF and BGSENA. Gain (Loss) on Exchange Rate • Recorded Loss on Exchange Rate at Baht 14 million in 9M’2018 and Q3’2018, primarily attributable to a realized loss on exchange rate from

on Exchange Rate at Baht 0.2 million in 6M’2018 and Baht 94 million in Q2’2018, primarily attributable to an unrealized gain on exchange rate from trade payable and other assets. FINANCIAL PERFORMANCE

Rate • Loss on Exchange Rate was recorded at Baht 93 million in Q1’2018, primarily attributable to a loss and/or an unrealized loss on exchange rate from trade payable and other assets. FINANCIAL

BUSINESS PLAN AND OUTLOOK The overall business outlook for 2H 2019 is slightly restrained; with potential impact from trade war and exchange rates constraining the business but favourably counterbalanced by

subsidiaries from the appreciating THB. 6. Gains from foreign exchange was recorded at THB 92 million, from THB appreciation, mostly from foreign exchange gain on trade account payables and USD loan. However