sales for this period. Moreover, portion of sales was changed. The changed were export sales to Asia zone dropped especially in sales to main customer in Saudi Arabia, while domestic sales increased from

value measured from net assets acquired in proportionate holding on GLOW’s shares PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Operating performance by plant in Q2/2019 The company’s gross

Baht 110 million in Quarter 3 2019 or increased by 43% from the sales of OEM of Toyota, IZUZU and Mitsubishi. What is more, the revenue in South - 4 - America zone increased by 14% one of the main

management especially from the Cogeneration power plants. Although in 2017, the Sriracha Power Plant had lower dispatch volume to Electricity Generating Authority of Thailand (EGAT) compared to 2016 due to the

Q4/2019 or 38%. This increase contributed mainly from the increase in Availability Payment (AP) from Sriracha Power Plant corresponding to the depreciation of Thai Baht against US Dollar, while the

Treatment Plant and Collecting System of the industrial Zone of Mandalay project which the detail is in following table: Project Name Central Wastewater Treatment Plant and Collecting System of the industrial

company increased by Baht 1,154 million or 118% from Q4/2018 and increased by Baht 646 million or 43% from Q1/2018. The increase was mainly due to improved operating results of the Sriracha Power Plant and

Plants (CUP 1-3) and IRPC Clean Power (IRPC-CP) declined. Additionally, there was a decrease in revenue from Availability Payment (AP) of Sriracha Power Plant due to a lower Weight factor during the rainy

Plant Project in the Republic of Indonesia On March 20, 2019, PT Medco Ratch Power Riau, an indirect joint venture that the Company held 49 percent stake through RH International (Singapore) Corporation

through three new business development initiatives as follows: 1) Battery Business: investment in a pilot plant of a battery manufacturing facility using Semi Solid Lithium-ion technology. Capacity of the