person with regard to the purpose of investment, financial position and desire of such person; “related company” means (1) a company holding shares of twenty percent or more of all voting right shares of

”), in which the Company, BTS and STEC held 10 percent stake, 75 percent stake and 15 percent stake of shares in each company, respectively. The registered capitals of NBM and EBM were Baht 3,500 million

from the expenditures that prepare and increase efficiency the management of the business is a priority. 4. Financial position Statement of Financial Position – Consolidated (Million Baht) As at Increase

capital : Baht 2,000,000,000.- Name list of shareholders of Saha Capital Tower Co., Ltd. as of September 30, 2019 Name No. of shares % 1. Saha Pathana Inter-Holding Plc. 4,200,000 21.00 2. Thai President

from our first hydro power projects – XXHP – achieved COD in August 1, 2017 with an installed capacity of 20 megawatts. ABBREVIATION & OUR PROJECTS FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of

1 Ref: AC.006/2019 25 February 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

-controlling interests of the subsidiaries 0.16 -0.03 0.19 Profit(Loss) attributable to equity holders of the company -35.99 -90.29 54.30 60.14 Financial Position as at September 30 , 2017 and December 31, 2016

P a g e 1 | 7 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets

P a g e 1 | 8 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets