(BESS) with size of 625 kWh. The development of this project will strongly support the growth of ESS business in which the company has been placing importance on since, this will support the company’s

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 2 throughout 2018 to

and to maximize efficiency of the power generating process in order to deliver the best output for customers. In terms of the growth plan for the company, GPSC will focus on the expansion of SPP

from the end of 2019 with growth driven by hire purchase, housing and corporate lending segment. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 3Q20 declined further to 2.9

keep the policy interest rate unchanged at 1.50 percent, with the view that the Thai economy is expected to grow at a stronger pace while the impact of economic growth has yet to be translated to a broad

the same period last year, reflecting the concentration of domestic demand. This, combined with structural factors such as the expansion of the global value chain and e-commerce, increased the

was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade

part management. 7.6 The Company will be able to accommodate and support the policies of the government and the PTT Group in furtherance of the business expansion under the development plan of the

and support the policies of the government and the PTT Group in furtherance of the business expansion under the development plan of the Eastern Economic Corridor (EEC) as the Company will be able to