Commercial Operation Date is expected to be within the year 2021. 1.2 The Achievement of Financial Close to Start the Construction of Collinsville Solar Power Project in Australia On May 5, 2017, RATCH

diagonal roofing façade structure at Country Club is now reaching its highest point. In addition, the other parts are now in the progress of construction as planned. The MahaSamutr Villa is expected to start

Club is now reaching its highest point. In addition, the other parts are now in the progress of construction as planned. The MahaSamutr Villa is expected to start transferring to the owners since Q4 2017

107 42% 132 97 36% Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net Operating Debt to Equity (times) 0.45 0.39 0.84 (46)% 0.45 0.84 (46)% 1Consolidated financials are based upon elimination of

operate the project and has profit as agreed during the period of agreement after Phase 2-4 start to operate water distribution. HECH would purchase more GS’s share in the future from exisiting shareholder

prepare for an increased level of production and the Company’s growth from 2018 onwards; 3) cost from trial runs and start-up of a new production line for some products, driving higher yield loss and cost

screens and 180 lightboxes. This will increase our media capacity by THB 200mn to THB 1,700mn in 2019. The renovation is expected to start commercialisation in 2Q2019. • Expanded our presence in the

. . . . % Profit Sharing for the Year - The Company’s Equity . . . . % - Non-controlling Interest ( . ) ( . ) . . % Management's Discussion and Analysis and operating results for the Year 2017 Page 3 / 10 3.1

25, 2017 to operate medical service concerning healthcare and esthetics under trademark “Wuttisak Clinic”, which start operate the franchise business on February 10, 2018. 3. Analysis of Operating

further BOI tax optimization. Net income was slightly down year-on-year given the higher depreciation and financing cost, despite the improvement in EBITDA 3.2. Assets, Liabilities & Shareholders’ Equity