Thai Financial Reporting Standards No. 16 re: Lease Agreement for the first time adoption (“TFRS 16”) starting from 1 January 2020, using the cumulative catch-up approach without retroactively adjusting

June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1

to the expiry date of the agreement. The Company confirms that it has capacity in relation to its interest cover covenant and that it complies with key terms on its Credit Facilities Agreement

2018. * The operational results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development Business, the manufacture

Revenue • After You Public Company Limited (“the Company”) reported consolidated operating revenue of THB 219 million in Q1/2020 which decreased by 24% from Q1/2019. • The decrease was mainly from the

representing 30.89 percent of the total voting rights of GLOW). On 20 June 2018, GPSC and Engie Global Developments B.V. (“Engie” or the “Seller”) entered into the Share Purchase Agreement (the “SPA”) to

can be summarized as follows; For the consolidated financial statements and the company's performance and subsidiaries ended 31 March 2020. This has been reviewed by the Company’s auditor and can be

completed in Q2/2018, resulting in the changes in the fair value of power purchasing agreement and the rights to a concession, after alterations were made to assessment assumptions. As such, some revisions

recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement

for sales staff, traveling and vehicle expense for sales staff, cost of advertisement media for product promotion, compensation paid to Zuellig Pharma Ltd. under the Distribution Agreement and