(MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 83.98% (The construction plan was 84.12%). The

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 89.83% (The construction plan was 88.38%). The commercial

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 93.69% (The construction plan was 92.41%). The commercial

located in the Taiwan Strait approximately 8 km west of the coast of Yunlin Country in Taiwan. The project has entered into the Power Purchase Agreement (PPA) with Taiwan Power Company (Taipower) pursuant

Taiwan Strait approximately 8 km west of the coast of Yunlin Country in Taiwan. The project has entered into the Power Purchase Agreement (PPA) with Taiwan Power Company (Taipower) pursuant to a fixed 20

- Doubtful debts from the void contract (320) - (320) Finance cost 6 4 2 Net profit (293) 31 (324) In overall, the Company and its subsidiaries have a net loss in Q2/2017 of 293 MB by decreasing 324 MB or

-20.0% Doubtful debts from the voiding of contract 320 - 100.0% Finance cost 21 19 9.5% Net profit -236 113 308.5% In overall, the Company and its subsidiaries have a net profit in the year 2017 of -236

cost 21 19 11.5% Net profit -236 113 308.5% In overall, the Company and its subsidiaries have a net profit in the year 2017 of -236 MB by decreasing 349 MB or 308.5 percent when compared to the year 2016

significantly higher than last year quarter due to the Company entered the Tolling agreement with G Steel for producing of HRC to increase the normal capacity during off peak power usage commencing in 4th Quarter