signing date. In May and July 2017, Ratchaburi Electricity Generating Company Limited has paid for additional share capital, by its proportion, in the amount of Baht 86.18 million and Baht 32.61 million

% 92% 4Q2018 310 217 61% 39% 1Q2019 2,816 60% 40% 1Q2018 4,631 57% 43% 4Q2018 3,654 Operating Performance Exhibit 1 : Consolidated Company’s Performance comparison of 1Q2019 vs. 1Q2018 vs. 4Q2018 UNIT: M

highest transaction value is derived from this method of calculation, whereby the calculation is based on the Company's reviewed consolidated financial statements for the 6-month period as of 30 June 2018

alignment with the corresponding International Financial Reporting Standards. The adoption of these standards collectively affected the consolidated financial statements of the Company by increasing total

team constantly monitor the situation to manage and mitigate risks, assess the impact on the business and ensure that the operations complied with additional health and safety measures announced by the

is paid at 25 percent of the registered capital. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2020 Page 5 2. Operation performance according to consolidated financial

consolidated financial statements for the 3-month period as of March 31, 2019, 1) Calculate the size of transaction 6 months backward which include waiver of rights to purchase the new ordinary shares of Rich

2565 ADVICE - แนบเอกสารประกอบงบการเงิน-En Statement of Comprehensive Income (Consolidated) (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoYAmount % Amount % Sales and services   14,305.82

653.42 million, which is the additional investment for the first phase in order to pay for the water under the conditions of investment is Baht 333.42 million. that GS must be pay for this amount and the

offering of the REIT for the first accounting year of less than 12 months; (2) an estimation for an additional unit offering of the REIT at interim of the accounting year that has less than 12 months left