of services in the 1st quarter of 2019 of THB 2,058.80 million (excluding fuel costs of THB 7,186.26 million). The main reasons were as follows: (1) The increase in revenue from sales of RATCH

Transactions in the Capital Market B.E. 2550 (No.2) dated 21 February, 2011. 7 Clause 16. An order imposing administrative order shall contain supporting reasons, providing that the reasons shall at least

services in year 2018 of THB 5,881.33 million (excluding fuel costs of THB 30,302.81 million). The main reasons were as follows: Management Discussion and Analysis For the Year Ended December 31, 2019 Page 7

of 2017 was Baht 1,383.38 million, increasing by Baht 505.49 million or 57.6 percent from Baht 877.89 million in the 2 nd quarter of 2016. The main reasons were as follows:- 2.1.1 The profit of Hongsa

by Baht 426.02 million or 79.7 percent from Baht 534.33 million in the 3 rd quarter of 2016. The main reasons were, the profit of Hongsa Power Company Limited ("HPC"), a joint venture, in a portion of

million or 9% from Q2/2019 and increas ed by Baht 3,870 million or 241% from Q3/2018. This was mainly due to the following reasons: Executive Summary Comparing Q3/2019 vs Q2/2019 Comparing Q3/2019 vs Q3

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: You have the right to request the SEC Office erase your data for certain reasons; Right to restriction of processing: You have the right to restrict the use of your personal data for certain reasons

of THB 58.74 million, for the following reasons; ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุ่มแบน จ.สมุทรสาคร 74110 Tel. (66) 0-34877485 - 8 Fax. (66) 0-34877491 – 2 2 / 6 55/2 Moo 8

profit of THB 58.74 million, for the following reasons; ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุ่มแบน จ.สมุทรสาคร 74110 Tel. (66) 0-34877485 - 8 Fax. (66) 0-34877491 – 2 2 / 6 55/2 Moo 8