debt to equity conversion scheme where the conversion price will be fixed at THB 0.19613 per share, aggregating not more than THB 4,275,830,130.00 (the “Allocation and Offering of the Newly Issued

258.25 million respectively, equivalent to a 37.37% decrease. Cost of goods sold to sales revenue ratio slightly increased from 33.00% to 35.42% because of the depreciation costs increased 23.84% and

performed in the fourth quarter of 2016 and COD of Gulf VTP achieved on schedule this quarter, adding our Equity MW under operation to 382.1 MW from 319.3 MW in the same period of last year.  Financial costs

and the Diplomat 39 which is a project purchased for sale • Net debt to Equity ratio2 as of 31 March 2019 equals 0.84 times Changes in accounting policy and reclassification in 1Q/19 During the three

costs. Table 5: Cost of Goods Sold by Type of Expenses for the Three Months Period Ended 30 September Cost of sales Consolidated financial statements Change Increase/(Decrease) For Three Months Period

costs - Existing businesses 4.80 8.82 (4.02) -45.60% Finance costs - Solar energy 8.64 9.29 (0.66) -7.06% Profit before income tax 26.72 18.71 Income tax expense 2.41 1.42 Profit for the year 24.30 17.29

doubtful accounts 56.85 - 56.85 Earnings before interest and tax (12.13) 135.08 Finance costs - Main businesses 20.06 23.05 (2.99) -13% Finance costs - Solar energy 35.41 35.69 (0.28) -1% Profit before

year due to the fact that Company had mainly international client which used Dollar currency and last year Thai Baht currency was appreciation so Company had loss from exchange rate. Finance costs Net

competitor and pricing and also the slowdown of the turnkey project’s customer. Besides, it was from the increased of some costs such as salary and employee benefit expenses in order to improve the quality of

) - Loss on exchange rate - (32.95) - - - (32.95) Finance costs (34.18) (19.56) - - (34.18) (19.56) SHARE OF LOSS OF INVESTMENT IN JOINT VENTURES ON EQUITY METHOD (0.35) (0.65) - - (0.35) (0.65) LOSS BEFORE