. Sustainability Development The AFS Group recognises the importance of driving business growth in parallel with sustainable social development. AFS Group prioritise participation in environmental conversation

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For 9M/2017, East Water Group had total consolidated sales and services income of 3,268.14 million Baht, decreased by 64.83 million Baht or 1.95% (Total

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due

conjunction with the consolidated financial statements and notes to financial statements. If not defined otherwise, all financial information presented in this document are in Thai Baht. The company presented

progresses in the following mixed-use development projects. Investment in Bayswater Company Limited On May 17, 2019, CPN acquired ordinary shares in Bayswater Company Limited from BTS Group Holdings Public

expenses 1,713.7 1,557.6 1,357.0 156.1 10.0 356.7 26.3 Profit for the period 142.7 121.6 117.2 21.1 17.4 25.5 21.8 In Q3-2022, The Thai Economy improved from the previous quarter. This is because the service

global economy volatility impacted to Thai Baht appreciation against major currencies, i.e. USD, have had negative effect to the export business while the importer took this opportunity importing products

progresses in the following mixed-use development projects. Investment in Bayswater Company Limited On May 17, 2019, the Company acquired ordinary shares in Bayswater Company Limited from BTS Group Holdings

1,554.5 1,174.8 1,557.6 379.7 32.3 (3.1) (0.2) Profit for the period 123.0 96.8 121.6 26.2 27.1 1.4 1.2 Overall in the Q2–2023, the Thai economy slightly improved from the previous quarter due to the

E_1 Legal_FA_2015_12_29-c A HibrWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2018 The Thai economy in the third quarter of 2018 grew at a