(THAILAND) PUBLIC COMPANY LIMITED M PICTURES ENTERTAINMENT PUBLIC COMPANY LIMITED M VISION PUBLIC COMPANY LIMITED M.C.S.STEEL PUBLIC COMPANY LIMITED M.K. REAL ESTATE DEVELOPMENT PUBLIC COMPANY LIMITED

) PUBLIC COMPANY LIMITED M PICTURES ENTERTAINMENT PUBLIC COMPANY LIMITED M VISION PUBLIC COMPANY LIMITED M.C.S.STEEL PUBLIC COMPANY LIMITED M.K. REAL ESTATE DEVELOPMENT PUBLIC COMPANY LIMITED MAHACHAI

expenses is mainly due to the decreased entertainment expense in supporting the sale of renewable energy projects overseas. SAAM Energy Development Public Company Limited - 4 - - Administrative expenses In

18, 2019 2.2 94 Entertainment Co., Ltd. is in debt to the Company according to the co-production agreement and has unpaid co-production fee. Subsequently, on December 8 , 2016 , the Company filed a

changed to used new channel market particularly online and digital technology. This situation impacts overall business and industries particularly retails, restaurant, entertainment, airlines and travel

, and entertainment expense supporting the sale of renewable energy projects overseas. SAAM Energy Development Public Company Limited - 4 - - Administrative expenses In Quarter 1 of 2020, administrative

expenses for land procurement, coordination in relation to services provided in solar power projects in Thailand in which SAAM Group provides services for its clients, and entertainment expense in

Year of 2018 WHAUP finished our 2018 with the record high Net Profit of Baht 2,251.9 million, a 13.7% increase from 2017 with Normalized Net Profit of Baht 2,267.8 million, a 61.2% increase from 2017. 1

% 3% Note: 1 Acquired in August 2015. Construction Material Business Performance of this business constitutes performance of manufacturing and sales of construction materials, e.g. finished fences

Performance of this business constitutes performance of manufacturing and sales of construction materials, e.g. finished fences, aluminum products, etc., which is one of NVD’s businesses. The business has been