to THB 89 million and THB 32 million respectively, due to resumption of own production and increase in Recurring Fees paid according to Financial Advisory Services Agreement. Consolidated Selling

cost management for electricity generation of our gas- fired power plants which contribute approximately 70% of our portfolio capacity. Land Lease Agreement for U-Tapao hybrid project On June 26, 2020

Placement of 1,080mn shares to Plan B Media Public Company Limited (“PlanB”) at THB 1.4381 per share, totaling THB 1,553mn and 3) an agreement with PlanB on Advertising Media Management and Service Agreement

received approval to renovate street furniture media on BTS columns, which is expected to be a key growth driver for 2019. January • Continued the process towards digitisation by replacing static billboards

37,169 9,174 Cash flows used in investing activities (1,496) (3,955) (13,437) (940) Cash flows used in financing activities (11,459) (276) (9,873) (11,384) Net increase (decrease) in cash and cash

Taiwan Strait approximately 8 km west of the coast of Yunlin Country in Taiwan. The project has entered into the Power Purchase Agreement (PPA) with Taiwan Power Company (Taipower) pursuant to a fixed 20

investment which depending on government policies, direction of Baht currency and delay of 2020 government budget approval. Also, Coronavirus outbreak and the droughts in Thailand have been affecting to the

. The SPP Replacement Project Stage 2 is under the feasibility study for further investment approval. PAGE 5 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 Business Directions in Q1/2020 Synergy from

(MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 99.79% (The construction plan was 99.72%). The

or 39.5% which Bt969.2 million was of the investment in expansion of the NFPT project and the second phase of Hydrant pipeline system expansion project - Net cash used for financing activities was of