MD&A Q2Y2017 _E_ 09.8.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Management Discussion and

MD&A Q2Y2018 (E) -14.8.61(6.25PM) Ratchabur i Electr icity Generating Holding PCL Management Discussion and Analysis For the Three-month and Six-month Per iods Ended 30 June, 2018 Management

subsidiary) shareholders approved 1) the acquisition of Hello Bangkok L E D Company Limited (“Hello LED”) with a total investment of THB 1,950mn, 2) the issuance of newly issued shares through Private

) Consolidated Financial Statements 2Q'19 2Q'18 % Change YTD 2019 YTD 2018 % Change Total Revenue 475.1 423.5 12.2% 934.5 845.4 10.5% - Utilities Business 473.6 422.7 12.1% 931.6 844.7 10.3% - Operating Revenue1

with bondholder representative, total value of THB 194.0mn, interest rate 5.25% p.a., quarterly payment, 2 years, having maturing date on 4 December 2021.   2) open a new branch of Dink Dink noodle store

30 September, 2016 2017 2018 2019 Total Asset Million Baht 93,636.7 99,933.4 107,653.0 121,701.3 Total Liabilities Million Baht 53,114.0 58,874.0 65,804.0 78,126.2 Total Shareholder Equity Million Baht

compared specification and selling price with other suppliers and concluded that MKY project pricing is cheaper. 4. Total Value of the Transaction : Total value of air-conditioner is 3,150,000 baht

the company’s estimate. The findings showed that after Dr. Kumpol Plussind (holding the positions of managing director and director at the time) became aware of the inside information, he purchased

baht. The SEC will submit the total amount of the civil penalties and the compensation to the Ministry of Finance as public revenue. Apart from the civil sanction, the SEC banned Jajjai from holding the

information to sell the company's shares through the trading account of Ms. Benjamas Dhammarungruang. Both offenders paid civil penalties and compensation for the received benefits, at the total amount of 2.58