Second Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our Second Quarter of 2020 with a Normalized Net Income of Baht 177.7 million, a 74.4% decrease from 2Q2019 while Net Profit of Baht 317.4 million

of operating results for the year 2019, Ended of December 31, 2019 Unit : Million Baht Power Generation Others Total Change Increase (Decrease) 2019 2018 2019 2018 2019 2018 Amount % Total Revenues

% over the same period of last year in line with the drop in business activities revenue. As a result, Gross Profit of the group was THB 97.03 million (43% of total revenue), a decrease of THB 20.72

measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2020, from an increase of 1.5-2.5% to a decrease

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

253.31 million Baht, a decrease of 745.28 million Baht or 74.63% from the same period last year. The main factor of the decrease revenue came from the transfer of real estate which decrease by 747.19

928.3 948.1 1,202.6 (19.8) (2.1) (274.3) (22.8) Profit for the period 72.1 67.4 105.3 4.7 7.0 (33.2) (31.5) In Q2–2018, the Company’s total revenue was similar to Q1–2018 with a slight decrease. Compared

, it found that the decrease rate of profits was higher than the decrease rate of revenues due to some part of the selling and administrative expenses, which was a fixed cost that continues to occur even

mainly by a decline in export volume in Thailand during the first 6-months of 2017. Profit for the Period Despite a decrease in sales revenue during the 6-month period ended 31 July 2017, profit for the

Million Baht and decrease from disposals-net 6.30 Million Baht, decreased from depreciation of 95.61 Million Baht), decline in intangible assets from amortization of 19.11 Million Baht and more non-current