December 2018 Change (%) March 2019 December 2018 Manufacturing and commercial 780,297 801,647 819,481 (2.7)% (4.8)% Utilities and services 451,557 446,513 455,969 1.1% (1.0)% Housing 244,951 243,754 240,047

2018. This was a result of a decline in merchandise exports owing to the economic slowdown of trading partners affected by trade protectionism and the impact of structural changes in the manufacturing

. Million Baht Loans by Business Type * September 2019 June 2019 December 2018 Change (%) June 2019 December 2018 Manufacturing and commercial 751,584 780,297 819,481 (3.7)% (8.3)% Utilities and services

future growth plans. In terms of the progress on Tender Offer of Glow Energy Public Company Limited (GLOW), after the company have completed the Mandatory Tender Offer from GLOW which ended on the 22nd May

progress of construction as of 31 January 2018 is approximately 70 percent. (Source: Management of GS). This project has received a contract to operate the water supply business on behalf of the subsidiary

COMPANY LIMITED CHONBURI CONCRETE PRODUCT PUBLIC COMPANY LIMITED CHONLAKISAKOL COMPANY LIMITED CHOTIWAT MANUFACTURING PUBLIC COMPANY LIMITED CHOW ENERGY PUBLIC COMPANY LIMITED CHOW INTERNATIONAL COMPANY

sector at 21.3% and manufacturing and commerce sector at 20.9% of total loans. Table: Loans to Customers Classified by Type of Businesses (Unit: Million Baht) Loans to customers classified by type of

• SCOD : October 2019 Project updates: Construction progress of the project continued as planned at 92% as appraised by the government of Lao PDR’s technical advisor. Main construction tasks such as power

in Q4/2017” Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q3/2018 • Progress Report on Acquisition of GLOW Energy Public Company Limited (GLOW) On June 20th, 2018, the

has loss on cost of goods sold because the declining of raw material price and abnormal loss in manufacturing process. 2. Cost of Refining Service in the 2nd quarter of 2015, and 2014 cost of sale was