Finance Costs were 0.3 Million Baht from Interest expense on lease liabilities. The company has income tax expense of 10.0 Million Baht due to increased profits. 2 At the end of June 30, 2020 the total

income. In addition, many GSTEL creditors are filing lawsuits against the company for debt repayment. IFA therefore views that it is unnecessary to extend the repayment period as the extension is

24,899 million and total shareholders' equity of THB 18,092 million. Debt to Equity Ratio (D/E) and Interest Bearing Debt to Equity Ratio represented at 1.38 and 1.20, respectively. Yours faithfully

Analysis Quarter 1 Ending 31 March 2018 Highlights Q1/2018, the Company and subsidiary’s total net profit equals Baht 495 million, increased by Baht 1,410 million comparing with previous quarter. Total

2,265.85 Sales Revenues 0.00 0.00 0.00 0.00 0.00 Other Income 1.76 1.09 2.59 10.52 (0.83) (32.05) Total Income 161.70 100.00 24.63 100.00 137.07 556.52 Cost of Construction 167.08 103.33 17.54 71.21 149.54

! Sales Revenues 0.00 0.00 0.00 0.00 0.00 Other Income 0.97 1.89 1.43 3.86 (0.46) (32.17) Total Income 51.27 100.00 37.00 100.00 14.27 38.57 Cost of Construction 33.88 66.08 31.41 84.89 2.47 7.86 Cost of

117.45 Total income 2,708.65 100.00 1,327.13 100.00 2,722.93 100.00 1,341.72 100.00 1,381.52 104.10 Cost of real estate sales 1,765.11 65.84 871.00 66.27 1,765.11 65.84 871.00 66.27 894.11 102.65 Gross

income 4.53 1.01 4.67 1.35 11.39 2.50 8.03 2.30 (0.14) (3.00) Total income 448.12 100.00 345.79 100.00 454.98 100.00 349.15 100.00 102.33 29.59 Cost of real estate sales 271.65 61.24 241.21 70.71 271.65

expand in the future. Business Operating Results and Profitability Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2018 2017 Amount % Total Revenues 575.16 614.82

(Cambodia) Co.,Ltd. In order to cut realized loss from operation of its subsidiaries and reduce its debt, UWC also considered to divest it’s investment in biomass powerplants resulting in reclassification of