DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

Xayaburi Hydroelectric Power Project, for a period of 31 years from the Commercial (Translation) 5 Operation Date, for sale of electricity as produced to the Electricity Generating Authority of Thailand

, development, construction and operation of the Xayaburi Hydroelectric Power Project, for a period of 31 years from the Commercial Operation Date, for sale of electricity as produced to the Electricity

, development, construction and operation of the Xayaburi Hydroelectric (Translation) 5 Power Project, for a period of 31 years from the Commercial Operation Date, for sale of electricity as produced to the

of Symbior x % Assets Acquired Net tangible assets of the Company = 558.41Baht Million * 100% 4,486.77 Baht Million = 12.45% 4.2 Comparison of Net Profit Size of Transaction = Net profit of Symbior x

Alternative Energy Development Plan B.E. 2558-2579 (2015-2036) which aims to increase the ratio and the use of renewables in electricity generation. Renewable energy is mostly produced by small power

2023 ADVICE - MD&A_En Total Revenue amounted to THB 13,524.76 million decreased by 6.05% Gross Profit amounted to THB 1,181.34 million decreased by 3.89% Net Profit amounted to THB 170.25 million

December 31, Item 2017 2016 Profit for the year attributable to equity holders of the Company in the consolidated financial statements Baht (202.81) million Baht 52.02 million Profit (loss) for the year in

million 11.18 2. The operation results (from the consolidated financial statements) ended March 31 Item First quarter of 2018 First quarter of 2017 Profit for three months attributable to equity holders of