E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

service stations. Also, within this quarter, diesel sales volume to agriculture sector increased. Aside from this, the company launched Hi Premium Diesel S, an innovative premium quality diesel in response

existing shareholder (the “Share Acquisition Transaction”). Share Acquisition Transaction is expected to be completed by October 31, 2017. Details of the Share Acquisition Transaction are as follows: 1

37.5 percent of the registered capital. Share Acquisition Transaction is expected to be completed within December 2017. Further, the Share Acquisition Transaction in such shareholding percentage is

623.1 635.3 668.2 740.1 71.9 10.8% 2,420.7 2,666.7 246.0 10.2% FiT Premium 43.7 37.4 35.8 35.7 (0.1) (0.3%) 170.3 152.6 (17.7) (10.4%) Sales of electricity to Industrial Users (IU) 4.7 4.7 4.9 6.3 1.4

developing premium-grade products under the Dusit brand to Key Financial Ratio Profitability ratio 31-Dec-18 31-Dec-17 Gross profit margin 30.7% 28.2% EBITDA margin 18.0% 19.7% Net profit margin 5.2% 4.8

insurance company have signed a contract of life insurance and a contract of investment in investment units with an agreement that the insured shall pay premium to the life insurance company for protection

Acquisition Transaction is reasonable in which the Company will receive the expected return. The share premium will be the asset of Hero Experience for construction cost and investment in the project. The main

(filed December 28, 2017). Until the payment is completed. 1.3.2 The second lawsuit filed under the broadcasting license agreement (Movie Rights) Baht 20 ,528,521.12 . This case, negotiation was successful

used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and extend tenors. Successful BGYSP acquisition BGYSP acquisition successfully completed in