to the novation of the M&E systems under the concession agreement of the MRT Chalong Ratchadham Line Project which the MRTA is fully responsible for both loan repayment and interest expense in

agreement 99.2 102.3 3.1 3.1% Cost of sales and services (874.7) (1,149.4) 274.7 31.4% Gross profit 439.4 471.6 32.2 7.3% Net gain (loss) on exchange rate 55.1 (4.6) (59.7) N.A.(

investment value will not exceed USD 350 million or not exceed Baht 11,073 million1. The Company and/ or its subsidiary may be required to enter into agreement with financial institutions relating to the

interest expense in accordance to the concession agreement and gain on fair value adjustment of investment. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and

subsidiary was temporary shutdown in Q1/2019. The company shutdown from February to April after GJ Steel terminate service tolling agreement on 31 January 19 because the company waiting for sign new loan

4,669.2 (2.0%) Revenue from finance lease under power purchase agreement 109.4 104.5 105.2 0.7% (3.8%) 307.0 312.1 1.7% Cost of sales and services (1,350.7) (1,191.7) (1,168.7) (1.9%) (13.5%) (3,674.1

purchase agreement 102.8 99.2 101.6 2.4% (1.2%) 203.7 200.8 (1.4%) Revenue from construction under a concession arrangement 398.1 - - - N.A. (

Plants 875.1 806.6 (68.5) (7.8%) Revenue from finance lease under a Power Purchase Agreement 102.4 104.9 2.5 2.4% Revenue from service under a Power Purchase Agreement 630.5 455.3 (175.2) (27.8%) Sales of

year. In addition, the company invested in warehouse to support business expansion and to partially reduce rental expense. In Jiangsu China, the company purchased machine and equipment to support

agreement PTT PTT public Company Limited Q-o-Q Quarter-on-Quarter SG&A Selling, general & administrative expense WVO War Veteran Organization Y-o-Y Year on year OUR PROJECTS ABPIF Amata B.Grimm Power Plant