operating results and financial condition of UWC will improve as a 12 result of the reduction in accumulated losses in connection with the power generation business, coupled with the decrease in the debt to

Baht 859 million or 17% as a result of GLOW’s power plants have reached the Contracted Availability Hours set out in the PPA in December 2019, resulting in the decrease of Availability Payment in Q4/2019

due to the decreased in revenue from solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the decrease in revenue from chilled water following the

million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing

the year 2018 Unit : Million Baht Power Generation Others Total Change Increase (Decrease) 2018 2017 2018 2017 2018 2017 Amount % Total Revenues 38,502 32,331 1,254 1,072 39,756 33,403 6,353 19% Total

the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the

830 million, a decrease of THB 24 million, and recoded EBITDA of THB 1,542 million, an increase of THB 1,125 million, with the following factors affecting operations as thus: 1. Solar power plant

%. A decrease in the peak demand was mainly influenced by the lower temperature than previous year and the success of implementing energy saving programs, which had pushed down the power consumption

of operating results for the year 2019, Ended of December 31, 2019 Unit : Million Baht Power Generation Others Total Change Increase (Decrease) 2019 2018 2019 2018 2019 2018 Amount % Total Revenues

maintenance shutdown. In addition, the steam selling price has decreased following the decrease in price of natural gas. • The gross profit for Very Small Power Producer (VSPP) and other decreased by Baht 4