LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile

subsidiaries has selling and administrative expenses for total 66.69 million Baht, which is 8.23 million Baht increased from the Second Quarter Ended June 30, 2016. This is due to that the expanded business

Company Limited. The operating performance is summarized as follows. Overview According to Bank of Thailand and Office of the National Economic and Social Development Board (NESDB), Thai Economy expanded by

continued to grow with driving force of the export of goods grew better and the tourism sector continues to expand. Including the private consumption and private investment has expanded. Also, the

in LPG usage in transportation sector, which is main customer of the Company. This result in volume sold decreased 10.45% from previous year. However, the Company has expanded market to industrial

Yai, Chachoengsao, Rayong and Diana Hat Yai Branch. Industry Overview Thailand’s overall economy expanded at a slower pace than expected in 2Q19 due to external demand. The escalated trade tension

%. However, the Company has expanded market to industrial sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 55.92% from the same period of previous year. While

Million Baht, accounting for 3.38% from the same period of previous year. The average selling price increased 3.81%, while volume sold in Q2 2018 decreased 6.93%. However, the Company has expanded market to

last year. However, the Company has expanded market to industrial sector and household sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 55.26% and to