and dispose of hazardous waste through high temperature power plant(s) as well as to generate and sell electricity. ART is currently in the process of conducting a feasibility study regarding this plan

1,661 42.58 224 13.43 3,731 45.03 3,296 42.25 435 13.17 Feed 823 19.76 921 23.59 (98) (10.60) 1,681 20.29 1,843 23.62 (162) (8.81) Farm & DOC 1,251 30.03 1,108 28.39 143 12.92 2,466 29.77 2,236 28.65 230

commercial operation of Mount Emerald Wind Farm Project and Collinsville Solar Power Project on December 12, 2018 and March 21, 2019, respectively. 2.2 Finance costs Finance costs for the 2 nd quarter of 2019

population in Bangkok and northern Metropolitan zone. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2020 Page 3 1.3 Signing of Power Purchase Agreements for Collector Wind Farm in the

Risk Management During the first quarter of 2018, the Thai economy saw an uneven recovery amid limited growth in consumption, weak farm income and risks from uncertain trade policies and protectionist

E_1 Legal_FA_2015_12_29-c A HibrWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2018 The Thai economy in the third quarter of 2018 grew at a decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles. Nonetheless, the business sector remained challenged by new modes of competition, the broade...

10.81 Feed 898.27 20.42 1,115.77 25.30 (217.50) (19.49) 2,578.99 20.33 2,958.77 24.23 (379.78) (12.84) Farm & DOC 1,318.43 29.97 1,206.94 27.36 111.49 9.24 3,784.75 29.84 3,442.63 28.19 342.12 9.94

performance of Boonterm kiosk with the ARPU management more than 5% of growth from 2017 and relocating the kiosks from the area that generate low income to the new area that generate higher income. As well as

, because the new businesses can generate revenue cover the fixed costs in , especially the projects from new business that can generate good returns and tend to increase continuously. As a result in the

under the operation of J FinTech Company Limited clearly reflects that such a business is able to generate good performance for the group in the future. Whereby the Company's operational strategy is to