had appropriate capital structure. GFPT Group Expansion Plan In the next 3- 5 years, the Company has planned to grow organically by investing in greenfield projects. We focus on capacity expansion along

Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

Investment in Siam Gateway Co., Ltd. 24.50 1.88% calculated based on the total value of consideration basis 16 July 2019 Joint investment in food business expansion with Shanghai Kinghill Company Limited 5.03

full packaging business with enough space for expansion. 6 4. Details of acquired assets Details of WPS are as follows: 4.1 General information 4.2 The shareholding structure before and after acquisition

% battery electric vehicle, as well as after sales service, and will support the investment in Subsidiary company for marketing expansion, including another purchaser (investor) having a good relationship

considering more expansion of F&B business. The target revenue from food and beverage business is THB1,000mn within 2023. ( * source: Press Release no. 65/2019 from Bank of Thailand, 6 November 2019

low at 0.25 time, same level as at December 31, 2019. In summary, the Company had appropriate capital structure. GFPT Group Expansion Plan In the next 3- 5 years, the Company has planned to grow

at December 31, 2018. In summary, the Company had appropriate capital structure. GFPT Group Expansion Plan In the next 3- 5 years, the Company has planned to grow organically by investing in greenfield

revenue”, grew 5.4%YoY from the demand for EDS and Cloud. Network OPEX excluding cost of TOT partnership was +9.4% increase YoY, as the base rental and utilities increased from 4G/5G network expansion

through franchise models • Focus on regional branch expansion throughout major cities in order to create opportunities to capture more customers • Target to expand to total of 100 branches by the end of