Company’s Independent Financial Advisor by the executive committee which authorize by the Board of Directors to provide advise towards the following matters: 1) acquisition of assets transaction and the

1,000 million with a fixed coupon rate of 2.94 % and 3) 15-year tranche of THB 2,500 million with a fixed coupon rate of 3.24%. GPSC - Q2/2020 Management Discussion and Analysis (MD&A) 2 Executive Summary

Consolidated financial statements as of 31 December Year 2018 (Audited) Year 2017 (Audited/Restated) Change Increase (Decrease) THB million % THB million % THB million % Total assets 445.12 100.00% 302.49 100.00

. FINANCIAL POSITION The Consolidated Balance Sheet as of 30 September 2017 is summarized as follows. Assets As at 30 September 2017, the Company’s total Assets amounted to Baht 20,831.9 million, increased by

February 2019 October 1) EGM no. 1/2018, on 11 October 2018 approved the investment in assets of KPNL through EBT and the allocation of newly issued ordinary shares of the Company to KPNL 2) Appointed Mr

Assets 240.87 305.00 -64.13 -21.03 Non-Current Assets 260.05 259.75 0.30 0.12 Total Assets 500.92 564.75 -63.83 -11.30 Current Liabilities 182.60 202.31 -19.71 -9.74 Non-Current Liabilities 146.89 156.49

assets as ended September 30, 2018 were Baht 11.97 million and Baht 4.42 million, respectively. Slib Soongsawang Mr.Slib Soongsawang (Chief Executive Officer)

VII Financial Status Description December 31st, 2019 March 31st, 2020 Differentiate Million THB % Total Assets 32,079.5 32,601.3 521.8 1.6 Total Liabilities 21,145.6 21,732.0 586.4 2.8 Total

December 31st, 2019 June 30th , 2020 Differentiate Million THB % Total Assets 32,079.5 33,915.0 1,835.5 5.7 Total Liabilities 21,145.6 22,335.9 1,190.3 5.6 Total Shareholders’ Equity 10,933.9 11,579.0 645.2

business relating to the main business of the Company and make the payment for assets acquisition with share of WCIH not exceeding of 101,849,993 shares or 56% of total WCIH shares resulting in termination