(Source: Bank of Thailand). The overall global aviation industry in first half of 2018, a growth in passenger traffic was supported by 7.0 percent increase in revenue passenger kilometers (RPK) where Asia

first 9 months 2018, the overall global aviation industry continued to grow in terms of passenger traffic and travel demand. However, the growth had declined from the same period last year. The main

, trade, and finance have been severely disrupted. (Source: Bank of Thailand) The hardest in Aviation industry from COVID-19 pandemic. It can be seen that worldwide Revenue Passenger Kilometers (RPK

recorded gain on fair value adjustment of investment due to reclassification in the amount of Baht 2,334 Million, net of corporate income tax. 5. The progress of the MRT Blue Line Extension Project At the

Financial cost 20.31 33.61 (13.30) (39.57) Net Income (Loss) of the Company (22.91) 100.37 (123.27) (122.82) Earnings (loss) per share (Baht per share) (0.004) 0.022 (0.026) (119.90) Net profit (Loss) The

representative or 360-degree technology. Until now, offering a deep discount to potential customers was not expected because of the Company’s financial strength with Net Interest-Bearing-Debt to Equity at 0.97

37% EBITDA 81 111 36% 223 288 29% Net Profit (Loss) for the Company 34 54 59% 82 131 60% Gross Profit Margin (%) 64.6% 66.0% 1.3% 63.2% 64.8% 1.6% EBITDA Margin1 (%) 32.8% 32.6% (0.2%) 32.6% 31.6% (1.0

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

Management Discussion & Analysis (MD&A) Q1/2018 Executive Summary Executive Summary 1 For Q1/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 922 million

12 months of net profit criteria, the size of transaction would be equal to 10.28%, thus, such disposal would be required to report to the SET as specified in the Acquisition or Disposal Notification