products. -2- Revenues Classified by Distribution Channels 12 Months 2018 12 Months 2017 Variation THB % Domestic Restaurant and Bakery Business 6,184 6,098 86 1.4 Food and Bakery Wholesales Business 773 762

of sales related to generation and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs

threat to distribution channels of the Company’s customers and they had to postpone their purchase orders of the Company’s products. Moreover, there were a number of incidents that adversely affected

9.54 100.00 (0.11) (1.14) SAAM Energy Development Public Company Limited - 3 - - Cost of sales Cost of sales related to generation and distribution of electricity under SAAM-SP1 mainly includes (1

Total revenue in 2Q19 was Baht 272.28 million, increased by 3.66% YOY as a result of new branch performance and the expansion of new distribution channels such as Pop-up Store, Mini Shop at HQ Rama 9, and

results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development Business, the manufacture and distribution of treated

some customer ending the distribution contract with some retailer which resulted in reduced sales volume since Q4/2017. Meanwhile there was some customer changing the sales format from export to domestic

distribution to boost the ratio of regular income and match the needs of the customers who would like to have a home but have not made a decision to buy one. The emphasis has been put on university students

% from the previous year, the cost of distribution was 75.48 million Baht, increased by 18.81 million Baht or increased by 33.19% as the company realized higher revenue from the previous year resulting in

the loan to the Company under Sect ion 90/12 (9) of Bankruptcy Act B.E. 2483 (1940) prohibited GSTEL from making any disposal, distribution or transfer, grant a lease, make repayment of debt, create