% from those of the same period last year due to Power & Systems / Fan & Thermal Management business slow down but went up 6.5% from last quarter due to the recovery of power supplies for the automotive

. Approval for the determination of authorized directors who sign to bind the Company, which shall be effective from 1 June 2020 onwards. Details of which are as follows: Current “Mr. Marut Arthakaivalvatee

TRANSLATED VERSION Codified up to No. 2 As of June 12, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. 2 13

TRANSLATED VERSION Codified up to No. 2 As of June 12, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

(MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 99.79% (The construction plan was 99.72%). The

according to the additional paid up in the capital of GPSC’s associate and in increase in assets, and property plant and equipment (PP&E). Moreover, for the year 2017, GPSC and its subsidiaries had net cash

V3 22/02/61 10:09 น. 0 V3 22/02/61 10:09 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2017 In 2017, Thailand’s real GDP grew by 3.9 percent, up

, remained under pressure from excess production capacity. Headline inflation in the third quarter of 2017 averaged at 0.45 percent, up from 0.26 percent in the same period last year, following higher energy

quarter of 2019 was 1.08 percent, down from 1.31 percent in the same quarter last year, and up from 0.74 percent in the previous quarter. It remained within the Bank of Thailand’s (BOT) target range of 1-4

(UNOFFICIAL TRANSLATION) Codified up to No. 4 As of 28 March 2018 Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference