6.38  Payout Ratio 0.40  0.62  1.71  Dividend Policy Not less than 30% of net profit after deduction of corporate income tax and legal reserve (with additional conditions) 1  CG Score 2021 from Thai

(%) -2.56  109.50  106.30  Dividend Yield (%) N/A  0.08  1.41  Payout Ratio 0.05  0.07  0.62  Dividend Policy Not less than 50% of the net profit after income tax and all types of reserves as required by law

net profit after corporate income tax (with additional conditions) 1  CG Score 2021 from Thai Institute of Directors Association (IOD) 2  AGM Level 2021 from Thai Investors Association 3  Companies

financial statements, after deducting taxes, legal reserve and other amounts (if any) (with additional conditions) 1  CG Score 2021 from Thai Institute of Directors Association (IOD) 2  AGM Level 2021 from

, Month, Year of entering into the transaction. After obtaining the approval from the Company’s Board of Directors’ Meeting No. 8/2020 on May 8, 2020. The attendance of the directors present at the meeting

corporate income tax of THB 98.7 million or THB 79 million after tax. Without consideration of net profit from land sold, the normalized net profit of 1Q’19 would be THB 97.7 million comparing to THB 82.9

demand and driving to expand the export market. After the Company has expanded our reach to Latin America, Brazil, Mexico and Peru, we have studied the new market group in Africa, such as Egypt, Turkey etc

1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

of connected transaction to the SET. Page 2 of 4 1. Date, Month, Year of entering into the transaction. After obtaining the approval from the Company’s Board of Directors’ Meeting No. 9/2020 on May 28

continued improvement in plant efficiency. • EBITDA margin increased y-on-y to 28.6% in Q2’2020 and 28.9% in 6M’2020 from 1) ABP5 and BPWHA1 improving heat rate after gas turbine upgrade in July 2019 and