electricity. Q1 2019 EBITDA rose considerably versus Q1 2018 an increase of 11% and while we face competition on volumes which may lead to revenue erosion the expectation is that the efforts on cost reduction

savings in logistics cost and electricity in the coming few months once the new operating procedures stabilize. EBITDA rose considerably versus Q2 2017 an increase of 35% as again the positive contribution

the end of the year and 2019, while we expect fuel costs to ease not before Q2 2019. On the positive side optimization in plant layouts, internal logistics, electricity consumption patterns, has

percent shareholding proportion each, NWR-SBCC Joint Venture, to carry out a soil and coal extraction and transportation at Mae Moh mine of the Electricity Generating Authority of Thailand (“EGAT”) in

supply significant portion of our internal electricity use decreasing further operational expenses. 2. Outlook Economic growth accelerated in the third quarter from the near five-year low in the second

sharing from investment in BBF increased Baht 13.38 million, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of biodiesel B10 and B20. 4

assets increased from accrued export incentive and directors’ remuneration, investments in joint ventures increased from proportional shareholding in Safe - 4 - Energy Holdings Company Limited, property

energy saving project, thereby saving the utility costs, and also resulted from the significant increase of revenue from the hospital operations. Administrative Expenses For the 2nd Quarter of the year

sell investment in Safe Energy Holdings Co., Ltd to the buyer following the sales-purchase agreement dated 25 February 2020 at the agreed price of Baht 222.90 million in which the value is lower than the

previous year, mostly from the increase in profit sharing from investment in BBF, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of