due largely to major public and private projects delays to Q2/2019 and Q3/2019; - Wholesales/Retails down 6% Y-O-Y mainly from a highly competitive environment and weak consumer spending; - Whilst

Earth Tech Environment Public Company Limited 11th November 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th September 2020 To President The Stock

(Hereinafter called “The Company”) still has carried adjustment of the business strategy to focus on the large project since last year and we got purchase order from big industry in this year in an amounting of

from the same period of last year at 12.21% due to the cost of plastic resin, which is the main raw material, was higher than the same quarter of last year, but the sell price adjustment was possible for

slightly decrease of the fuel adjustment charge (Ft) for the collection of September - December 2020 of 0.83 Satang/unit resulting in the Ft of -12.43 Satang/unit. Besides, the GPSC has been closely

direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. At the same

Public Company Limited (Hereinafter called “The Company”) still has carried adjustment of the business strategy to focus on the large project. Moreover the Company still development quality of product and

associate previously recognised through comprehensive income amount of Baht 171.2 million. (One-Time item) 2) Accounting adjustment of AAPICO Avee’s amount of approximately Baht 26.5 million. (One-Time item

20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q2/2019

approximately 39,000 megawatts, which are primarily from coal-fired power plants and hydropower plants. Demand growth is estimated to increase 8.40 percent annually. According to revision of power master plan VII