ACC6206/004 28 June 2019 Subject Inform the progress of the sale stock in the subsidiary company To Director/ Managing Director The Stock Exchange of Thailand According to the meeting of the Board of

, showing a decrease of Baht 55.30 million or representing 24.14 % decrease since there have been only 5 ongoing projects whereas a subsidiary had 1 additional ongoing project with its contract value of Baht

the accounting period ended March 31, 2019, there was no any noteworthy progress of such case as disclosed in the notes to financial statement for the year ended December 31, 2018 Section 27.5. 4

progress of construction as of 31 January 2018 is approximately 70 percent. (Source: Management of GS). This project has received a contract to operate the water supply business on behalf of the subsidiary

joint venture was later awarded for the aforementioned project with the contract value of Baht 522.24 million. On July 2018, the first amendment to the agreement has been entered into, which both parties

derived from the following reasons: 1. Engineering service (“EN”) had a decrease in gross profit for Baht (94.87) million as the following reasons: 1.1 Cost incurred from the delay under the contract

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC

Company has assessed the impact from such delay in project completion. In relation to this project, there were unbilled contract revenue amounting to Baht 57 million, which the collectability are directly

contract value. The two of them were completed in 2016 whereas another has been under execution during the current year. Service Cost The service cost in 2017 was Baht 16.78 million whereas Baht 23.42

operation in GS. The area under the water supply contract has high water requirements. This area is full of the community, tourist attraction, and industrial factory which currently suffers from the shortage