) Administrative expenses 28.47 27.28 1.19 Earnings before interest and tax 31.89 19.15 12.74 Finance costs - Existing businesses 4.33 9.63 (5.30) Finance costs - Solar energy 9.57 1.80 7.77 Profit before income tax

service of electricity engineering. • Property, plant and equipment has increased Baht 30.22 million, as a result of assets for solar energy. • Restricted cash decreased by Baht 6 5 . 2 4 million because

. 68 million to Baht 1,580.25 million, which is increased by 11.94% due to additional revenue of engineering service in 2017 and revenue from solar energy began to recognize in 2017. Statement of

....................................................................................................................................... 7 Solar energy .................................................................................................................................................... 8 Other income and fixed cost

2.13 (0.24) -11% Administrative expenses 60.69 52.29 8.40 16% Earnings before interest and tax 66.02 59.91 Finance costs - Main businesses 9.87 15.30 (5.42) -35% Finance costs - Solar energy 18.05 16.76

margin 17.05% 16.36% Other income 0.10 3.51 (3.41) -97.04% Selling expenses 1.41 1.78 (0.36) -20.35% Administrative expenses 27.85 22.39 5.46 24.37% Earnings before interest and tax 40.15 36.83 Finance

project site location and rendering of related services to clients who operate 17 solar power projects in Thailand, and (2) revenues from the sale of electricity from its own solar power project operated by

doubtful accounts 56.85 - 56.85 Earnings before interest and tax (12.13) 135.08 Finance costs - Main businesses 20.06 23.05 (2.99) -13% Finance costs - Solar energy 35.41 35.69 (0.28) -1% Profit before

) of 677 MW solar projects in Vietnam in June 2019 including the largest solar project in Southeast Asia with smooth operation continually and - Achieving COD of Namche 1 and Interchem in June and

Limited (“TSEO”) which is a subsidiary with 100% shareholding by Thai Solar Energy Public Company Limited equivalent to 74,000,000 ordinary shares at the par value of Baht 10 per share, totaling transaction