Management Discussion and Analysis 1. Significant events in the third Quarter of 2019 1.1 The progress in construction projects 1.1.1 Project completion - SBPL Project, a project of San Buenaventura Power Ltd

. Advance payments for constructions and purchase of fixed assets decreased by Baht 54.4 million from Krabi Solid Waste Power Plant which some progress was done during the period. Rights to service under

decreased by Baht 36.2 million from Krabi Solid Waste Power Plant, which partially progress is done during the period. Rights to service under concession arrangements increased by Baht 508.2 million from

from Krabi Solid Waste Power Plant, which partially progress is done during the period. Rights to service under concession arrangements increased by Baht 712.7 million from concession rights of Krabi

the compensation in 2 projects at installed capacity 30 MW per project. The Group submitted the lawsuit since 2020 and, at present, the lawsuit still in the progress of consideration of the Central

at the end of 2021, the Company does not have large project that requires a lot of investment compared to the end of 2020 which is a large project in progress. Therefore, the purchase of goods and

at the end of 2021, the Company does not have large project that requires a lot of investment compared to the end of 2020 which is a large project in progress. Therefore, the purchase of goods and

projects at installed capacity 30 MW per project. The Group submitted the lawsuit since 2020 and, at present, the lawsuit still in the progress of consideration of the Central Administrative Court

. 2 MB, representing an increase of 23. 8% because at the end of the year 2022, the revenue was recognized base on the completion of project, which has been operated according to progress but has not

financial statements and consolidated financial statements, the asset value, net asset value, and investment unit value of the mutual fund, project progress in cases where the mutual fund invests in an