(Translation) (Translation) IR 014/19 November 12, 2019 President and Director The Stock Exchange of Thailand Subject : To explain the reasons on the company’s net profit (net loss) more than 20

% Gross profit 27.23 37.66 10.43 38.30% 81.03 120.73 39.71 49.00% Other income 0.04 0.06 0.02 57.94% 0.10 0.21 0.11 115.92% Selling expenses (0.86) (1.25) (0.40) 46.52% (3.30) (5.59) (2.29) 69.39

3.72 28.95 Administrative Expenses 26.12 17.28 17.22 15.01 2.21 14.72 Financial costs 0.54 0.21 0.43 0.21 0.22 104.76 Total Expenses 185.71 162.73 165.02 154.11 10.91 7.08 Profit before share loss from

Second Quarter of 2019 WHAUP finished our 2Q2019 with a Net Profit of Baht 857.5 million, a 189.8% increase from 2Q2018 with Normalized Net Profit of Baht 695.3 million, a 46.9% increase from 2Q2018. For

revenues of sold electrical equipment and the revenues from the sold telecommunication towers because the communication system 4G is coming to the end of the investment period. 2. Gross profit : The total

First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million

685.84 21.11 3.1% Cost of sales -194.96 -208.31 13.35 -6.4% -617.06 -601.34 -15.72 2.6% Gross profit 30.01 25.36 4.65 18.3% 89.89 84.50 5.39 6.4% Other income 1.45 1.26 0.19 15.2% 3.61 5.15 -1.54 -29.9

businesses since we focus on expanding customer base with business expertise • Overall gross profit margin increased from 9.8% to 11.3% amount Baht 45 million. 2019 2018 Change % Change Revenue 1,839 1,673 167

, led to an overhaul in international auditor supervision. The SEC has witnessed a shift from a system of Self-Regulatory Organization (“SRO”) under a professional body to a more stringent regulatory

-profit organisation promoting large-scale investments that will deliver a global low carbon and climate resilient economy. The Initiative seeks to develop mechanisms to better align the interests of