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

increase of 540 million baht or 18% compared to fiscal year 2017, and earning per share (EPS) of 14.03 baht per share. The operating performance is summarized as follows; Overview According to Bank of

Bt170.3 million or 10.3%(y-o-y), mainly due to 1) the increasing in the direct labor costs 2) the depreciation from the FPT’s multi- products fuel pipeline expansion project to the northern of Thailand

will increase by Bt1.7 million and Bt24.7 million or 0.7%(y-o-y) and 4.1%(y-o-y) with a net profit margin of 27.6% and 31.8%, respectively. Page 3 of 8 Table summarized the operating results of the Group

under a Power Purchase Agreement) increase 10.8% QoQ from Baht 1,637.7 million to Baht 1,814.8 million. The increasing of Baht 177.1 million mainly derived from sales of natural gas power plant which

the Third Quarter of 2019 WHAUP finished our 3Q2019 with a Net Profit of Baht 456.2 million, a 27.7% decrease from 3Q2018 while Normalized Net Profit of Baht 445.8 million, a 1.5% increase from 3Q2018

increase was affected an increase in number of employees that were recruited to support to business expansion. The management expenses also increased by Baht 16.72 million from the Company’s subsidiaries

increase of Baht 46.6 million, or 14.5%, Year-on-Year (YoY) compared to the same period last year. As such, a detailed analysis regarding the operating performance results for Q3/2017 is as follows

property ownership transfer as well as more newly launched projects which subsequently increase the selling and administrative expenses from continuously business expansion. Financial costs For the three

low margins since it is selling only hardware yet competitive. As a result, the changes in net profit increased at lower rate than the increase in revenue. Besides, the increase in revenue partly came