due to the decreased in revenue from solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the decrease in revenue from chilled water following the

) Industrial and chilled water Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Cost of sales and services (exclude depreciation and amortization) (THB million) Management Discussion

and amortization) (THB million) Industrial and chilled water +7% YoY +18% QoQ Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q1/2018 Selling and administrative expenses In Q1

(THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +66% YoY +7% QoQ

buildings and industry, low-carbon transport, bioenergy, water infrastructure and sustainable agriculture. The Standard is an environmental standard. It does not substitute for financial or other due

preventive measures since Q2/2017 to control the quality of coconut water throughout the supply chain to ensure that the coconut water products manufactured by the Company will have no quality problems in the

revenue from chilled water of Combine Heat and Power Producing Company Limited (CHPP). The Proportion of Gross Profit in Q2/2019 Small Power Producer (SPP) Baht 3,616 million (60%) Independent Power

) Industrial and chilled water Steam 28% 35% 30% 37% 33% 35% 33% 30% 32% 2% 2% 2% 5,553 5,366 5,459 Q2/2016 Q1/2017 Q2/2017 -2% YoY +2% QoQ -2% 28% 35% 30% 60% 51% 56% 5% 5% 5% 4% 5% 5% 3% 3% 3% 4,302 4,268

income from the sale for the 3 months period ended 30 June 2019 for 29.04 million baht. This is because of the income earned by Grace Water Made Co., Ltd. (“GWM”), the Company running the business of

the income gained in this current year. Investment project on hand as ended 30 June 2018 The progress of 2 ongoing investment projects are as follows: 1. Water Supply Investment Project for Chiang Mai