17 solar power plant projects in Thailand, and revenue from sales of electricity from its own solar power plant operated by its subsidiary. For the year 2016 and 2017, revenues are THB 73.79 million

revenue Cost of sales Cost of goods sold consists of raw material and packaging, salary and wage of production staff, depreciation of property, plant and equipment, transportation and logistics and other

revenue 40.7 30.9 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative expenses Administrative expenses mainly comprise

selling expenses 263.01 100.00 200.51 100.00 (62.50) (23.76) % to sales revenue 35.85 52.16 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop

(22.49) (18.81) % to sales revenue 31.95 48.01 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative Expenses The Company recorded

) (12.12) % to sales revenue 34.69 40.85 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative Expenses The Company recorded

expenses 147.44 100.00 108.69 100.00 (38.75) (26.28) % to sales revenue 38.39 43.51 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Table 8

revenue from Availability Payment has decreased from the third quarter of 2019, together with the increase in maintenance cost corresponding to planned maintenance shutdown from Sriracha Power Plant, Glow

: Management Discussion and Analysis For the years ended 31 December 2019 Summary of Performance Sales Revenue For the years ended 31 December 2018 and 2019, the Company recorded total sales revenue of THB

) (17.73) % to sales revenue 37.80 54.87 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative Expenses The Company’s administrative