Offeror : ROYAL GARDEN HOTEL MANAGEMENT LTD. | Date of submission of the Statement of Intention : 03/06/2003

Profit in Q4/2019 Small Power Producer (SPP) Baht 3,468 million (74%) Independent Power Producer (IPP) Baht 1,141 million (24%) Very Small Power Producer (VSPP) and others Baht 73 million (2%) 4,682

performance after the acquisition of GLOW including Independent Power Producer (IPP), Small Power Producer (SPP) and Very Small Power Producer (VSPP) and Others. For Q2/2019, the adjusted net income was at Baht

/2018YoYQoQ The Proportion of Gross Profit in Q3/2019 Small Power Producer (SPP) Baht 3,658 million (60%) Independent Power Producer (IPP) Baht 1,713 million (38%) Very Small Power Producer (VSPP) and others

1Q19 was maintained at 2.3% resulting in loan spread for 1Q19 at 4.8%, a slight decline from 4.9% during 1Q18. 6 % 1Q18 2Q18 3Q18 4Q18 2018 1Q19 Yield on loan 7.2 7.2 7.3 7.3 7.2 7.1 Cost of fund 2.3 2.3

improvement especially in the small passenger car segment from the new car purchase as a result of the end of the first car scheme. The number of new car sales for first two months of 2018 expanded by 13.0% yoy

improvement especially in the small passenger car segment from the new car purchase as a result of the end of the first car scheme. The number of new car sales for first three months of 2018 expanded by 12.6

equipment sales and increased in number of registered vehicles for investment purposes. Exports during the first 2 months of 2019 registered a slight increase of 0.2% yoy, decelerating from the same period

accepted accounting principles. The company did not arrange the assessment of value and quantity of small-sized gas cylinders and record allowances for impairment in accordance with generally accepted

the investor is unsure what to do and therefore spreads the portfolio and income across the available options. The very small standard error shows that the benefit of the more tax-efficient portfolio