trust does not have any remaining accumulated profit; (c) the trust increased the capital to acquire an infrastructure asset but was failed to do so; (d) the trust has non-cash expenses that are not

Heat and Power Producing Company Limited (CHPP), despite the increased in overall cost of goods and services. In order to acquire shares of Glow Energy Public Company Limited (“GLOW”), the company had

seasonality trend of the third quarter of every year, and increased by Baht 3,686 million or 269% from Q3/2018 after the acquisition of GLOW. The adjusted net income was at Baht 1,542 million which reflects the

from GLOW’s IPP Power Plants. (Q4/2018 did not acquire GLOW yet). • The total cost of sales of goods and rendering services of Small Power Producer (SPP) in Q4/2019 increased by Baht 6,840 million due to

sale of goods in the number of 9,607.12 million Baht was increased by 327.33 million Baht or 3.53% of the previous fiscal year. The sale growth rates compared to the year of the previous fiscal year are

barely changed yoy. Cash and cash equivalent decreased 19% due to the spending of some internal cash flow to acquire the remaining shares of the subsidiary in 1Q’18. Trade receivable increased because of

spending of some internal cash flow to acquire the remaining shares of the subsidiary. Social Security Office’s trade receivable increased which was in line with more registered persons and higher payment

quarter of 2018 (“3Q’18”) was THB 427 million, increased 9% yoy. Non-social security yoy revenue growth was highly 18% while social security revenue growth slightly decreased. Non-social security’s

quality of debt acquired and efficient of collection team, the Company’s financial performance in 2017 reached to its highest in corporate history with net profit of 396.1 million Baht, increased at 36.4