the acquiree. Acquisition date Company A is a manufacturer and distributor of product, which has its own brands. Transaction costs of an equity transaction 24 IPO Cost IPO Company Expense Net proceed

= Selling, general & administrative expense OUR PROJECTS ABPIF = Amata B.Grimm Power Plant Infrastructure Fund ABP1 = Amata B.Grimm Power 1 ABP2 = Amata B.Grimm Power 2 ABP3 = Amata B.Grimm Power 3 ABP4

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS New Capital Structure and Use of Proceed from IPO Regarding our IPO, we received net proceed from IPO in the amount of Baht 11,078 million composing

management continued resulting in controlled network OPEX. SG&A rose in the quarter to support customer acquisition and the one- time expense of Bt134mn on withholding tax. As a result, normalizing the one

gain / (loss) from FX – Non-recurring income / (expense) KEY FINANCIAL HIGHLIGHT Sales and Service Income • Sales and service income increased 13.5% year- on-year from Baht 27,747 million in 2016 to Baht

the one- time expense, normalized EBITDA in 2Q19 was Bt19,753mn, increasing 4% YoY and 4. 5% QoQ, while normalized net profit was Bt8,234mn, increasing 2.9% YoY and 8. 1% QoQ. In conclusion for 1H19

the delay in ownership transfer in a certain number of our customers and lockdown policy implemented in various countries causing difficulty for real estate foreign buyers to proceed the ownership

is essential to proceed to get the license from related government sectors before business operation including of having business negotiation with related private sectors. Then, it could start business

) (16%) Administrative expenses 277 15% 173 13% 104 60% Finance cost 33 2% 23 2% 10 43% Income tax expenses 19 1% 24 2% (5) (21%) Selling expenses In 3Q17, the Group has the selling expense of Baht 21

ordinary shares, as this method provides greater expense savings compared to selling the land. The Buyer has not been connected person under the Notification of The Board of Stock Market Regulator. According