weather condition in Japan, heavily rain and cloudy, thereby resulted low sunlight intensity. On the other hand, the cost in Q3/2018 was increased by Baht 6 million from Q2/2018 due to the prepaid rental

of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 9 million from Q4/2017 due to higher sunlight

higher sunlight intensity throughout Q2/2018. In addition, when comparing to Q2/2017, the shares of profit increased by Baht 22 million due to other expenses such as the maintenance cancellation

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q3/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 On the 9th October, after Global Power Synergy Public Company Limited (GPSC) (‘company’) have finished the Rights Offering process of Baht 74,000 million and has allocated the not exceeding 1,321,428,571 newly-issued ordinary shares to the shareholders of the Company at the offering price of Baht 56 per share. As a result, the com...

34.0% compared with the same period of 2019. Furthermore, there was a project utilizing CPO to produce electricity that the crushing mills would supply CPO for Electricity Generating Authority of

sugarcane for the 2016/2017 crushing season, thus the higher amount of sugar and also the higher by-products from sugarcane production process as raw materials for the by-products businesses. Details are as

453 million compare to THB 365 million previous year. Financial Cost The Company’s crushing progress of sugarcane was higher compare the same period last year and also higher inventory. Therefore the

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...