. According to the Power Purchase Agreement (“PPA”) with Electricity Generating Authority of Thailand (“EGAT”), which based on the principle that annual Availability Payment (“AP”) will not be lower in year of

(Management Services). Details of each plant are as follows: (1) Subsidiaries which can be categorized into 2 businesses: 1. Power Generation 1.1 Local power generation Khanom Electricity Generating Co., Ltd

before Interest, Taxes, Depreciation and Amortization EDL = Electricite Du Laos EGAT = Electricity Generating Authority of Thailand ERC = Energy Regulatory Commission EPC = Engineering, Procurement and

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2018 Ended June 30, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

PUBLIC COMPANY LIMITED NAT ABSOLUTE TECHNOLOGIES PUBLIC COMPANY LIMITED NATION GROUP (THAILAND) PUBLIC COMPANY LIMITED NATIONAL POWER SUPPLY PUBLIC COMPANY LIMITED NAVA NAKORN ELECTRICITY GENERATING

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 3 Year 2018 Ended September 30, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2020 Ended June 30, 2020 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

asset to generate revenue and it is only a place to run a business, which the Company can change to other locations. Also, the Company’s main income-generating asset is personnel. The Company is currently

target group of customers can maintain their purchasing power. For recurring income business, in November 2019, the Company kicked off the construction of “Hotel Kitch”, a 72-room hotel that will be

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion