Energy Public Company Limited (“TSE”) of 181.75 million shares, which represents 10.01% of issued and paid- up shares of TSE at the total value of 925.11 Million Baht or 5.09 Baht per share to Miss

Central Retail Corporation Public Company Limited Page 1 Overview of the operating result for the fourth quarter of 2019 The company’s total revenue for the fourth quarter of 2019 was THB 63,405

Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the three-month and nine-month period ended September 30, 2019

% 12 11 14 27% 17% 14 35 n/a Total Small Power Producer 69 79 70 (11%) 1% 150 230 53% Very Small Power Plant (VSPP) - Thai Solar Renewable Company Limited (TSR) 40% 80 82 67 (18%) (16%) 230 226 (1

12 33% n/a 4 14 250% Total Small Power Producer 10 52 69 138% 165% 51 150 194% Very Small Power Plant (VSPP) - Thai Solar Renewable Company Limited (TSR) 40% 60 60 80 33% 33% 215 230 7% Total shares of

) 9 n/a n/a 23 2 (91%) Total Small Power Producer 26 29 52 79% 100% 42 81 93% Very Small Power Plant (VSPP) - Thai Solar Renewable Company Limited (TSR) 40% 74 90 60 (33%) (19%) 154 150 (3%) Total

Inter Company Limited ("S Hotels") (a subsidiary of the Company having 99.99 percent of total issued and fully paid-up shares held by the Company) and/or other subsidiaries in which the Company directly

million. UWM held 99 percent of the total issued and paid-up capital of Asia Recycle Technology Company Limited ("ART") and Asia Waste Management Company Limited ("AWM"). The Transaction is deemed to be an

. UWM held 99 percent of the total issued and paid-up capital of Asia Recycle Technology Company Limited ("ART") and Asia Waste Management Company Limited ("AWM"). The Transaction is deemed to be an

percent of the total issued and paid-up capital of Asia Recycle Technology Company Limited ("ART") and Asia Waste Management Company Limited ("AWM"). The Transaction is deemed to be an acquisition of assets