Earth Tech Environment Public Company Limited Page 1 17th August 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th June 2020 To President The Stock

considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. Along with this, we have prioritized

– economy, society and environment – under good corporate governance and appropriate risk management. Guided by the Customer Centricity strategy and resolution of delivering an excellent customer experience

received more automated system work, thus unable to control the installation time as projected in some projects. - Other income decreased 88.05% from the same period of last year due to in 2017, the Company

to The company has an automated system that is never done before, so it is not possible to control the installation time as expected. - Other income decreased 88.46% from the same quarter of last year

network with total project value of Baht 125.00 million. Under the contract, the project was due to complete in February 2018. Nevertheless, during installation, the installation areas were continuously

2020 The Company recognizes revenue from the production line installation project and the production line test for the whole system installation, which is expected to be installed in May 2020, resulting

installation of the production line and the testing of the production line in respect of the installation of the entire production line, which was installed successfully. In July 2020, the results of the

wide acceptance and recognition at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2018 1 1.2 Banking

project value of Baht 125.00 million. Under the contract, the project was due to complete in February 2018. Nevertheless, during installation, the installation areas were continuously affected by floods