SAAM Energy Development Public Company Limited - 1 - 7 August 2020 Subject: Management Discussion and Analysis for the period ended 30 June 2020 To: The President The Stock Exchange of Thailand SAAM

prices and the Company suffered devaluation loss on Finished Goods stock, Raw Material in stock and in transit as explained above. Though the prices have continued to weaken month on month, we are now

13_MDA Q1_2563 EN -Translated Version- No. ECF2 018/2020 May 15, 2020 Subject: Management Discussion and Analysis of the 1st quarter ended 31 March, 2020 To President The Stock Exchange of Thailand

realized a decreased Stock Loss & NRV of THB 7 million or 28%, compared to 4Q2018. Due to above reasons, EBITDA was recorded at THB 3 million, increased from the previous quarter by 200% and Adjusted EBITDA

Discussion and Analysis for 3rd quarter ended as of September 30, 2015 (SEC to edit) (Revision) Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit

1 Ref: AC.008/2020 25 February 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

วันที่ 10 พฤษภาคม พ -Translation- 1 Ref. LPN/Sor.Kor./172/2560 10th August, 2017 Re: Report on Financial Analysis in Q2/2017 Dear: President The Stock Exchange of Thailand L.P.N. Development Public

วันที่ 10 พฤษภาคม พ -Translation- 1 Ref. LPN/Sor.Kor./277/2560 9th November, 2017 Re: Report on Financial Analysis in Q3/2017 Dear: President The Stock Exchange of Thailand L.P.N. Development Public

1 Ref: AC.016/2019 4 May 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

March 31, 2019 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For three months ended March 31, 2019 Overall Group Performance Table