UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Sales and service income, EBITDA, and NNP in 2017 hit record high; EBITDA margin enhanced

PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Sales and service income, EBITDA, and NNP for 9M’2017 hit record high; EBITDA margin

of 5 and 7 years fixed coupon rate. This green and climate bond complies with high international standard which are the International Capital Markets Association's Green Bond Principles and the

High Net Worth investors and 3) tentative issue date in May 2018 Progress on development of solar projects in Vietnam BGRIM has agreed to develop large-scale solar power plants with an installed capacity

million as of December 31, 2017 to Baht 53,539 million as of June 30, 2018, primarily due to repayment of project loan during the period.  Total equities increased 0.6% from Baht 25,744 million as of

, 2018, primarily due to the borrowings for development of our projects under construction. • Total equities increased 7.7% from Baht 25,744 million as of December 31, 2017 to Baht 27,725 million as of

crisis together with no layoffs or pay cuts. The work-from-home policy has been implemented together with several measures to ensure that high quality of our services is not impacted. For business, most

after ATP acquisition in March 2020. • Total equities decreased by 4.9% from the end of 2019 to THB 36,776 million as of June 30, 2020, primarily due to a record of loss in hedging reserve in Other

9,945 3,822 38.43% Total Equities 7,480 7,947 -467 -5.88% In 2019, the Company’s total assets and total liabilities increased by Baht 3,355 million and Baht 3,822 million respectively, largely

8.44% Total Equities 8,203 7,947 256 3.23% For the period of January to June 2019, the Company’s total assets increased by Baht 1,096 million, mainly driven by the increase of investment in JV