Page 1 of 4 GEL.CS.006/2562 14 November 2019 Subject: Management Discussion and Financial Analysis for the operating results of the third quarter of 2019, ended September 30, 2019 To: Director and

Limited would like to explain and analyze the operating result of the change for the year 2019 ending December 31, 2019 with the details as follows: Unit : million baht Statement of financial position 2019

(Translation) NEP-AC 001/2560 10 August 2017 Subject : Management Discussion and Analysis for 2nd Quarter ended 30 June 2017 To : The President The Stock Exchange of Thailand Operating Result NEP

Gross Margin 7.42% -2.09% Net Profit Margin -12.37% -14.39% Debt to Equity Ratio (Time) 8.96 5.88 Total Expenses The 3-month Operating Result as ended 30 June 2017 Construction Income In the 2nd quarter

(Translation) NEP-AC 002/2560 9 November 2017 Subject : Management Discussion and Analysis for 3rd Quarter ended 30 September 2017 To : The President The Stock Exchange of Thailand Operating Result

) -0.09 -0.23 Gross Margin 4.53% -6.63% Net Profit Margin -15.27% -25.30% Debt to Equity Ratio (Time) 13.51 6.92 Total Expenses The 3-month Operating Result as ended 30 September 2017 General Information

revenue from sales and service per total operating days of the same branch Other income grew from THB 33.7 Mn in 2017 to THB 42.5 Mn in 2018, an increase of THB 8.8 Mn or 26.2%. This increase was mainly due

1 (Translation) MD. 083/2019 May 8, 2019 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

(Translation) NEP-AC 003/2562 14 August 2019 Subject: Management Discussion and Analysis for Q2 ended of 30 June 2019 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

Page 1 of 4 GEL-ACC621536 14 August 2019 Subject: Management Discussion and Financial Analysis for the operating results of the second quarter of 2019, ended June 30, 2019 To: Director and Manager