Analysis for the year 2019 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information for the year 2019. Because the Company

October 2004 (as amended) where the calculation of transaction size will be based on (1) the consolidated financial statements of the Company ended 30 September 2018 which were reviewed by the Auditor and

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Q1’20 Consolidated Financial Results 12 May 2020 Q1’20 Management Discussion & Analysis Page 1/6 Financial Highlights

derived from the method of calculation, whereby the calculation is based on the Company's reviewed consolidated financial statements for the 6-month period as of 30 June 2019. Therefore, the entering of

raw material price.) Consolidated financial statement, the Company recorded net profit of THB 318 million and net loss THB 1,048 million for the year 2017 and 2016 (Separate: net loss THB 1,006 million

Discussion and Analysis (MD&A) for year 2017 (Revised) 11 Performance With reference to the aforementioned financial statements, the Company reports a consolidated net profit of THB 365 million and net loss of

“Notifications on Acquisition or Disposal”), having the highest transaction value of 31.09 percent, calculated from the Consolidated Financial Statement of the Company for the period ending 30 June 2017, which is

and Disposition of Assets, 2004 (collectively, the “Notifications on Acquisition or Disposal”), having the highest transaction value of 31.09 percent, calculated from the Consolidated Financial

, increase THB 1,481million due to the increase in sale volume as well as the increase in raw material price.) Consolidated financial statement, the Company recorded net profit of THB 53 million and net loss

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: Q4’19 and FY2019 26 February 2020 FY2019 Management Discussion & Analysis Page 1/6 Financial