temporary closed for renovation and transition of Food business restructuring by transferring Central Kitchen to Oishi Food Service Co., Ltd. to support the business growth. Cost of Sales Total cost of sales

with 9 title deeds of total areas of 5-1-05.8 Rai (2,105.08 Square Wah) located at Rop Wiang, Mueang, Chiang Rai from three sellers; Central Land & House Complex Co., Ltd., C P T Hotel and Resort Co

and buildings with 9 title deeds of total areas of 5-1-05.8 Rai (2,105.08 Square Wah) located at Rop Wiang, Mueang, Chiang Rai from three sellers; Central Land & House Complex Co., Ltd., C P T Hotel and

1,165.8 29.0% - SPP 647.3 227.3 184.8% - Alternative Energy 4.6 6.0 -24.0% - Power Plants under Constuction and Development (16.9) 21.9 -177.1% 1 Normalized Share of Profit from Investments in Associates

Joint Ventures. By Category of Power Plant 2Q2016 2Q2017 Increase /(Decrease) Baht million Baht million Baht million % IPP 205.1 563.1 358.0 174.6 SPP 20.1 99.6 79.5 395.0 Alternative Energy 0.4 2.2 1.8

Category of Power Plant 3Q2016 3Q2017 Increase /(Decrease) Baht million Baht million Baht million % IPP 253.8 422.6 168.8 66.5 SPP (49.0) 122.5 171.5 -349.9 Alternative Energy 2.0 1.5 -0.4 -21.5 Power Plants

Alternative Energy 6.6 6.0 (0.6) (9.2) Power Plants under Constuction and Development (62.6) 69.2 131.8 210.6 Share of Profit from Investments in Associates and Joint Ventures and Dividend Income 985.0 1,995.4

358.9 -6.8% 1,032.2 897.8 15.0% - SPP 186.3 86.6 115.1% 513.0 198.8 158.0% - Alternative Energy 1.2 1.5 -21.5% 4.0 5.0 -21.7% - Power Plants under Constuction and Development (3.3) (7.9) -58.1% (9.8

loans or seeking an alternative funding. All of these strategies helped to reduce impact toward MK. As a result, MK could maintain the sales of housing units same as the first six months of 2018. Sale of

No. IIG 002/2020 14 August 2020 Subject: Management discussion and analysis for the second quarter of 2020 Attn: Governors and President Market for Alternative Investment (MAI) I&I Group Public