Cost of sales and services (1,162.99) (892.84) (3,358.10) (3,111.44) Gross Profit 276.37 337.83 969.38 629.01 Gain/(Loss) on exchange rate (25.11) 20.66 (21.27) 30.44 Other Income 22.53 46.57 94.50

economic slowdown, including the decrease in the demand for leather in the world market. Customers delay orders. 1.2 The company had revenue from the energy business group, which was generated from

Sakhon 74110 Thailand. E-mail: ir@aienergy.co.th บริษัท เอไอ เอนเนอร์จี จ ำกดั (มหำชน) AI Energy Public Company Limited ทะเบียนเลขที่ 0107556000311 AIE023/2023 February 17, 2023 Subject: Management’s

equipment 2.45 2.70 (0.25) (9.26) 3 Revenue from sale of other products - 1.81 (1.81) (100.00) 4 Revenue from sale of electricity 117.28 114.56 2.72 2.37 5 Other income 1.44 11.77 (10.33) (87.77) 2 Unit

Development) million baht 7,378 6,976 7,319 Operating expenses (include Research and Development) to sales (%) 13.90% 14.17% 15.61% profit marginOperating (%) 8.94% 11.32% 10.87% Other income to total revenues

sale decreased 3.71 percent from consolidated. The main revenue generated from furniture as the core business was approximate with the previous year. Other income increased significantly from interest

price competition and sale volume as well as Baht appreciation which leads to slow down in exporting thus revenue from sales of electricity and thermal energy declined due to shut down of machine for

Position Unit : Baht 31 Dec 2017 31 Dec 2016 Short-term loans from related parties 30,700,000.00 7,734,844.92 Short-term loans from other persons - 9,608,040.00 Accrued income tax expense 1,726,919.66

future growth plans. In terms of the progress on Tender Offer of Glow Energy Public Company Limited (GLOW), after the company have completed the Mandatory Tender Offer from GLOW which ended on the 22nd May

income of Baht 42.30 million or 10.32% decreased from quarter 2/2019 of Baht 84.11 million or 66.54%. In the six-month period of 2020, the Company had gross profit from service income of Baht 141.54