Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

to continuous increase in Equity MW from Small Power Producer (SPP) capacity expansion serving increase in demand of Industrial customers of approximately 5%. The main distributions were from GNLL

remained sluggish, due to weak purchasing power and the lack of any specific measures from the government. In the second half of 2017, the economy moved in a positive direction driven by industrial expansion

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 3 Year 2019 Ended September 30, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

expansion and the inclusion of administrative expenses of the new power plants. 7 2.3) Non-operating items 6M'2016 6M'2017 change million Baht million Baht % Share of profit (loss) of associates and JV 102

Plant’s expansion phase Attachment: Detailed information of connected transactions Global Power Synergy Public Company Limited (“the Company”) is pleased to inform that the Board of Directors Meeting of the

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the

Period As Of Details WHA UTILITIES AND POWER PUBLIC COMPANY LIMITED 2023 Reviewed Consolidated Q2 30/06/2023 WHA UTILITIES AND POWER PUBLIC COMPANY LIMITED 2023 Reviewed Company Q2 30/06/2023 WHA UTILITIES

Period As Of Details B.GRIMM POWER PUBLIC COMPANY LIMITED 2023 Reviewed Consolidated Q2 30/06/2023 B.GRIMM POWER PUBLIC COMPANY LIMITED 2023 Reviewed Company Q2 30/06/2023 B.GRIMM POWER PUBLIC COMPANY

land and providing services related to project security and cleaning to the group customer, that operates 17 solar power plant projects in Thailand, and revenue from sales of electricity from its own