Microsoft Word - ACE MDA Q120 - ENG_Final 1 No. ACE-ACC-2/2020 15 May 2020 Subject Management Discussion and Analysis for the period ended 31 March 2020 To President The Stock Exchange of Thailand

Discussion and Analysis for 3rd quarter ended as of September 30, 2020 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial statement

- 1 - AIT (VP-SEC) 004E/2020 February 11, 2021 Subject: Management's Discussion and Analysis of Operating Results for the year 2020 and Q4-2020 To: The President of the Stock Exchange of Thailand

August 11, 2022 Subject: Management’s Discussion and Analysis for 2st quarter of 2022 ended as of June 30, 2022 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (“the

November 14, 2022 Subject: Management’s Discussion and Analysis for 3rd quarter of 2022 ended as of September 30, 2022 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited

authority approval to each management level to limit amounts of expenditures; project/investment approval manual; procurement and vendors selection manual; decision Questions Yes No making on procurement

์ (2) ตราสารหรือหลกัฐานซ่ึงแสดงสิทธิของผูถื้อในฐานะเจา้ของหรือผูรั้บประโยชน์ ตามโครงการจดัการลงทุน (collective investment scheme) ท่ีจดัตั้งขึ้นตามกฎหมายต่างประเทศ ไม่วา่โครงการจดัการลงทุนดงักล่าวจะ

จัดการลงทุน (collective investment scheme) ที่จัดตั้งขึ้นตามกฎหมายต่างประเทศ ไม่ว่าโครงการจัดการลงทุนดังกล่าวจะจัดตั้งในรูปบริษัท ทรัสต์ หรือรูปอื่นใด ข้อ 3 ให้ผู้ได้รับใบอนุญาตชำระค่า

expenses recognition.  The Company has not yet started to utilize its tax benefits approximately Baht 70.0 million from the investment in new machinery. Q2/2020 vs Q1/2020 (QoQ)  Net profit in Q2/2020

investment particular in machinery and equipment, industrial production, manufacturing capacity, and the value of merchandise exports were also better. Rising government expenditure is another significant