., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 142/2560 August 8, 2017 Subject: Clarification of the Operating Result for the significant change Attention

Limited (“the Company”) would like to clarify on the change in the performance and the financial status over 20 percent for Q2/2019 ended June 30, 2019 of the Company and its subsidiaries as shown below

%) 1,401.5 1,399.4 (0.1%) Gross Profit ChangeChange Q3-2021 Q2-2022 Q3-2022 9M-2021 9M-2022 Change Percent Percent Percent QoQ YoY Percent Percent YoY Biomass Power Plant 35.1 30.4 29.0 (1.4) (6.1) 33.1 30.4

Amount Change Amount Change Q3.2020 Q3.2019 Amount % Q3.2020 Q3.2019 Amount % Revenue from sale – net 399.89 320.12 79.78 24.92% 392.11 319.50 72.60 22.72% Others income 4.70 6.87 -2.18 -31.64% 6.13 5.96

Operating Results of the Company in Q3/2019 Q3/18 Q3/19 9M/18 9M/19 Change +/(-) (THB million) YoY 9M Operating Revenue 215 312 45% 620 911 47% Gross Profit 147 202 37% 420 592 41% EBITDA 62 98 58% 161 284 76

operating expense due to the expenses of new outlets. In November 2018 the Company opened a new outlet in Rayong, stronghold location with high density, high purchasing power and high growth as a part of

Change 9M/2018 9M/2017 Change MB MB % MB MB % Services income from debts collection and others 77.7 60.5 28.4% 201.8 177.0 14.0% Revenues from collection of purchased accounts receivables 369.3 288.9 27.8

Operating Fee for trade mark in China and the change on accounting record of the audit fee expense etc.  Finance Cost Q1/2019, the Company and its subsidiaries had the financial cost 1.1 MB decreased by 1.8

energy costs. Total expenses were Baht 426.8 million, increased by 7.1% mainly due to writing-off obsolete assets caused by the temporary shutdown of furnace for scheduled maintenance. Expense for the

) operating results based on its reviewed consolidated financial statements ended 30 June 2018 as follows. Highlights on Q2-2018 Operating results Unit : Million Baht Q2-18 Q2-17 Q1-18 % Change Amount % Amount