No. CAZ 015-2019 13 August 2019 Subject: Management Discussion and Analysis 2nd Quarter ended 30 June 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

Discussion and Analysis for 2nd quarter ended as of June 30, 2019 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial statement for 2nd

absence of revenue from the property development business and increase in administrative expense as explained above. Summary of Financial Performance Analysis of the Operating Results Revenues For the

Discussion and Analysis for 1st quarter ended as of March 31, 2018 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (“the Company”) would like to submit the company and its

- ร่าง - 1 May 28, 2018 Subject Management Discussion and Analysis for the year ended 31st March 2018 To President of the Stock Exchange of Thailand Secretary of the Office of Securities and Exchange

the explanation and analysis of financial position and operating result 3.3.1 Summary of financial statements during the past 3 years and the latest quarter ended March 31, 2018 (a) Statement of

คำอธิบายและวิเคราะห์งบการเงินรายไตรมาส สำหรับไตรมาสที่ 3 ปี 2545 Management Discussion and Analysis for the 1st Quarter 2018 ended May 31, 2018 AEON Thana Sinsap (Thailand) Public Company Limited

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

- ร่าง - 1 August 14, 2018 Subject Management Discussion and Analysis for the period of three months ended 30th June 2018 To President of the Stock Exchange of Thailand Secretary of the Office of

MDAE_2Q18 Management Discussion and Analysis for the 2 nd Quarter 2018 ended August 31, 2018 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated