stores, have led to a severe contraction of the Thai economy in the 2nd quarter of 2020 which is expected to be the deepest recession ever recorded. On 8 July 2020, the Bank of Thailand further revised

Parent was Baht 177.7 million, a 74.4% decrease from 2Q2019. For 6M2020, there were Foreign Exchange Loss of Baht 44.8 million due to USD loan of Associate companies resulting from Thai Baht depreciation

ที่ กบร No. Lor Gor. 016/2020 May 13, 2020 President The Stock Exchange of Thailand Re : Clarification on the company’s over 20% change in its operating results for 2nd quarter, 2020 Dear Sir, Thai

% and decrease of 78%, compared to the same period of the previous year respectively. The Company would like to clarify the significant reasons for the increase/decrease in profits for the third quarter

increased. Other incomes A reason of decrease in other income in 3rd quarter 2018 compared to the same period previous year mainly due to gain from foreign exchange since Thai baht depreciated against US

period last year the Company recorded gross profit margin of 35.27%, decreased by 2.23% as a result of the following; 2.1 A decrease of gross profit margin by 0.69% due to the practice to comply with Thai

subsidiaries recorded sales revenue of Baht 4,921 million, a decrease of 8% YoY, mainly due to domestic branded sales shrinkage and financial statement adjustment in accordance with new Thai accounting standards

213 million, a decrease of 14% YoY, representing gross profit margin of 17.7%, reduced from 20.7% in Q3/2018, mainly due to financial statement adjustment in accordance with new Thai accounting

1,240 million, a decrease of 7% YoY, mainly due to financial statement adjustment in accordance with new Thai accounting standards. Details are as follows: H1/2019 Sales Revenue The Company and its

Analysis for the year 2019 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information for the year 2019. Because the Company