30, 2013 that Mr. Sathit was the owner of ABC shares. Such action aided and abetted Mr. Sathit to violate section 247 and was to conceal that Mr.Sathit was the owner of ABC shares. SEC Act S.247 in

) ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION Normalized Net Profit (NNP) • NNP / NNP - owner of the parent increased 64.4% / 69.0

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity

11,534 25,744 123.2% Total equities attributable to Owner 5,900 18,653 216.2% Net-int debt to equity (times) 4.1 1.4 STATEMENT OF FINANCIAL POSITION ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful commercial

Baht 189.59 million. The net profit rate was increased from profit of 1.46% to profit of 3.58%. 5. The projects are still under construction have not yet delivered to the owner at February 28, 2019 are

(BGRIM) at “A” with “stable” outlook. The rating reflects the company’s position as one of the leading private power producers in Thailand, its well-diversified portfolio of cogeneration power units under

11,534 25,405 120.3% Total equities attributable to Owner 5,900 18,240 209.1% Net-int debt to equity (times) 4.1x 1.5x STATEMENT OF FINANCIAL POSITION ABBREVIATION & OUR PROJECTS EXECUTIVE SUMMARY

PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and Service

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of