- 1 - AIT (VP-SEC) 005E/2019 February 13, 2020 Subject: Management's Discussion and Analysis of Operating Results for the year 2019 and Q4-2019 To: The President of the Stock Exchange of Thailand

Unit: million Baht 31 March 2019 31 December 2018 Fin an cia l St at us Total Liabilities 4,359 5,607 Total Asset 17,144 18,824 Total Equity 12,785 13,218 The Company’s Operating results during the

OPERATION (Unit : Million Baht) Consolidated Financial Statements 2019 2018 % Change Total Revenue 1,857.2 1,708.3 8.7% - Utilities Business 1,847.1 1,705.1 8.3% - Operating Revenue1 1,734.3 1,679.7 3.3

Overall Operating Results for the Company and its subsidiary 1.1 Analysis of Operating Results for the Company and its subsidiary Table 1: Overall operating results for the year 2019 (Unit: Thousand Baht

production yield. Subsidiaries based on operating results with continuous losses, which both subsidiaries company's operations are ceased. One of the subsidiaries; AI Logistics Company Limited (“AIL”) had

-1- AIT (VP-SEC) 003E/2024 15 February 2024 Subject: Management's Discussion and Analysis of Operating Results for the year 2023 and Q4-2023 To: The President of the Stock Exchange of Thailand

owners of the Company of THB 4,824 million, increasing by THB 235 million or 5.1%, and (2) non- controlling interest amounted to THB 1,057 million, increasing by THB 292 million or 38.2%. Unit: THB mn 31

identity of the client , the ultimate beneficiary for the securities trading of the client , and the controlling person of the client , and consider and arrange sufficient information or evidentiary

trading of the client, and the controlling person of the client, and consider and arrange sufficient information or evidentiary documentation to be informed of the client’s financial status and debt-paying

shall be sufficient measures to ensure that a client is the same person as the one appears on the application document, verify identification of the client, the beneficial owner and the person controlling