cash used in operation activities by the amount of 920.4 million Baht which is a result of acquisition of non-performing debts to manage and cash flow from insurance services activities. In 2018, with

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 3 Year 2019 Ended September 30, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

427.74 219.88 76.44 296.32 122.74 81.94 172.23 (1.55) 125.01 ating results f anager of the tern Printing 26.73 million e-month ende ion for the sa ting result a For the Q ended Septe 2018 249.29 24.86

, the operating result of the Company and its subsidiaries in the first 9 month of 2019 showing net loss Baht 144.20 million resulting in a decrease in shareholders’ equity. Page 4 of 4 Yours sincerely

December 31, 2019, plunging by Baht 28 .35 million or 3 2 .04 % from Baht 88 .48 million as at December 31, 2018 mainly as a result of a decrease in trade accounts payable of Baht 30 million, a decrease in

fees. Aviation Refueling Services 81% Fuel Pipeline Transportation Services 19% Services Income structure in 2019 Page 4 of 6 As a result, in 2019, the Group had expenses for cost of services and

3 million as at December 31, 2019, plunging by Baht 28 .35 million or 3 2 .04 % from Baht 88 .48 million as at December 31, 2018 mainly as a result of a decrease in trade accounts payable of Baht 30

at December 31, 2018 mainly as a result of a decrease in trade accounts payable of Baht 30 million, a decrease in short-term loans from related persons and companies of Baht 8.40 million, an increase

percent. The increase in selling and administrative expenses as a result of selling expense in relation to Condominium Project such as transfer fee and specific business tax and remuneration for employee

2019 and Annual Report of the Board of Directors in relation to the Company operating result in respect of the year 2019, which is subject to the approval of the Annual General Meeting of Shareholders No