. Exemption related to the fund includes value added tax, special business tax and stamp duty incurring from transfer of property into the fund with transfer back agreement or re-transfer to governmental

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 1 Year 2020 Ended March 31, 2020 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

% 4,586.4 5,315.9 729.5 15.9% Revenue from finance lease under power purchase agreement 99.2 101.6 104.9 105.3 0.4 0.4% 401.2 411.0 9.8 2.4% Revenue from construction under a concession arrangement

(25.5) (1.7%) 6,502.1 6,166.0 (336.1) (5.2%) Revenue from finance lease under power purchase agreement 102.4 104.5 105.2 104.6 (0.6) (0.6%) 414.9 416.7 1.8 0.4% Cost of sales and services (1,274.4

increase as agreed, which might lead to the company’s business downsizing or termination, the Securities and Exchange Commission (SEC) has, on the same day, notified Zipmex, in writing, to provide

Supervisory Board by acquiring ordinary shares of CPT Drive and Power Public Company Limited (“CPT”), which resulted in crossing the 25 percent threshold of the total voting rights of the business, without

acquiring ordinary shares of CPT Drive and Power Public Company Limited (“CPT”), which resulted in crossing the 25 percent threshold of the total voting rights of the business, without complying with the

acquiring ordinary shares of CPT Drive and Power Public Company Limited (“CPT”), which resulted in crossing the 25 percent threshold of the total voting rights of the business, without complying with the

: Base on 100% in GLOW Q2/2019 Outlook and Business Directions Executive Summary Note: The diagram shows the power generation capacity growth after merging with GLOW • After the acquisition of GLOW, the

involves issuance of capital shares and change of the controlling power. Thus, the shareholders should decide for themselves whether to accept or exempt a tender offer for all securities of the business