UE, which ws funded by a capital increase via issuance of preferred shares last quarter. The majority of assets acquired by EBT of UE was the BTS- Sansiri JV (Sansiri JV)  Net debt to equity ratio as

2018 onwards. 2. The Meeting approved that Modern Street Company Limited, a subsidiary of which the Company holds 99.99 percent of total shares sold, shall sell the land, title deed number 1641, land

the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 30 September 2018 stood at 0.53x, an improvement from 0.93x

first nine months of the year; 2) the recorded transaction of treasury shares from shareholders’ equity for financial management of 4 million shares during Q1/2018, with total buyback amount of Baht 114

ขอ้ผกูพนัระหวา่งผูถ้อืหนว่ยลงทนุ กองทนุเปิด ทสิโก ้ไชนา่ A-Shares อคิวติ ี ้ เพือ่การเลีย้งชพี กบั บรษิทัหลกัทรพัยจ์ดัการกองทนุ ทสิโก ้จ ากดั สารบญั 1. บรษัิทจัดการ

Quarter Ended 31 March, 2020 Page 2 (Translation) 1. Significant Events of the 1st quarter of 2020 1.1 Sales of Ordinary Shares of Hin Kong Power Holding Company Limited On January 3, 2020, the Company sold

invested in the 214-Megawatt Yandin Wind Farm located in Western Australia. RAC has purchased 70 percent of common shares in Yandin WF Holding Pty Ltd from Renewable Energy Investment Fund Pty Ltd (“REIF

) 0.62 0.66 6.8% 0.16 0.22 0.27 69.0% 24.3% No. of shares in calculation (million shares) 2,607 2,607 2,607 2,607 2,607 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Change in

1,496 26.4% 161 510 404 150.9% -20.8% NNP - Owner of the parent 1,842 2,161 17.3% 220 715 428 94.5% -40.1% NNP per share (Baht per share) 0.71 0.83 17.3% 0.08 0.27 0.16 94.5% -40.1% No. of shares in

557 -19.0% 25.7% NNP per share (Baht per share) 0.46 0.38 -16.7% 0.26 0.17 0.21 -19.0% 25.7% No. of shares in calculation (million shares) 2,607 2,607 2,607 2,607 2,607 B.GRIMM POWER PUBLIC COMPANY