วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 015/2020/EN 14 August 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 30 June 2020 To: The President of the

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 021/2019/EN 11 November 2019 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 September 2019 To: The President

increased by THB 6 million or 120% from Q1/2019 due to additional catering teams which resulted in higher set-ups of pop-up store in several locations. Q1/2020 vs Q1/2019YoY Revenue Q1/19 Q1/20 Change

Thailand with feed-in tariff structure of 5.66 baht per KWh for 25 years. BGRIM was included in the THSI list Announced from SET in October 2018, BGRIM was included in the Thailand Sustainability Investment

overcome the COVID-19 crisis With the dramatic impacts from COVID-19 on people and communities around the world, B.Grimm stands with all stakeholders to overcome this crisis together. We have set up the

National Reform Committee was established to help set a new platform for Thailand’s future economic and social development. Economic Outlook for 2018 In 2018, the Thai economy is forecast to grow by 4.0-4.5

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 010/2019/EN 15 May 2019 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 31 March 2019 To: The President of the

mpany’s net Company’s 7 showed a 016 at 31.5 subsidiary ails on the Change MB 870.3 13 584.6 77 136.3 35 1,591.2 21 874.0 16 172.3 63 101.7 31 443.2 31 % 3.8% 7.9% 5.3% 1.3% 6.0% 3.7% 1.4% 1.9% Sale Sell

observed a growth in subsidiary business especially in distress debt management and mobile phone distributor. The details of the Company’s performance are explained as follows: 2016 2017 Change MB % MB % MB

decrease in net income from construction and set up of new franchise branches. Costs of Sales and Service Item 1st Quarter 2020 2021 Change THB Mn % (1) THB Mn % (1) THB Mn % Revenue from sales of goods and