CREATIVE TEAM (A.C.T) COMPANY L... ADDA (THAILAND) PUBLIC COMPANY LIMITED ADISORN SONGKHLA COMPANY LIMITED ADVANCE FINANCE PUBLIC COMPANY LIMITED ADVANCE POWER CONVERSION COMPANY LIMITED ADVANCED ASSET

SAAM Energy Development Public Company Limited - 1 - 4 January 2019 Subject: Management Discussion and Analysis for the 9-month ended 30 September 2018 To: The President of the Stock Exchange of

February 28,2020 Re: Clarification of the operating results of company and its subsidiaries for the year ended as at December 31, 2019 To: President The Stock Exchange of Thailand K.C. Property

professional fees supporting international business expansion, while the Company had reduced legal fees. SAAM Energy Development Public Company Limited - 4 - Finance cost In Quarter 3 of 2019, finance costs

, finance lease liabilities. Now, the company has 10 projects for sale. As at December 31, 2018, company and subsidiaries had less total equity Baht 87.70 million or 16.06%. Yours sincerely, ( Mr. Santi

expansion, while the Company had reduced legal fees and unrealized loss on foreign exchange relating to equipment deposit. SAAM Energy Development Public Company Limited - 4 - Finance cost In Quarter 2 of

Company incurred 312 million baht of unrealized foreign exchange gains due to mark to market of convertible bonds amounting of USD 180 million and realized gain on group restructuring. Finance Costs In

Management Discussion and Analysis 2Q20 Finance Costs In 2Q20, the Company reported finance costs at THB 343m, 108% increased YoY while that in 1H20 was THB 601m, 62% increased YoY. The main rationale of the

increased by 28% YoY which mainly due to number of new hires and administrative expenses of Crossroads being in operation since September 2019. Finance Costs In 1Q2020, the Company reported finance costs at

debt and restructuring the debtor's debt to be able to have the ability to finance normally. Performance of the Company and its subsidiaries for the second quarter of 2020 the consolidated financial