prior year. Caravans have been rendered in music festivals, sport events, tourism and various projects. Operating Results Overview Operating results of the Company for the year ended 31 December 2019 and

IDH-AC-000-อส6305/04.00 11 May 2020 Re: Management Discussion and Analysis Operating results for the three-month period ended 31 March 2020 To: President The Stock Exchange of Thailand Overview of

% Change YoY % YoY Assets Cash 159.47 11.6% 214.94 14.1% 55.47 34.8% Current investments 83.07 6.1% 148.34 9.7% 65.27 78.6% Trade & Other receivable 114.24 8.3% 137.32 9.0% 23.08 20.2% Current contract

) (218.1) N.A.(

Contract Manufacturing Business (CMG) sales increased 7% YoY. 9M/2019 Sales Revenue The Company and its subsidiaries recorded sales revenue of Baht 3,741 million, a decrease of 4% YoY, mainly due to

) Consolidated Financial Statements 2Q'19 2Q'18 % Change YTD 2019 YTD 2018 % Change Total Revenue 475.1 423.5 12.2% 934.5 845.4 10.5% - Utilities Business 473.6 422.7 12.1% 931.6 844.7 10.3% - Operating Revenue1

longer than that of Q2/2018 from Long Quan Safe Food JSC (LQSF), Vietnam.  Total Contract Manufacturing Business (CMG) sales decreased 9% YoY.  Domestic Branded Business sales decreased 16% YoY.  Export

. Excluding Long Quan Safe Food JSC (LQSF) Vietnam, Export Branded Business sales grew 6% YoY.  Total Contract Manufacturing Business (CMG) sales decreased 30% YoY. Year 2019 Sales Revenue The Company and its

:  Solar Rooftop had signed new contract of 6.5 MW in 1Q2020, total accumulated signed contract as of 1Q2020 were 36.9 MW and had started COD of 9.7 MW in 1Q2020, total operating of 16.1 MW as of 1Q2020

Australia’s National Electricity Market (NEM). The Project has also entered into EPC Contract, Electrical Connection Agreement, Operation and Maintenance Agreement and other related agreements. RATCH-Australia