repayment of short- term borrowings from financial institutions by using money gained from trading of its ordinary shares in the MAI stock exchange. • Other current assets decreased by Baht 35.06 million

No. CAZ 007/2019 15 May 2019 Subject: Management Discussion and Analysis 1st Quarter ended 31 March 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company Limited

ที่ บช NO. AC. 001/2018 28 February 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

-Translated Version- No. ECF2 026/2019 May 15, 2019 Subject: Management Discussion and Analysis of the 1st quarter ended 31 March, 2019 To President The Stock Exchange of Thailand East Coast

ที่ บช NO. AC. 03/2019 14 August 2019 Subject: Inform the operating performance for the second quarter of 2019 To: The President of the Stock Exchange of Thailand M.K. Real Estate Development Plc

ที่ บช NO. AC. 02/2020 14 May 2020 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development Plc

expenses to revenue ratio was on the back of the expenses related to preparation for the planned listing to the Stock Exchange of Thailand. Administrative expenses In the six-month period ended June 30, 2017

Discussion and Analysis for 1st quarter ended as of March 31, 2018 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (“the Company”) would like to submit the company and its

June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1

-27.27% Other Revenues 11.10 1.44 671.16% 30.08 9.34 222.01% Total Revenue 222.31 268.56 -17.22% 475.93 622.35 -23.53% Cost of goods sold and cost of services 198.98 272.34 -26.94% 416.74 702.12 -40.65