No. ADD 12/2021 15 November 2021 Subject: Management discussion and analysis for the performance for the nine-month period ended 30 September 2021 To: President The Stock Exchange of Thailand AddTech

project that launch in 2017, that they did not make recognition income in this period. Financial cost : The Company and subsidiaries had got the financial cost of the quarter 3/ 2017 amount 53 Million Baht

the marketing expenses for the new project that launch in 2017, that they did not make recognition income in this period. Financial cost : The Company and subsidiaries had got the financial cost of the

Million Baht, which increased by 758.89 Million Baht or an increase by 133.55% compared to the same period last year. The key factor was from an increase in real estate revenue recognition of 761.23 Million

million Baht respectively. In 2019, the Company’s revenues and gross profits from the business increased mainly from the data center construction projects and USO (Phase 2) project, resulting in higher

payment date was on 25 May 2018. June The Company’s warrants (RML-W4) reached its due date of the last exercise on 14 June 2018. 520 new shares were derived from exercised of warrants in this period. July 1

payment period for the total amount within August 15, 2018. 3. Investment in the Biogas Power Plant Project The Company has executed the Share Purchase Agreement with the existing shareholders of

MahaNakhon project. As a result, the Company was able to repay loans during the period. Apart from that, the capital increase from the fund of Apollo had resulted in the ability to terminate the outstanding

Governance Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between

Management Discussion and Analysis, for the three-month period ended March 31, 2018 The analysis of operating result for the three-month period ended March 31, 2018 Comparing accumulated operating