Analysis for the six-month period ended 30 June 2020 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information the six

ENDED DECEMBER 31, 2019 1. Analysis of operation results for year 2019 in compar ison with those for year 2018 (from the consolidated financial statements) Items 2019 2018 Increased (Decreased) Amount

) Selling and Administrative Expenses 2018 5 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 FINANCIAL POSITION Assets As of December 31, 2019, total assets on consolidated basis amounted to THB 2,300.35 million

Assets As of December 31, 2019, total assets on consolidated basis amounted to THB 2,300.35 million dropped THB 641.53 million as at December 2018 primarily due to: • Trade and Other Current Receivables

performance Statement of income Consolidated Financial Statements for Quarter 1 of 2020 Quarter 1 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

performance Statement of income Consolidated Financial Statements for Quarter 2 of 2020 Quarter 2 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

profit and loss ended June 30th, 2020 and 2019 Unit: Million Baht Profit and Loss Statement Consolidated Financial Statement Comparison of Haft-Yearly Separate Financial statement Increase (Decrease

PERIOD OF ONE THREE MONTHS ENDED SEPTEMBER 30, 2019 1. Analysis of operation results for Third quarter of 2019 in comparison with those for the same quarter of 2018 (from the consolidated financial

1.9% (28.5%) Consolidated financial information (Unit : Million Baht) For three-month period ended 30 Sep Change % Change 2 / 6 Operating results by business for the three-month period ended 30

“Notifications on Acquisition or Disposal”), having the highest transaction value of 31.09 percent, calculated from the Consolidated Financial Statement of the Company for the period ending 30 June 2017, which is