of Governors of the Stock Exchange of Thailand Reference is made to the resolutions of the Board of Directors’ Meeting No. 6/2018 of Master Ad Public Company Limited (the “Company”), held on May 17

29 July 2020 At: ACC/HO 014/63 Re: Management Discussion and Analysis for the Quarter of 2/2020 To: President The Stock Exchange of Thailand The Coronavirus 2019 (COVID-19) pandemic has had a

- 1 - AIT (VP-SEC) 004E/2020 February 11, 2021 Subject: Management's Discussion and Analysis of Operating Results for the year 2020 and Q4-2020 To: The President of the Stock Exchange of Thailand

) (11.26%) Selling and administrative expenses 122.06 136.78 (14.72) (10.76%) 245.96 242.51 3.45 1.42% Operating profit 252.07 375.68 (123.61) (32.90%) 683.98 832.95 (148.96) (17.88%) Finance cost 42.79

% Operating profit 431.92 457.27 (25.36) (5.55%) Finance cost 44.26 41.60 2.66 6.39% Income tax expenses 70.26 71.35 (1.09) (1.53%) Net profit 317.40 344.32 (26.92) (7.82%) Net profit attributable to the parent

: Management’s Discussion and Analysis for Year 2019 ended as of December 31, 2019 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial

’ operating results for the year ended December 31st 2017 EBITDA Structure of the Company and its subsidiaries Q4/2016 Q3/2017 Q4/2017 YoY QoQ FY2016 FY2017 YoY Total Revenue 40,481 39,009 46,306 14% 19

same-store basis that continues to grow in terms of revenue and operating profit, which is in-line with the business plan. CPN continues to emphasize on effective revenue generation through new shopping

gains despite an increasing trend of electricity Ft rate since May 2017. Costs of food and beverages Costs of food and beverage constituted costs of operating in-mall food centers, as well as depreciation

Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital