total amount of THB 3,445 mn. Hence, CPN effectively has 67.53% ownership in GLAND as announced to the Stock Exchange of Thailand (SET) on November 5, 2018. For the consolidated financial statements at

: Management’s Discussion and Analysis for 3rd quarter ended as of Sept 30, 2018 To: The President The Stock Exchange of Thailand AI Energy Public Company Limited (“the Company”) would like to submit the company

Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

the company was voted for the third consecutive years. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index

for the third consecutive years. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index reference 30 shares

1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand

mandatory diesel to gradually replace B7 since January 2020. Comparison with 1Q2020, CPO price plummeted, pressured by a high level of CPO stock in Thailand due to high seasonal palm production in this

quarter increased from the previous year from the commercial operation of various solar power plants both in Thailand and Japan, but decreased from the entering of rainy season which lowered the average

investment grade in compliance with the rules under such Notification; (2) corporate bonds issued by a trust whose units are listed securities on the Stock Exchange of Thailand; (3) newly issued corporate