of the parent company was 991.54 million Baht, decreased by 68.82 million Baht or 6.49% compared to the same period of 2016 Income statement (MB) Q3/2016 Q3/2017 YoY % 9M/2016 9M/2017 YoY % Total Sales

1 1. ANALYSIS OF FINANCIAL PERFORMANCE Income statement (MB) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total Sales and Services revenue 1,043.98 1,039.90 (4.09) (0.39%) 4,376.96 4,308.04 (68.92) (1.57

one position in functional drinks market for four consecutive quarters since Q3’18. Despite C-Vitt’s supply constraint as the production line undergoing maintenance for debottlenecking during May’19

increase from 33.0% gross profit margin in the corresponding period last year, mainly due to the improving margins for the branded products by the Company’s production. Branded products by the Company’s

sentiment with 1.3% growth YoY, driven by C-Vitt (+249.3% YoY). New beverage production capacity completed earlier than planned, which enabled us to serve unmet C-Vitt demand and continue driving category

within February 2 0 2 0 , Akkrawat may be considered to reduce the production capacity or revoke the license from the relevant authorities. Furthermore, the purchase agreement for slop waste, which is the

million Baht, decreased by 27.23 million Baht or -7.97%. ง Income statement (Million Baht) 1st Quarter 2020 2019 YOY % Total Sales and Services revenue 1,157.02 1,164.83 (7.81) (0.67%) Raw water revenue

Discussion and Analysis for 2nd quarter ended as of June 30, 2020 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial statement for 2nd

prior quarter, of the new biomass power plants which the Group acquired in the third quarter of 2020. This was result in the increase in electricity unit production and sales, thus cost of sales of

Group, which will allow the Company to extend its power and utility production business which makes use of other different fuels. Furthermore, the transaction will promote investment in order to bring