obsolete inventory in the amount of Baht 52 million and 5) a deferred financing fee write- off from solar projects refinancing in the amount of Baht 9 million. Net profit • In Q3’2019, net profit was Baht

. • Very Small Power Producer (VSPP) and other: The gross profit increased by Baht 14 million, mainly because of the growth in revenue from electricity sales of Ichinoseki Solar Power 1 GK (ISP1) of Baht 31

natural gas. • Very Small Power Producer (VSPP) and other: The gross profit increased by Baht 5 million, mainly because of the growth in revenue from electricity sales of Ichinoseki Solar Power 1 GK (ISP1

November 13, 2006 February 28, 2020 Subjects : Report of Operating Performance for the Year 2019 Attention : President of the Stock Exchange of Thailand The Consolidated net profit of Eastern

50.9 61.1 (10.2) Solar Energy Power Plants 55.9 50.0 5.9 %Gross Profit by Segment 33.4 35.3 (1.9) Change Gross Profit for Q1/2021 compared to Q1/2020 increased by 2.7% from Baht 427.9 million to Baht

Availability Payment (AP) of Baht 43 million due to the lower Weight factor in rainy season and the increase in maintenance cost. • Gross profit of ISP1 decreased by Baht 26 million from lower solar intensity

2.8% Municipal Solid Waste Power Plant 59.0 75.2 70.8 (5.9%) 20.0% 184.5 211.2 14.5% Solar Engergy Power Plant 2.3 2.9 2.7 (6.9%) 17.4% 7.1 8.5 19.7% Gross Profit by Segment 496.5 463.7 464.1 0.1% (6.5

policy is no less than 40% of Normalized net profit (NNP). Progress of projects under construction Ray Power, solar project in Cambodia, with an installed capacity of 39 MW had 35.9% construction progress

75.55 Net profit (126.27) (77.25) Remarks: 1. As of 31 December 2017, TSEO invests in 1 solar power plant in Japan, namely Onikoube Solar Power Plant with the accredited power generation of 154.98 MW and

Solar Energy Public Company Limited equivalent to 74,000,000 ordinary shares at the par value of Baht 10 per share, totaling transaction value of Baht 1,695 million 2. The meeting resolved to approve the