, development, construction and operation of the Xayaburi Hydroelectric (Translation) 5 Power Project, for a period of 31 years from the Commercial Operation Date, for sale of electricity as produced to the

Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

growth to develop new growth engines for IVL  Recycling leadership as the #1 player in recycled PET and the orchestrator of the PET circular economy  Leadership development with a bench of leaders and

commercial excellence  Adjacency growth to develop new growth engines for IVL  Recycling leadership as the #1 player in recycled PET and the orchestrator of the PET circular economy  Leadership development

through three new business development initiatives as follows: 1) Battery Business: investment in a pilot plant of a battery manufacturing facility using Semi Solid Lithium-ion technology. Capacity of the

and property development business division totally 282.7 million Baht compared with same period of year 2018 amounted 302.8 million Baht, decreased the amount of 20.1 million Baht or 6.6 percent. For

วัตุถุประสงคการใชเงิน D. Expenses of the Issue คาใชจายในการออกและเสนอขายหลักทรัพย E. RISK FACTORS ปจจัยความเสี่ยง IV. INFORMATION on THE ISSUER A. History and Development of the Issuer ประวัติความ

. is operating wind power plants in Nabas, the Philippines (wind power plant of 36 MW in operation, 14 MW in development, and effectively 20 MW installation capacity belongs to BCPG Plc.). 8 | Management

SAAM Energy Development Public Company Limited - 1 - 10 May 2019 Subject: Management Discussion and Analysis for the period ended 31 March 2019 To: The President The Stock Exchange of Thailand SAAM

SAAM Energy Development Public Company Limited - 1 - 9 August 2019 Subject: Management Discussion and Analysis for the period ended 30 June 2019 To: The President The Stock Exchange of Thailand SAAM