) Industrial and chilled water Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Cost of sales and services (exclude depreciation and amortization) (THB million) Management Discussion

) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +9% YoY +14% QoQ -4% YoY Management

impact of Stock Gain/(Loss) and NRV (2) Extra item was from reversal of inventory derogation because a supplier had delivered raw materials to the company regarding to the settlement agreement. P a g e | 5

the drop in the cost of raw materials of CHPP following the progress of EPC work. However, the proportion of revenue that decreased is larger than the decrease in cost of raw materials, resulting in a

(SPP+VSPP) Steam -5% YoY +15% QoQ Natural gas (IPP)Electricity (IPP) Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation

hourly operating maintenance cost of the Sriracha Power Plant. Electricity (SPP+VSPP+Other) Steam Natural gas (IPP) Electricity (IPP) Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw

(THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +66% YoY +7% QoQ

cautious in expanding high-risk loans. As of August 31, 2023, the Company had business distributions as below; Number of Networks and Merchandise Partners Aug 31, 2022 Feb 28, 2023 Aug 31, 2023 Branches

expanding high-risk loans. As of November 30, 2023, the Company had business distributions as below; Number of Networks and Merchandise Partners Feb 28, 2023 Aug 31, 2023 Nov 30, 2023 Branches Bangkok

of February 29, 2024, the Company had business distributions as below; Number of Networks and Merchandise Partners Feb 28, 2022 Feb 28, 2023 Feb 29, 2024 Branches Bangkok Other Provinces 101 branches