chain principle7, please identify the percentage of direct and indirect shareholdings and voting rights at each shareholding level throughout the chain of acquisition and/or specify the number of persons

in the 2nd quarter of 2019. The Company’s net profit has increased by 61.77 million Baht or 505.83%. Due to the increased in biodiesel sold since the Ministry of Energy has increased the proportion of

quarter of 2019. The Company’s net profit has increased by 133.43 million Baht or 175.69%. Due to the increased in biodiesel sold since the Ministry of Energy has increased the proportion of biodiesel

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

rights3 Percentage 4 Number of Units2 Voting rights3 Percentage 4 Number of Units2 Voting rights3 Percentage 4 I Person acquiring or disposing: Common shares 0 0 0.0000 0 0 0.0000 0 0 0.00001. ASM CONNAUGHT

rights3 Percentage 4 Number of Units2 Voting rights3 Percentage 4 Number of Units2 Voting rights3 Percentage4 I Person acquiring or disposing: Common shares 83,385,200 83,385,200 5.0119 365,000 365,000

rights3 Percentage 4 Number of Units2 Voting rights3 Percentage 4 Number of Units2 Voting rights3 Percentage4 I Person acquiring or disposing: Common shares 73,340,500 73,340,500 5.0433 1,756,200 1,756,200

rights3 Percentage 4 Number of Units2 Voting rights3 Percentage 4 Number of Units2 Voting rights3 Percentage4 I Person acquiring or disposing: Common shares 14,649,300 14,649,300 2.1543 23,304,300

acquired/disposed of Securities held after acquisition/disposition Name of person(s)/juristic person(s) Type(s) of securities Number of Units2 Voting rights3 Percentage 4 Number of Units2 Voting rights3

, acquired common shares of 3 biomass power plants in the proportion of 100 percent with the consideration paid of Baht 464.6 million. From comparison of identifiable assets acquired and liabilities assumed