-517-0109-14 Fax 66-2-5170529 February 27, 2017 Subject Management Discussion and Analysis for the year ended December 31, 2016 To Managing Director of Stock Exchange of Thailand Table of Financial Ratio

from January 1 - December 31, 2018, to the shareholders holding total 120 million shares, at the rate of Baht 1.80 per share, for total payment amount Baht 216 million. Said dividend payments are to be

Attention: President Stock Exchange of Thailand Demeter Corporation Public Company Limited (“DCORP” or the “Company”) would like to submit the reviewed financial statements for first 9 months of the year 2019

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2017 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

mainly due to (1) the dividend payment decreased in the amount of THB 113 million. Financial Ratio Analysis Financial Rate 31-Dec-17 31-Dec-16 Primary Profit Rate (Percentage) 45.3 44.7 Net Profit Rate

, which decreased by THB 77 million mainly due to (1) the dividend payment decreased in the amount of THB 113 million. Financial Ratio Analysis Financial Rate 31-Dec-17 31-Dec-16 Primary Profit Rate

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2018 Ended June 30, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

Book Value (transaction amount) and near market value Payment term By cash with 90 days of credit term The reason In order to reduce outstanding of unused equipments and create maximum benefits for the

. Financial Costs For the year ended 31 December 2018, the Company had financial costs in total of THB 67.37 million, a decrease of THB 17.72 million or 20.83% from the year of 2017 due to the fact that the

and bill payment transactions made via our four mobile and internet banking channels, i.e., K PLUS, K PLUS SME, K-Cyber and K-Cyber SME; these are the most sought-after services among our retail and SME