Discussion and Analysis for 1st quarter ended as of March 31, 2019 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial statement for

Ref. No. IVL [002/08/2019] 8 August 2019 The President The Stock Exchange of Thailand Subject: Submission of Quartely Review of Financial Statements and the Management Discussion and Analysis of

the second portion of the Sale Shares, in addition to being subject to the Share Purchase Conditions, are also subject to that any of S-TREK’s audited financial statements for 12-month period ending on

4,815,000 4,881,900 110% 1.4% FBB net addition 60,500 72,700 66,900 11% -7.9% FBB ARPU (Baht/user/month) 414 496 501 21% 0.9% *Note: there has been a change in definition of VOU’s calculation, numbers are

subscribers 2,328,700 4,815,000 4,881,900 110% 1.4% FBB net addition 60,500 72,700 66,900 11% -7.9% FBB ARPU (Baht/user/month) 414 496 501 21% 0.9% *Note: there has been a change in definition of VOU’s

its original plan since the Company originally planned to divest the assets after the completion of construction. The cash flow from disposition of assets will increase Company’s financial liquidity and

6 6 ATR72-600 9 7 Total 38 34 5 ASIA’S BOUTIQUE AIRLINE Two additional ATR72-600 under financial lease were delivered in April and two additional Airbus A319s under operating lease were delivered in

according to financial statement of the Company as of 31 December 2017, the details of the calculation are as follows: Calculation Transaction size 41.55 MB (Consideration value) 771.45 MB (The Company Net

rea of 5 rai, 1 d buildings l Mai Province 54 square wa d buildings Khon Kaen n, 9 square w d buildings l cels of land, with storage al of investm peration of t uction busine ent in BBB of financial red

benefit plan - Unrealized gain (loss) on change Value of investments in available-for-sale securities -Adjustment for loss on changes in fair value Available-for- sale securities are impairment losses