Page 1 of 4 GEL.CS.005/2561 27 February 2018 Subject Management Discussion and Financial Analysis for the operating results as at December 31, 2017 To Director and Manager The Stock Exchange of

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: Management’s Discussion and Analysis for Year 2019 ended as of December 31, 2019 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial

To: Director and Manager The Stock Exchange of Thailand (SET) Enclosure: Information Memorandum on the Asset Disposal, Schedule 1 of Nation Multimedia Group Public Company Limited The Board of

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ng, Khon Ka ing paymen Kaen to NM ation memo ownership a Kaen, dated nceling the 2018 and N ldings, Am nsaction of on Kaen, to ector and M e Stock Exch ormation M ltimedia Gr e reference a Group Pu 8

more on the short-term courses to reduce competition impact over the decrease in number of students. EBITDA from Education Business in 4Q19 was Baht 25 million, decreased by 21.9% yoy and Baht 28 million