and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Commercial operation of

PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and Service

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of

requires high spending. Page 5 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 September 2017 31 December 2016 % Change Cash and cash equivalents 37 92 -60% Trade

2017 and 34.7 to 36.2 in 2016. However, the company has no policy to speculate on the exchange rate but continues its prudent policy in the full hedging on net position of each currency’s exposure to

of previous year. This was due to (1) Drop of loss on exchange rate of THB 13.90 million due to the fact that the Thai Baht value depreciated against US Dollar and the Company had the foreign trade

4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018

and the position in the Company as of 5 February 2018 are as follows: No. Name Position in the Board of Directors of EP the Company 1. Mr. Yuth Chinsupakul Chairman, and Chairman of Executive Director

% 12.3% 17.2% (10%) 10.2% 14.0% (4%) 13 Table 10: IVL Consolidated Statement of Financial Position THBm 30-Sep-19 31-Dec-18 30-Sep-19 vs 31-Dec-18 Assets Cash and current investments 10,901 5,713 91% Trade

decision making to invest or trade capital market product and could access information on investment by virtue of performing such duty, regardless by whichever name of position of such person is called