and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per unit and also improvement of feedstock procurement process including sourcing new types of

and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per unit and also improvement of feedstock procurement process including sourcing new types of

for the part of representation and domestic transportation activities only. (The company has sold the subsidiary company in Thailand to an outsider since the 1st of May 2019) The comparison between

UNDER CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or

None of the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document or otherwise made available nor as to the

PROJECTS UNDER CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty

material and packaging costs, packaging optimization, new lighter weight bottles, and more formulation optimization. The new glass factory (SGA2), which has been heat up in August 2019, will start commercial

and production processes, modification and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per 5 unit and also improvement of feedstock procurement

and production processes, modification and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per 5 unit and also improvement of feedstock procurement

. - Combined Heat and Power Producing Co., Ltd. • Renewable energy power plants: - Ichinoseki Solar Power 1GK - Thai Solar Renewable Co., Ltd., which holds shares in Siam Solar Energy 1 Co., Ltd. - Combined Heat