: 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

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION

LIMITED ASIA SERMKIJ LEASING PUBLIC COMPANY LIMITED ASIAN INSULATORS PUBLIC COMPANY LIMITED ASIAN MARINE SERVICES PUBLIC COMPANY LIMITED ASIAN PHYTOCEUTICALS PUBLIC COMPANY LIMITED ASIAN SEA CORPORATION