future projects. In terms of the progress on Delisting Tender Offer of GLOW, the process was completed on 2 December 2019 and GLOW has been delisted from being listed on the Stock Exchange of Thailand on

the increase in total production cost, the company and subsidiary still could generate the Cash Margin which indicate that the Company was well in operation management. Net gain on foreign exchange rate

Discussion and Analysis for 2nd quarter ended as of June 30, 2018 To: The President The Stock Exchange of Thailand AI Energy Public Company Limited (“the Company”) would like to submit the company and its

Discussion and Analysis for 3rd quarter ended as of September 30, 2019 Attention: President The Stock Exchange of Thailand AI Energy Public Company Limited (AIE) would like to submit the financial statement

ended up 21.5% and export sales 78.5%. The Company reported gain from foreign exchange hedging at Baht 8.3 million. Other income from sales of scraps, obsolete equipment reported at Baht 2.5 million

% Administrative expenses 35.24 19.75 15.49 78.43% Foreign Exchange loss 6.57 - 6.57 100.00% Finance cost 2.90 0.53 2.37 447.17% Profit before income tax expenses 18.48 113.42 (94.94) -83.71% Income tax expenses

98.3% 72.82 16.98% Gain on foreign exchange - 0.0% 0.41 0.1% - 0.41 -100.00% Other income 3.73 0.7% 7.02 1.6% - 3.29 -46.88% Total revenues 505.33 100.0% 436.21 100.0% 69.12 15.85% Cost of sales and

the Quarter ended March 31, 2018 To : Director and Manager Stock Exchange of Thailand Abico Holdings Public Company Limited would like explanation about the Company’s financial performance and operation

February 26, 2020 Subject : Management Discussion and Analysis for year and 4th quarter ended December 31, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1

ABICO 011/KV/2017 August 10, 2017 Subject : Explanation on operation result for the Quarter ended June 30, 2017. To : Director and Manager Stock Exchange of Thailand Abico Holdings Public Company