February 18, 2020 Re: Management Discussion and Analysis for full year 2019 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

Microsoft Word - MDA FY19 EN.docx February 24, 2020 To President The Stock Exchange of Thailand Subject Notification on the difference of revenue from sales and net profit YOY by more than 20 percent

year mainly due to: 1.1) Revenue from selling of electricity increase 23.91 million baht or 100% due to the Company recognized revenue from Saraburi Solar Farm Project. 1.2) Revenue from Sales decrease

Microsoft Word - MDA Q219 EN August 14, 2019 To President The Stock Exchange of Thailand Subject Notification on the difference of revenue from sales and net profit YOY by more than 20 percent

1 / year 2018 Change Million Baht % Million Baht % Million Baht % Sales revenue - net 108.37 92.86% 107.94 93.48% (0.42) -0.39 % Revenue from contract works 7.14 6.12% 6.40 5.54% (0.75) -10.48

Industrial (Thailand) Public Company Limited (“INGRS”or “the Company”) would like to provide an explanation about our financial performance for the financial year ended 31 January 2020: 1. Sales Revenue INGRS

Baht 18.90 million, a loss decline of 3%. The Company would like to clarify significant changes of Group’s operation results were summarized as follows: Revenue from sales of goods and rendering of

31,482 million in 2017, primarily due to an increase in revenue from the power plants that were fully developed and are in operation, namely BPWHA1, located in Hemraj Industrial Estate, that started COD on

) % Change Revenue from contracts with customers 13,824.17 16,545.30 (2,721.14) (16.45%) Rental income 212.73 508.79 (296.06) (58.19%) Other income 352.99 511.32 (158.33) (30.96%) Total revenues 14,389.88

in Amata City Industrial Estate with 133 MW installed capacity, has 97.7% construction progress and target to commence COD on October 1, 2018 and expect to record revenue in Q4’2018. Solar WVO