(Translation) Ref: EIC-AD012/2020 14 May 2020 Subject: Management Discussion and Analysis for the Performance for the three-month period ended 31 March 2020 To: President The Stock Exchange of Thailand The Board

performance of E for L Aim Public Company Limited (“EFORL” or “the Company”) and its subsidiaries (collectively as “the Companies”) for Q2/2020 Financial performances Comparison is as follows: THB’000 Q2/2020

performance in this period. Please be informed accordingly. Sincerely Yours, - SOMKIAT VONGSAROJANA – (Mr. Somkiat Vongsarojana) Managing Director

by the performance of Advance Power Conversion Company (APCON) whose projects had been postponed, as a result; a massive drop in 9 months period by (125.62%). Profit before tax: An increase of 6.40% in

in goods deliveries for part of the above-mentioned projects to Q4/2019; - SG&A including Interest expenses were down Baht 6.9 million Y-O-Y on lower variable expenses relating to performance; - CIT

. Considering that financial statements provide investors and shareholders with vital information for making investment decision and monitoring listed companies’ performance, the SEC did not grant a waiver for

and Performance” สำหรับนักวิเคราะห์การลงทุน และหัวข้อ “Navigating the future of investing in the time of sustainability: a paradigm shift in the roles of Investment Consultants?” สำหรับผู้แนะนำการ

according to appropriate periods to facilitate the SEC’s performance of duties under the law for public interest or investor protection;  (2)  Revising the reporting forms of clients’ assets and transactions

performance of persons involved in the operations of listed companies, and to promote the awareness of the importance of sustainable development among listed companies.” “I would like to thank all members

that such applicants whose performance met the quality criteria but who had been declined due to affiliation with audit firms failing to meet the requirement of four auditors at a minimum. The