- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

- Translation - Page 1 of 6 CBG 006/2020 20 February 2020 Subject Management discussions and analysis for the fiscal year ended 31 December 2019 To President The Stock Exchange of Thailand We

- Translation - Page 1 of 5 CBG 023/2020 7 August 2020 Subject Management discussions and analysis the 3-month and 6-month period ended 30 June 2020 To President The Stock Exchange of Thailand We

- Translation - Page 1 of 4 CBG 013/2020 8 May 2020 Subject Management discussions and analysis for the 3-month period ended 31 March 2020 To President The Stock Exchange of Thailand We, Carabao

11 Management Discussion and Analysis Fiscal year ended February 28, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) already submitted the audited financial statements for

Sustainability CPN is the only real estate development company in Thailand that has been selected to be a membership of DJSI World and DJSI Emerging Market for two consecutive years. CPN has been selected to be a

Indices (DJSI) 2017 – the globally recognized benchmark of sustainable business practices. KBank is the first and only bank in Thailand, as well as ASEAN, to have been included in both the DJSI World and

Sethakit 1 Rd., Klongmadua, Krathum Baen, Samut Sakhon 74110 Thailand. E-mail: ir@aienergy.co.th บริษัท เอไอ เอนเนอร์จี จํากดั (มหาชน) AI Energy Public Company Limited ทะเบียนเลขที 0107556000311 AIE 080/2022

but slower than the previous quarter because of the deceleration of exporting sector and the world economy. Merchandise exports were projected to recover more slowly than expected due to the slowdown in

growth of food business. For hotel business, the Company still plans to open the new hotels. However, the hospital industry in Thailand may remain under pressure due to the strong Thai Baht that adversely