No. IIG 002/2020 14 August 2020 Subject: Management discussion and analysis for the second quarter of 2020 Attn: Governors and President Market for Alternative Investment (MAI) I&I Group Public

Selling And Administrative Expenses 1,208.25 1,093.54 1,100.09 1,023.93 Total Cost And Expenses 4,660.90 4,152.15 4,519.72 4,658.42 EBITDA 752.85 637.63 542.31 665.63 Depre. & Amor. 289.82 295.77 233.85

this transaction date. The acquisition of IGE shares is classified as Class 1 transaction equal to or higher than 50% but lower than 100% according to the Notification of the Capital Market Supervisory

effectiveness of pandemic control and vaccine development, the economic damage may be worse than what was seen during the 1997 financial crisis. Given volatility in the financial market and real sector which had

and environment – under good corporate governance, appropriate risk management and effective cost management. Prioritizing the development of technological solutions with the aim of becoming “Customers

Australia’s National Electricity Market (NEM). The Project has also entered into EPC Contract, Electrical Connection Agreement, Operation and Maintenance Agreement and other related agreements. RATCH-Australia

3,293.90 -537.46 -16.3% Other income 19.49 25.33 -5.84 -23.1% Total revenue 2,775.93 3,319.23 -543.30 -16.4% Cost of goods sold & service 2,427.69 2,882.47 -454.78 -15.8% Selling & distribution expenses

2022 were THB 166 million and THB 592 million, respectively, increased by 48% from Q4/2021 and 67% from 2021, corresponding to the increase in sales and the Company’s efficient cost management since the

the Company in Q1/2023 Q1/22 Q1/23 Change +/(-) (THB million) %YoY Operating Revenue 198 264 33% Cost of Sales (78) (96) (23%) Gross Profit 120 168 40% Other income 3 4 33% Selling and Distribution

purchase the Company’ s ordinary shares No. 3 ( the “U-W3 Warrants” ) at no cost, totaling Baht 2,172 million; and (b) accepting the assignment of all of UE’s loan owed to BTSG, together with interest