and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Commercial operation of

IU - Thailand 383,415 377,480 -1.5% 118,568 126,824 7.0% ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION REVENUE STRUCTURE

111,052 4.7% 58,453 52,599 -10.0% Steam sales to IU - Thailand 250,854 250,655 -0.1% 132,087 118,568 -10.2% ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF

Thailand in Q1’2020 increased 0.3% y-on-y to 3.31 Baht/kWh which is in line with the Ft charge announced by the ERC. FINANCIAL PERFORMANCE REVENUE STRUCTURE ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS New Capital Structure and Use of Proceed from IPO Regarding our IPO, we received net proceed from IPO in the amount of Baht 11,078 million composing

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Q2’2020 net profit grew 62.5% y-on-y

the year 2018 Attn: Director and Manager, The Stock Exchange of Thailand With respect to the financial statements for the year 2 018 , as submitted by the Company, which has been audited by the external

1st quarter ended 31 March 2019 Attn: Director and Manager, The Stock Exchange of Thailand With respect to the financial information for the 1st quarter ended 31 March 2019, as submitted by the Company

MoU aims to facilitate cross-border offerings of funds between Hong Kong and Thailand with a view to elevate Thai asset management companies (“AMCs”) competitiveness in the international arena while

) 8841pe.doc MoU aims to facilitate cross-border offerings of funds between Hong Kong and Thailand with a view to elevate Thai asset management companies (“AMCs”) competitiveness in the international arena while