53,108 -1.4% Total liabilities 63,497 62,071 -2.2% Total equities 25,744 26,945 4.7% Total equities attributable to Owner 18,653 19,279 3.4% Net-int debt to equity (times) 1.4 1.3 B.GRIMM POWER PUBLIC

by Paju Energy Services Co., Ltd. (Paju ES), a company in which EGCO Group owns a 49% equity interest. Paju ES owns and operates Paju Power Plant which is a combined cycle gas-fired power plant. The

subsidiaries were developing their power plants. Earth Tech Environment Public Company Limited Page 2 Financial summary for the three months ended 30th June 2020 Item Three months ended 30th June 2020 Three

Yai and Chachoengsao branch). The Company plans to open Rayong branch, the 11st branches in the last quarter of year 2018. Industry Overview Domestic purchasing power has been under pressure due to the

46,154 46,319 43,763 Total liabilities million baht 13,680 14,428 13,205 equity’ Total shareholders million baht 32,474 31,891 30,558 Registered capital million baht 1,259 1,259 1,259 up capital-Paid

liabilities 63,497 66,295 4.4% Total equities 25,744 27,725 7.7% Total equities attributable to Owner 18,653 19,107 2.4% Net-int debt to equity (times) 1.4 1.5 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

% Total liabilities 83,016 89,391 7.7% Total equities 38,677 36,776 (4.9%) Total equities attributable to owner 28,144 26,746 (5.0%) Net-int debt to equity (times) 1.0 1.1 B.GRIMM POWER PUBLIC COMPANY

growth remains driven by Power Electronics business group, especially Standard Industrial Power Supplies which increased from the same period of last year at 18.9% and automotive sector (Electric Vehicle

% from those of the same period last year due to Power & Systems / Fan & Thermal Management business slow down but went up 6.5% from last quarter due to the recovery of power supplies for the automotive

equity (times) 1.4 1.6 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis PROGRESS OF PROJECTS UNDER CONSTRUCTION As Of 31 January 2019 ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY