transferred the total payment of approximately 2.95 million baht into the accounts of Mr. Niwat, Mr. Sutin Promthong and North Environment Co., Ltd. (NE). NE is deemed under control of Mr. Bhusana and Mr. Saran

transferred the total payment of approximately 2.95 million baht into the accounts of Mr. Niwat Maenim, Mr. Sutin and North Environment Co., Ltd. (NE). NE is deemed under control of Mr. Bhusana and Mr. Saran

confident in our business model as our global footprint having regionalized ecosystem coupled with inelastic nature of products allow us to continue to sell at all times and create a steady stream of

Earth Tech Environment Public Company Limited Page 1 17th August 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th June 2020 To President The Stock

Saraburi Quicklime subsidiary, while we expect to maintain the momentum into the end of the year , there were exceptional circumstances in the competitive environment during the last two quarters that

aspires to become “Customers’ Life Platform of Choice”. We will thus work with our partners, both domestic and international, to create ecosystem partnership collaboration under the “KASIKORNBANK and Beyond

employee compensation and career advancement, build a culture that enhance employees’ morale and loyalty to the firm, as well as create the work environment that would better suit the younger generations

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

limit of of < 100,000 baht ▪ 8-year holding period (from the purchase date) ▪ Investment policy > 80% NAV, as follows: (1) SET/mai stocks focusing on environment (E) / ESG or greenhouse gas emission

and Exchange Commission, Thailand (SEC)* 3. Office of Natural Resources and Environmental Policy and Planning (ONEP), Ministry of Natural Resource and Environment 4. Department of Alternative Energy