. 1 Tambon Tarsit, Amohoe Pluag-daeng, Rayong (Translation) 1 KWM 005/2563 May 14th, 2020 Subject : Management Discussion and Analysis for the 3-month period ended March 31, 2020 To : President The

markets, especially China is entering into the canning season for the upcoming festivals that do need to monitor the situation and accelerate to all orders including well preparing for delivery all in time

-March 2019 2018 Liquidity Ratio Current Ratio (Time) 1.4 1.9 Quick Ratio (Time) 4.7 4.1 Collection Period (Day) 20.5 20.4 Stock Turnover Period (Day) 8.1 7.8 Payment Period (Day) 32.1 33.6 Profitability

Ratio January-March 2019 2018 Liquidity Ratio Current Ratio (Time) 1.4 1.9 Quick Ratio (Time) 4.7 4.1 Collection Period (Day) 20.5 20.4 Stock Turnover Period (Day) 8.1 7.8 Payment Period (Day) 32.1 33.6

(AI) to ensure real time performance controlling and tracking and to optimize energy production decision-making by using collected data; for example, meteorological and solar irradiance data can be used

% 1. Total Revenue Total revenue for the year 2019 was Baht 1,001.58 million, decreased by 5.28% YOY as a result of economy slowdown, and low spending season causing consumers slow down their spending

interests 2.51 2.87 -13% 22.32 (1.46) -1626% Net profit attributable to The Company 71.93 48.78 47% 175.30 118.58 48% Page 2 of 4 Revenue from Hospital Operations Revenue of 9-month period of 2017 (“9M17

season. However, in Q3/2018, the company received the dividend income from Ratchaburi Power Company Limited (RPCL) in the amount of Baht 135 million. The net profit in Q3/2018 slightly rose by Baht 11

ที่ กตพ Ref. DBP. 107 / 2018 August 14, 2018 Subject : Clarification on Operating Results for the 3-month Period and 6-month Period ending June 30, 2018 To : President The Stock Exchange of Thailand

the second quarter is an off- season period that has weaker wind speed sweeping pass the project location. As such, this quarter the company realized share of profit from its associate company THB 102