Management Discussion & Analysis 2022 1 I 9 Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoY Amount

structure categorized by business groups (Unit : Million Baht) Q3/2022 Q3/2023 Increase (Decrease) %YoY 9M2022 9M2023 Increase (Decrease) %YoY Amount % Amount % Amount % Amount % Retail Business 2,252.79

year 204.55 1.42% 183.00 1.35% (21.54) (10.53%) Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2022 2023 Increase (Decrease) %YoY

follows: Revenue structure categorized by business groups (Unit: Million Baht) Q1/2023 Q1/2024 Increase (Decrease) %YoY Amount % Amount % Retail Business 2,175.67 62.97% 2,406.90 67.47% 231.22 10.63

, and KMM, including the other relevant agreements are satisfied. It is speculated that the transaction will be completed by November 2020 or any other date as may be agreed by the parties. 2. Related

satisfied, the Company shall purchase Komchadluek business and trademark from NMG. It is estimated that the transaction will be completed within November 2020 or any other date as may be agreed between the

), Operating and Maintenance (O&M), Management and Administrative Services (Management Services). Details of each plant are as follows: (1) Subsidiaries which can be categorized into 2 businesses: 1. Power

). Details of each plant are as follows: (1) Subsidiaries which can be categorized into 2 businesses: 1. Power Generation 1.1 Local power generation Khanom Electricity Generating Co., Ltd. (KEGCO) IPP EGCO

trading or investing in capital market product , without planning or analyzing of investment. Investment consultant is categorized as follows: (1) general investment consultant means an investment

investment. Investment consultant is categorized as follows: (1) general investment consultant means an investment consultant providing consultation only on capital market product not having complex