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Microsoft Word - MD&A 2017 EN.doc EFORL IR010/2018 March 20, 2018 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2017 To President The Stock Exchange of Thailand 1. Overview

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1 (Translation) MD. 063/2018 May 9 , 2018 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and

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Understanding re: the Feasibility Study on the Acquisition of CR Solar Company Limited and (2) Related Parties Transaction. Attn: Director and Manager The Stock Exchange of Thailand Enclosure: 1. Information