PROJECTS UNDER CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty

any such statements. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is

Disclaimer None of the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document or otherwise made available nor as to

date of this document, and the Company does not undertake any duty or obligation to supplement, amend, update or revise any such statements. The Company does not make any representation, warranty or

any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is after excluding inventory gains/losses from

Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of the

representation, warranty or undertaking with respect to the information, opinions or forward-looking statements contained herein, and none of them accept any responsibility or liability as to their accuracy or

reference public information not separately reviewed, approved or endorsed by Chanel Limited or any affiliates and accordingly, no representation, warranty or undertaking, express or implied, is made and no

for warranty 3.18 0.48% 5.31 0.70% 2.08 0.44% 2.05 0.42% Obligation under finance lease 1.69 0.25% 0.75 0.10% - 0.00% - 0.00% Total Current Liabilities 368.22 55.10% 419.88 55.72% 243.80 52.05% 285.67

leads to a lower finance cost and increase financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of