วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 002/2020/EN 26 February 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for the year ended 31 December 2019 To: The

mpany’s net Company’s 7 showed a 016 at 31.5 subsidiary ails on the Change MB 870.3 13 584.6 77 136.3 35 1,591.2 21 874.0 16 172.3 63 101.7 31 443.2 31 % 3.8% 7.9% 5.3% 1.3% 6.0% 3.7% 1.4% 1.9% Sale Sell

observed a growth in subsidiary business especially in distress debt management and mobile phone distributor. The details of the Company’s performance are explained as follows: 2016 2017 Change MB % MB % MB

rendered the judgement of dispute regarding the competing road with the Udon Ratthaya Expressway which Northern Bangkok Expressway Company Limited (NECL), the subsidiary of the Company, requiring Expressway

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 015/2018/EN 14 November 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 September 2018 To: The President

by its indirect subsidiary Indorama Netherlands B.V. (“INBV”) of 83,000,000 newly issued shares in Indo Rama Synthetics (India) Limited (“IRSL”), equaling to approximately 31.79% of IRSL’s enlarged

Baht; increased by 22% or by 40 million as compared to 3Q 2018. The company has disposed common shares in YLP Co., Ltd., a subsidiary of the company and the profit of 82 million Baht from the

Agreements On February 20, 2020, the Company/the subsidiary and EXAT signed the Second Stage Expressway Agreement (Amendment) and the Bang Pa-in - Pak Kret Expressway Agreement (Amendment) which extend the

(the “Subsidiary Company”) has sharply decreased since February 2020. Safari World Group always realized its duty to the society and put the priority on the health and safety of the park visitor

sales agreement with the customer, there is only one customer in the first half of this year. However, for the second half of the year the Group sold more advertising time due to the subsidiary related to