ปฏิบัติงานด้าน IT (IT operations security) 35 2. 8.1 การบริหารจัดการการตั้งค่าระบบ ( system configuration management) 36 2. 8.2 การบริหารจัดการการเปลี่ยนแปลง (change management) 36 2. 8.3 การบริหารจัดการขีด

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Year 2019 Ended December 31, 2019 Note: This Management Discussion and Analysis (MD&A) was made to

V3 12/05/63 0 V3 12/05/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2020 The Thai economy in the first quarter of 2020

Ref. No. IVL 007/05/2018 May 10, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2018 1. Q4/2018 Highlights Figure 1: Quarterly results

- Translation - Page 1 of 9 CBG 018/2019 8 August 2019 Subject Payment of interim dividend and management discussions and analysis for the 3-month and 6-month periods ending 30 June 2019 and appoint

% Depreciation & amortization 6,917 8,164 8,079 17% -1.0% (Gain) loss on disposals of PPE 160 7 - -100% -100% Management benefit expense (34) (24) (48) 38% 99% Other financial cost (23) (8) (6) -75% -32% EBITDA

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter Ended 31 March 2018 1. Q1/2018 Highlights Figure 1: Quarterly results  In Q1/2018

% Depreciation & amortization 4,073 6,828 6,917 70% 1.3% (Gain) loss on disposals of PPE 0 23 160 NA 594% Management benefit expense (36) (41) (34) -3.9% -15% Other financial cost (59) (32) (23) -62% -31% EBITDA

% 31,103 30,070 -3.3% Depreciation & amortization 6,262 7,332 7,738 24% 5.5% 14,839 21,986 48% (Gain) loss on disposals of PPE - (3) - NA -100% - 157 NA Management benefit expense (39) (48) (36) -6.6% -24