V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2017 1. Q4/2017 Highlights Figure 1: Quarterly results

- Translation - Page 1 of 11 CBG 008/2018 21 February 2018 Subject Management discussions and analysis for the year ending 31 December 2017 To President The Stock Exchange of Thailand We, Carabao

, analyzed and prudently performed our duties as an Independent Financial Advisor, complying with the generally accepted professional standard and rendered our opinion based on the unbiased analysis with

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- 2018 with explanation and analysis of financial position and operating results in the past year As per detail in enclosure no. 2 12.6 Other information that may significantly affect investors' decision

- 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

Total Current Assets 208,662.0 715.9 9,675.00 33.2 14,893.90 51.1 Intangible Asset 1,003,371.6 3,442.6 964,999.40 3,310.9 926,627.10 3,179.3 Net-Land, Building and Equipment - - 1,009.50 3.5 975.1 3.3

Ref. No. IVL 003/02/2019 26 February 2019 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of