) loss on disposals of PPE 23 - 7 -69% NA 23 164 611% Management benefit expense (41) (36) (24) -41% -34% (150) (143) -5.0% Other financial cost (32) (13) (8) -75% -37% (181) (60) -67% EBITDA 15,058 17,589

) (CNES and other subcontractors under facilitation of CNES) is below THB 50 Million, the Management is seeking Board of Directors approval for the project as the total aggregate amount of the project is

- ร่าง - 1 Aug 14, 2019 Subject Management Discussion and Analysis for the period of three months ended 30th June 2019 To President of the Stock Exchange of Thailand Secretary of the Office of

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q2/2019 and H1/2019 ended 30 June 2019 1. Q2/2019 Highlights Figure 1: Quarterly results  In Q2

12,862 13,009 13,377 4.0% 2.8% 25,869 26,386 2.0% (Gain) loss on disposals of PPE 16 8 -1 -106% -112% 16 7 -53% Management benefit expense -40 -45 -38 -5.5% -16% -80 -82 3.0% Other financial cost -4 -5 -8

0.61 1.05 17.14% 101.64% 4.45 3.39 31.27% Selling and administrative expenses 26.10 2.36 27.04 (3.48%) 1,005.93% 54.17 104.19 (48.01%) Profit from operations (138.57) 44.26 82.38 (268.21%) (413.08

subsidiary will not change its Board of Directors. The group companies continue to be operated by current Board of Directors and Management. Consequently, the Company is obliged to disclose the information

change its Board of Directors. The group companies continue to be operated by current Board of Directors and Management. Consequently, the Company is obliged to disclose the information memorandum in

AVIATION FUEL SERVICES PCL. BAM: BANGKOK COMMERCIAL ASSET MANAGEMENT PUBLIC COMPANY LIMITED BANPU: BANPU PUBLIC COMPANY LIMITED BAY: BANK OF AYUDHYA PUBLIC COMPANY LIMITED BBGI: BBGI PUBLIC COMPANY LIMITED

(Unit: Thousand THB) Enclosure 1 8 Item 30 Jun. 2020 31 Dec. 2019 31 Dec. 2018 31 Dec. 2017 Revenues Revenue from services 90,709 223,174 277,260 295,529 Revenue from vessels management 0 11,113 14,617