(Translation) NEP-AC 001/2018 22 February 2018 Subject : Management Discussion and Analysis for the year ended 31 December 2017 To : The President The Stock Exchange of Thailand Operating Result NEP

the Company and its subsidiaries as follows: Summary of S&P Syndicate PCL operating performance Ending 31 December 2018 Revenue from Sales and Services In 2018, the Company and its subsidiaries

- 1 - AIT (VP-SEC) 024E/2019 August 8, 2019 Subject: Management's Discussion and Analysis of Operating Results for Q2-2019 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

Operating Results EGCO would like to present analysis of the operation result as follows: Summary of operating results for Q3/2017, Ended of September 30, 2017 Unit : Million Baht Power Generation Others

. Shareholder equity reduced with the lower net result. Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2019 Balance Sheet Summary as of 30 September 2019

portion of AP that is USD-linked and increased revenue from finance lease agreement as a result of financial lease accounting (TFRIC 4) adjustment. Executive Summary Quarterly Comparison of Company's

Analysis | 2 Executive Summary In 2Q2018, Domestic palm oil production has increased as well as in other countries, consequence to lower Crude Palm Oil (CPO) prices and Crude Palm Kernel Oil (CPKO) prices

seasonal effect. Summary of Revenues and Net Profit Consolidated FS Q1/2018 Q1/2019 Change MB. % MB. % MB. % Services income from debts collection and others income 58.7 14.7% 89.9 16.4% 31.2 53.2% Revenues

was 0.96 times which reflect a capability for the Company to acquire more bad debt in the future. Summary of Revenues and Net Profit Q1/2017 Q1/2018 Change MB. % MB. % MB. % Services income from debts

Management Discussion and Analysis For the Financial Result of Quarter 1 Year 2019 Ended March 31, 2019 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the