& amortization 8,556 9,052 9,572 12% 5.8% 24,960 27,471 10% (Gain) loss on disposals of PPE 12 15 (3.2) -127% -121% 22 40 82% Management benefit expense (41) (47) (30) -27% -36% (145) (112) -23% Other financial

marketing activities while increased 9%QoQ from seasonality and 5G launch campaign. Admin and other expenses saw –22%YoY decrease from improving bad debt provision and efficient cost management while declined

% and 13% YoY, respectively. • Fixed broadband revenue was Bt8,436mn, increasing 21%YoY due to strong subscriber growth from working and studying from home combined with effective churn management despite

), as TETSO have started commercial run in late March 2018. Therefore, TETSO has not yet to be recognized for the revenues from operations. Lastly the company was also impacted from the Baht appreciation

Eng_MD&A Final Q3'19 November 13, 2019 Ref: SET-2019-011 Re: Management Discussion and Analysis for Quarter 3’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q3/2019 and 9M/2019 ended 30 September 2019 1. Q3/2019 Highlights Figure 1: Quarterly results  In

details as follows:  Cash and cash equivalent (including current investment of Baht 2,000 million) increased by Baht 3,217 million or 609% from cash from operations of Baht 935 million, cash from IPO of

summary as follows:- 1. Nature of operations of the Group The Group has principally engage in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water

Design Power 10,898 22.1 10,135 21.6 10,872 23.2 EVSBG (Electric Vehicle Solutions) 5,017 10.2 2,897 6.2 2,054 4.4 MPBG (Merchant Power) 7,452 15.1 6,653 14.2 5,985 12.8 FMBG (Fan & Thermal Management

1 No. ACC 2019/004 13 August 2019 Subject : Management Discussion and Analysis for the three-month and six-month period ended 30 June 2019 To : President The Stock Exchange of Thailand Index Living