Ref: UWC 025/2562 November 13, 2019 Subject: Management Discussion and Analysis 3rd Quarter ended September 30, 2019 To: President The Stock Exchange of Thailand Ua Withya Public Company Limited

Ref. AU 009/2017 - Translation - 15 May 2017 To: Director and the President The Stock Exchange of Thailand Management Discussion and Analysis for the three-month period ended 31 March 2017 After You

: President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company") would like to describe and analyze the financial position and operating results for quarter 2-2017 are summarized as

Ref. AU 011/2017 - Translation - 11 August 2017 To: Director and the President The Stock Exchange of Thailand Management Discussion and Analysis for the six-month period ended 30 June 2017 After You

: The President The Stock Exchange of Thailand Takuni Group Public Company Limited (“The Company”) and its subsidiaries (“The Group”) would like to clarify the change in operating result for the year

S&P MD&A YE2018-ENG -1- Ref. POL. 029/2019 February 27, 2019 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

MD&A Eng Q1-19 13-5-19 _1_ 1 Translation UWC 014-2019 May 14, 2019 Subject : Management Discussion and Analysis for quarter 1-2019 To : President of the Stock Exchange of Thailand Ua Withya Public

1 Translation UWC 022-2018 May 14, 2018 Subject : Management Discussion and Analysis for quarter 1-2018 To : President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company

from the exchange rate of imported solar cells in the solar energy business. This specific transaction occurs once only in 2017. Selling and Administrative expenses Selling expenses decreased by Baht

: President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company") would like to describe and analyze the financial position and operating results for quarter 2-2018 are summarized as