[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

Stock Exchange of Thailand We, K.C. Property Public Company Limited and the subsidiaries (“the Company and its subsidiaries”) would like to clarify the operating performance for the six-month period ended

Stock Exchange of Thailand We, K.C. Property Public Company Limited and the subsidiaries (“the Company and its subsidiaries”) would like to clarify the operating performance for the nine-month period

acquisition Baht 175 million and the increase in deferred tax Baht 118 million while advance for construction work decreased by Baht 317 million, land and construction in progress and project development cost

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 period ended 31

venturer in Shahahydro joint venture with the 100.00% shareholding. During the 3rd quarter, the construction of the project has been already implemented with the work progress equivalent to 8.28%. 3. SUT

Thailand Demeter Corporation Public Company Limited ( the “ Company” ) informed the Stock Exchange of Thailand (SET) of the progress of investment in the Biogas Power Plant Project on November 12, 2019 that

3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

shall be explained in terms of a 3-5-year business plan (represented in figures or otherwise) and a progress report on the implementation of the operation according to the goals shall be explained in the

522.24 million that has been already implemented with work progress equivalent to 17.36 %. In addition, in this captioned year, there were the additional adjustment to the estimated construction cost of