% 301.13 336.19 35.06 11.64% Operating profit 412.15 421.06 8.90 2.16% 1,366.98 1,217.90 (149.08) (10.91%) Finance cost 35.10 35.33 0.23 0.65% 105.82 102.39 (3.43) (3.24%) Income tax expenses 86.45 82.22

agreements and dividend payment during the period. 1 GLOBAL POWER SYNERGY PLC. Q2/2017 Management Discussion & Analysis (MD&A) Q2/2017 Financial and Operating Highlights Unit: THB million * Exclude

below; Fleet Type As of 30 September 2019 As of 30 September 2018 Airbus A320 9 9 Airbus A319 16 15 ATR 72-500 2 6 ATR 72-600 13 9 Total 40 39 One Airbus A319 under operating lease were delivered in

2018 Airbus A320 9 9 Airbus A319 16 14 ATR 72-500 2 6 ATR 72-600 13 9 Total 40 38 5 ASIA’S BOUTIQUE AIRLINE Two Airbus A319 under operating lease were delivered in July 2018 and January 2019 respectively

management fee and the lead to insurance and credit card website. The growth in the operating business is also reflected in cost of sales which came to THB 1,535mn, an increase of THB 266mn or 21.0% YoY

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2019 1. Q1/2019 Highlights Figure 1: Quarterly results  Thai Financial

(revised) Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2019 1. Q1/2019 Highlights Figure 1: Quarterly results  Thai

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 8 August 2019 No. ZEN 2562-021 Subject Management Discussion and Analysis for 2nd

-1- AIT (VP-SEC) 028E/2022 November 10, 2022 Subject: Management's Discussion and Analysis of Operating Results for Q3-2022 To: The President of the Stock Exchange of Thailand Summary of Operations

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB