May 15, 2020 Ref: SET-2020-010 Re: Management Discussion and Analysis for Quarter 1’ 2020 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries

with QoQ. This is due to the decrease in write off obsolete finished goods and better control. The Company reported shutdown expenses for inventory management against sales volume at Baht 15.7 million

from sales and services.  Distribution costs and administrative expenses decreased 20% due to in the second quarter of 2016, the subsidiaries have recognised a provision for inventory obsolescence and

under percentage of completion method and audits of inventory and cost of sales.  These independent audit inspection results could be useful for audit committees when selecting  audit firms for listed

process is to prevent the Company from being bankruptcy and to maintain the right and shareholdership, especially retail investors in the stock market, from losing all the money invested if the Company

. The entering into business rehabilitation process is to prevent the Company from being bankruptcy and to maintain the right and shareholdership, especially retail investors in the stock market, from

budget for 28 consecutive projects over the last 7 years. PPAs signing for two large scale Vietnam solar projects with total capacity of 677 MW. In September 5, 2018, Dau Tieng Ninh Energy Joint Stock

debt to EBITDA of 1x and decent interest coverage ratio of 14x in FY20. Asset turnover: Inventory was well-managed with inventory days declined from 51 days to 44 days due to lower handset stock. Account

low net debt to EBITDA of 0.8x and decent interest coverage ratio of 16x. Asset turnover: Inventory was well-managed with inventory days declined from 44 days to 22 days due to lower handset stock

effectively managed, although inventory days increased from 28 days to 40 days. This was a result of an elevated handset stock-to-sales ratio due to the government tax campaign in early 2024, which postponed